Terry Monroe

American Business Brokers

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AmericanBusinessBrokers.com


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Effingham, Illinois

About the Company

American Business Brokers is a full service brokerage company with a division that specializes in the sale and acquisition of Gas Stations and Convenience Stores. Having been both an operator and owner of these businesses, Terry Monroe and American Business Brokers can offer both buyer and seller the utmost service in their pursuit of selling or buying.

Broker Biography

Introduction

Terry Monroe
President, Chief Operating Officer
American Business Brokers

Terry Monroe has been in the business of establishing, operating, and selling businesses for more than 25 years. At American Business Brokers, he serves as a consultant for business buyers and sellers throughout the nation, while his knowledge and expertise in multi-store operations and sales has led to many multi-million dollar transactions. As an expert source in the convenience store industry, he writes a routine “Financial Insights” guest column for Convenience Store News and has been featured in CSP, CSP Independent, CS News Single Store Owner, NPN, and NACS magazines. Over the years, his in-depth knowledge of business enterprising, franchising, financing, and acquisitions have generated over 460 successful transactions.

As an owner of more than 33 different businesses including 10 different national franchises, Terry has a thorough understanding of business growth and enterprise management. As President and founder of American Business Brokers, Terry has positioned himself as an expert and a leader in the convenience store industry, offering broker and consulting services to business buyers and sellers. The company offers services to clients regarding valuations, mergers and acquisitions, business sales, and franchise opportunities.

Services Provided

For additional information about American Business Brokers and the buying or selling of a business contact us at Info@AmericanBusinessBrokers.com or for their convenience store division please visit www.ABBUnitedStates.com

Areas Served

  • St. Clair County, IL
  • Professional Affiliations

    American Business Brokers is a member of the International Business Brokers Association, The Florida Business Brokers Association, The National Realtors Association and The American Business Brokers Network.

    Business For Sale Listings

    $239,000
    Henderson Co., IL 
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    Full Line Grocery - Beer, Wine & Liquor

    Full Line Grocery store w/ Beer, Liquor & Wine license. 8,000 sq ft. VERY NICE BUILDING PLUS ALL GROCERY, DAIRY & REFRIGERATED CASES are included in the listing price. Sales approximately $38,000 per week. NEW OWNER SHOULD ADD LOTTERY and POSSIBLY INQUIRE about GAMING LICENSE. OWNER IS RETIRING and HAS PUT A FANTASTIC PRICE for the ASSETS and BUSINESS on this STORE. INVENTORY is VALUED at $225,000 (cost) and separate from the listing price of $239,000. CONTACT BRIAN BARKLEY for further details. 

    $395,000
    Peoria, IL 
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    High Volume Mexican Restaurant

    This 8000 sq. ft. Mexican restaurant is located in a very busy area in Central Illinois. It is high volume and does about $2,000,000 a year in sales. There are 18 well trained staff members. The entire place is in outstanding condition. The equipment and furniture is in outstanding condition, also. This is a long term owner that is selling. THIS BUSINESS IS VERY PROFITABLE! Do not miss this deal. Call Jeff Highfill until 10 PM.  

    $85,000
    Peoria, IL 
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    Home Inspection Business

    This HOME INSPECTION business is super busy and well established. This is your chance to learn from an EXPERT. The schedule is very flexible! Seller has tons of repeat business and gets so many referrals. There are "add-on" services, also. This is a great business so do not miss it. Contact Jeff Highfill seven days a week.  

    $1,100,000
    Peoria, IL 
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    Great Gas Station Near Peoria

    This 1800 sq. ft. gas station stays super busy. Inside sales average about $90,000 a month which does not include lottery. Gallons pumped per month is about 30,000. There isa wide variety of products sold such as snacks, soda, frozen, automotive, vape, and much more. THERE IS NO ALCOHOL. There is no gas contract. There are three dedicated employees. There have been many upgrades and the store looks great. Contact Jeff Highfill seven days a week.  

    $995,000
    Lee Co., IA 
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    Great Gas Station - Owner Financing

    Outstanding 2800 sq. ft. gas station near Illinois/Iowa border. Inside sales are around $85,000 a month. Gas gallons are about 25,000 per month. This store does have beer, wine, & liquor. The seller has invested about $400,000 in tanks and pumps upgrades in the last two years. There is some extra space where you could build another building. Seller will finance with $250,000 down plus inventory. The store has a nice canopy and LED lights. DO NOT MISS THIS HOT DEAL. Call Jeff Highfill today.  

    $150,000
    Rockford, IL 
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    Ice Cream & Hot Food

    This super busy ICE CREAM SHOPPE is located near Rockford, Illinois. It serves ice cream and hot food. The rent is very cheap. 2025 sales were over $230,000 and that is with the business not open year round. This is a well established business that has been around for years and years. All training provided and the sell sell may finance. Don’t miss this super hot deal. Call Jeff seven days a week.  

