Charley's Philly Steaks - Affluent Chicago NW Suburban Mall Food Court

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Asking Price:
$199,000

Gross Revenue:
$459,215
Cash Flow:
$109,536
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Famous for their hot, fresh made-to-order Philly steak sandwiches and other 100 % USDA choice steak, all-white meat chicken and deli sandwiches, along with fresh salads, loaded gourmet fries and freshly squeezed lemonades.

Sales up year over year! This location is currently 100% absentee owned.

Location: Premium spot in the food court of a super-regional northwest suburban mall that recently underwent a $50-million-dollar renovation to become the entertainment mecca of the area with the addition of several new restaurants including Maggiano's Little Italy, a Dave & Buster's arcade/restaurant and a 12 screen, 1,600 seat state-of-the-art AMC cinema complex which opened right next to the food court.

Other popular tenants in the food court include Cajun Café, McDonalds, Panda Express, Sarku Japan, Sbarro, Subway and more.

This premier shopping destination is anchored by Macys and JC Penny, plus over 120 high fashion brands including Banana Republic, Bare Essentials, Cache, Coach, Gap, Godiva, H&M, LOFT, Michael Kors, Mario Tricoci, Pandora, Sephora, Swarovski, Teavana, Victoria Secret and much more.

Perfectly situated at the intersection of Lake County's 2 major thoroughfares (IL-21 and IL-60), just 2.5 miles west from I-94.

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not talk to any of the employees or patrons.

If interested, contact EatZ for more information. Showings by appointment only.

Listed By Tom Traina at EatZ & Associates

About the Business

Location:
Vernon Hills, Illinois
Year Established:
2013
Number of Employees:
2 Full & 3 Part
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
500
Lease Expiration:
9/14/2021
Facilities:
Leased space - rent is 10% of monthly sales. Current lease expires in Sep 2021 with the option to renew.

Square Feet: 500.

Seating: Food Court.

Days/Hrs of Operation: Mall Hrs = Mo-Sa 10a-9p & Su 11a-6p.

Value of FF&E: Included in Asking Price.
Website:
www.charleys.com/
Market Outlook/
Competition:
The #1 Cheese Steak in the world. The best Philly steaks period. Always grilled fresh-to-order. Everything made with only premium ingredients such as 100% USDA choice steak, 100% all-white meat chicken, hand-cut veggies and all-natural cheeses. Real fruit lemonades.

An award-winning franchise. The restaurant chain has been recognized at the top of more than 10 national lists for successful franchising, entrepreneurship and management in all it's years of business!
Growth & Expansion:
First restaurant opened in Columbus, Ohio on the Ohio State University campus in 1986, over 33 years ago. Began franchising in 1991 and currently has nearly 600 locations in 46 states and 17 countries.
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