    $125,000
    Peoria, IL 
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    High Volume Doggy Daycare

    This DOGGY DAYCARE is very easy for pet owners to get to. Yearly revenue is over $325,000. This is a doggy daycare & kennel. The rent is cheap! There are usually 8-12 employees. You can add grooming services. The indoor space is over 4000 sq. ft. There are several, huge outdoor play areas. The pick-up and drop-off is very easy for the pet owners. If you love dogs....you will love this place. Contact Jeff Highfill for this great deal.  

    $180,000
    Peoria, IL 
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    Laundromat 20 Minutes from Peoria

    This laundromat comes with the building and is an outstanding deal! It is located within a 20 minute drive from Peoria. The machines are in great conditions and some were new in the last 6-7 years. The seller is willing to sell just the business and equipment so that is an option. The rent would be $1,000 a month. THIS WILL SELL FAST. Contact Jeff Highfill until 10 PM.  

    $800,000
    Henry Co., IL 
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    High Volume Grocery - Alcohol - Gaming

    This grocery store is about 10,000 sq. ft. and the building is in great condition. There is over $250,000 in new equipment purchased in the last year. The store looks great. It sell grocery, meat, produce, beer, liquor, and many other products. No nearby competition. There is gaming at this store. There are many long term employees and the owner will train the buyer. 2025 ended with about $3,350,000 in sales. Inventory is not included in the $800,000 asking price. Contact Jeff Highfill seven days a week.  

    $68,500
    Peru, IL 
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    Mission Tortilla Route

    This is a great deal for this route. It is only six stops so you can work about 20 hours a week if you live in the LaSalle/Peru area. Mission Tortillas is a top quality brand. Yearly sales are over $330,000. You can pick up more customers in the area if you would like. The customers now are large stores. This business is very easy to learn. You must have good credit and will have to be approved by Mission Foods. Contact Jeff Highfill seven days a week.  

    $325,000
    Grundy Co., IL 
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    Great Grocery Store - Liquor - Gaming

    This is a great little grocery store just 30 minutes from Chicago suburbs. The building is about 6500 sq. ft. The building, land, equipment, and business is included in the price. This store sells grocery, frozen, snacks, paper goods, cleaners, health & beauty, beer, liquor, and so much more. Sales are around $45,000 per month. Gaming commission is about $4,000 per month. Seller also willing to sell just the business for $135,000 and give the buyer a lease. This is a good deal so do not miss it. Contact Jeff Highfill seven days a week. 

    $259,000
    Peoria, IL 
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    Bar with Building - Great Gaming

    This bar/restaurant does great business. It has had many updates inside and outside. There are four dedicated employees. This bar is open limited hours and could be open way more hours. Gaming is over $7,000 a month. This is your chance to own a great place. Call Jeff Highfill at until 10 PM.  

    $295,000
    Peoria, IL 
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    Large Smoke/Vape Shop/Head Shop

    This is a well established Head Shop and "Lifestyle Products" store in Central Illinois with thousands of customers. The owner is looking to retire after 33 years of doing business. This is an expansive store in a high traffic location with a beautiful & unique layout of glass and smoking accessories for every walk of life. Plus one of the largest selections of "consumables" including vapes, kratom, THC, and CBD products. No liquor sales, but skys the limit in terms of what can be added. 2026 projections are $90,000 plus a month (over a $1,000,000 for a year). High profit margins provide a VERY GOOD income for the owner. Rent is reasonably priced. Buyer must also purchase all inventory at cost. Contact Jeff Highfill until 9 PM.  

    $90,000
    Itasca, IL 
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    Itasca Area Smoke Shop Hot Price

    This is an outstanding vape & smoke shop. The place looks great and it is the perfect amount of space. THE RENT IS CHEAP. It is located on a busy road and there is plenty of parking. This is a well established shop that has been around for years. This shop sells vapes, cigarettes, roll your own, cigars, and so much more. 2025 sales were over $600,000 in revenue. 70% of sales are debit/credit. This is a great deal for $90,000 plus inventory. SUPER HOT DEAL. Contact Jeff Highfill until 10 PM.  

    $795,000
    La Salle Co., IL 
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    CNC Machine Shop - Revenue Up!

    This is an amazing CNC machining shop. They make precision machined parts for the automotive industry. There are appoximately 40 different parts made. Parts are shipping out every day! 2025 sales were over $1,100,000. 2026 sales are on fire!!! Sales for 2026 through June 15th are already $825,000. 2026 will blow away 2025. Those sales are generated by 3 employees. The buyer will receive over $550,000 in equipment that is in outstanding condition and the inventory. This business is perfect for someone who is ready for his/her own shop or as a great acquisition to add to your current parts business. Training is included and extended training is available if you need it. The seller is ready to retire. This will sell fast. THIS IS ONE OF THE BEST DEALS I HAVE EVER SEEN. Call Jeff Highfill at 309-208-9414 until 10 PM.....seven days a week.  

    $319,000
    Ogle Co., IL 
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    Turn-Key Pharmacy - Hot Price

    THIS IS A TURNKEY PHARMACY WITH MASSIVE GROWTH POTENTIAL. This well established pharmacy has been around over 30 years. They have a very loyal customer base. There is a dedicated & experianced staff that works in a beautifully designed layout built for efficiency. There is a huge opportunity to add a ton more products to the front of the store for additional sales and profits. There are four fully equipped computers and filling stations. LOW RENT IS ONLY $1300 A MONTH ! That is crazy cheap. The best part is that the buyer gets 6 months free rent. This place is open very short hours. Open more hours and you could boost your sales even higher. 2024 sales were over $870,000 and 2025 sales were very good. All inventory, electronics, furniture, and fixtures included in the price of $319,000. This pharmacy is already highly profitable with plenty of room to grow. Contract Jeff (BROKER) anytime until 10 PM.  

    $150,000
    Winnebago Co., IL 
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    Rockford Area Fast Food - Ice Cream

    This FAST FOOD restaurant is open limited hours. It is located in a great area with limited competition. The rent is cheap. Yearly sales about $250,000. The seller will train. This is a very special place that has been around over 25 years. Contact Jeff Highfill seven days a week. 

    $465,000
    Peoria, IL 
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    Catering Business - Over $2M Sales

    This is a ONE OF A KIND catering business. It has been around over 30 years. It is located near Peoria, Illinois. 2024 sales were over $2,000,000 and 2025 was also over $2,000,000. There are many long term and dedicated employees. You will receive over $150,000 in equipment & furniture. This business has huge potential to expand. The rent is very cheap. The seller would also sell the building. Do not miss this great business. Call Jeff Highfill seven days a week. THIS IS A SUPER HOT DEAL. 

    $1,200,000
    Joliet, IL 
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    High Volume Bar with Property

    HOT DEAL ! This high volume bar is located in the surrounding Joliet area. Is has been around for years and has a huge following. There is a full kitchen. You will love the long term staff that is very dedicated. The building and land is included in the sale. The seller is willing to train the buyer for a few months if needed. This bar is very profitable! Contact Jeff Highfill seven days a week. 

    $119,000
    Peoria, IL 
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    Established Chiropractic & MessageTherapy Office

    Well established 50 yr Chiropractic & Massage Therapy practice w/o real estate. The office is located in a high traffic commercial/residential center in a mid size central Illinois community. Rent, all inclusive(utilities, internet, phone, NNN etc...) at $4000 per month. All interested parties will sign NDA. Contact Brian Barkley for further details. 

    $799,000
    Peoria, IL 
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    Premier Independant Central IL Paint Store

    Premier Independent Paint Store in Central Illinois. 2024 sales of $1.47M and on track to exceed $1.5M 2025. Very Favorable 5 yr lease to a new buyer at $4000 per month(approx.10,000 sq. ft.). Industrial Users, Contractors & General Public make up customer base. Walk-in & Delivery. Owner is retiring but will train and establish contacts w/ key customers. NDA to be signed by All interested parties. Contact Brian Barkley for further details. 

    $649,000
    Peoria, IL 
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    Used Car Dealer and Automotive Repair

    USED CAR DEALER and AUTOMOTIVE SERVICE BUSINESS with REAL ESTATE. 6000 sq. ft concrete block building(4500 sq. ft. service bays and 1500 sq. ft. office/retail) w/ three(3)adjacent lots for used car inventory. Total sq. footage, including building, of 26,250 sq. ft.(.603 acres) in the heart of the city on a major road. 2024 sales of $1,215,200. Owner is retiring. Contact Brian Barkley for further details on this exciting opportunity! 

    $499,000
    Rockford, IL 
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    Convenience Store - High Gaming with Building

    OUTSTANDING PRICE ! This 2800 sq. convenience store is well established. Store sales are over $600,000 a year. The gaming does over $8000 per month which is the the commission to the store. That is outstanding. There is a full beer, wine, and liquor department. You will love the walk-in beer cave. There are some deli sandwiches sold, also. This store has huge potential for the sales to be increased. Huge! This beautiful store is driving distance from Rockford, Illinois. Do not miss out on this one. 

    $299,000
    Henderson Co., IL 
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    Profitable Grocery Store

    Profitable Grocery Store with full service grocery, meat, produce, frozen, deli, liquor, wine, beer add hardware departments. All assets, building and real estate included in the sale. Weekly avg. sales of $35k(yearly sales $1.85M). Inventory is approx. $200k at cost and is separate from the listing price. Seller to paid at closing for inventory. Call Brian Barkley for further information. CA/NDA to be signed by ALL interested buyers. *****Note: This store can be purchased individually or as part of a three(3) store package.***** 

    $349,000
    Henderson Co., IL 
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    Small Town Grocery & Hardware Store

    West Central Illinois Grocery/Hardware store. Excellent reputation in the community and surrounding area for their quality of products and customer service. Full grocery, meat, produce, frozen, deli, liquor, beer, wine and hardware departments. Sales avg. $40k per week($2.1M yearly sales). Inventory is approx. $225k at cost and is separate from the listing price. Call Brian Barkley for more details. CA/NDA to be signed by ALL interested parties. *****This store can be purchased separately or as part of a three(3) store package.****** 

    $419,000
    Louisa Co., IA 
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    Profitable Grocery & Hardware Store

    Profitable Grocery/Hardware Store, located in SW Iowa, doing $50k per week in Sales avg($2.5M yearly). Full service grocery, meat, produce, frozen, deli, liquor, wine, beer and hardware departments. All assets, building and land is included in the sale. Inventory is approx. $$500k at cost, separate from the listing price and to be paid to the Seller at closing. Call Brian Barkley for further details. Confidentially Agreement/NDA to be signed by ALL interested buyers. *****Note: this store can be purchased separately or as a three(3) store package.***** 

    $570,000
    Sangamon Co., IL 
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    Beautiful Grocery Store

    This 8000 sq. ft. grocery store is beautiful and comes with the building. Open very short hours, but generates over $1,400,000 in yearly sales. This is grocery store with meat, frozen, produce, alcohol, snacks, hot deli, and so much more. There are 14 employees. You will love this place. This is driving distance from Springfield, Illinois. Contact Jeff Highfill at 309-208-9414 until 10 PM.  

    $395,000
    Lee Co., IL 
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    C-Store - Just 45 Minutes from Aurura - Has Gaming

    This is a wonderful convenience store that has been around for many years. The building and land is included. Tons of inventory is included. The store does sell beer, wine, and liquor. There are gaming machines and they do very well. There is limited competition in the area for the number of people in the area. This store is open limited hours, but does over $1,000 a day. This is a fantastic opportunity! Located just 45 minutes from Elgin or Aurora Area. 

    $195,000
    Joliet, IL 
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    Established Bar - $8,400 Gaming - Cheap Rent

    HOT DEAL. This well established bar is about 3800 sq. ft. It has been around for about 40 years. Very easy to operate since there is no food. It seats around 140 people. The large space allows you to have bands, parties, special events, & more. This place is open seven days a week and is ran by just 5 employees. Gaming over $8400 per month. Bar revenue averages about $180,000 a year. This place is very nice and you will just love it. Seller wants to retire and has owned this place for many years. Contact Jeff Highfill seven days a week until 10 PM. 

    $155,000
    Woodford Co., IL 
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    Beautiful Bowling Alley with Building - Gaming

    Have you always wanted to own your own bowling alley? Now is your chance. This place is an outstanding deal. It is only open about 25 hours a week. It is operated by the owner and one part-time employee. You could be open a ton more hours for more bowling revenue and more poker machine revenue. There is a brand new $25,000 roof. The lanes are in outstanding condition. The owner has had it over 30 years and just wants to retire. Contact Jeff Highfill until 10 PM. 

    $365,000
    Grundy Co., IL 
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    Convenience Store with Gaming

    This 5000 sq. ft. grocery store is well established. There is no other grocery store for a long distance. These long term owners are ready to retire. Yearly sales are over $500,000. This is a full line grocery store. It also sells beer, wine, and liquor. THERE ARE GAMING MACHINES AND THE MONTHLY COMMISSION IS ABOUT $3,800 IN YOUR POCKET. This is a good deal for the building, equipment, and business for $365,000. SELLER IS WILLING TO SELL JUST THE BUSINESS FOR $155,000 AS AN OPTION. Call Jeff Highfill today. 

    $298,000
    Illinois 
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    Restaurant - $100k Per Month - Great Deal

    This SUPER HOT restaurant does over $100,000 per month. It is open limited hours!!! There is no alcohol served. The rent is very fair and the space is over 8000 sq. ft. Many staff members have been around 10 years or longer. This place has had the same owner for many, many years. The seller wants the buyer to have a smooth transition and is willing to train for an extended period of time. THIS IS A VERY RARE OPPORTUNITY TO OWN AN AMAZING BUSINESS. This is a profitable business. 

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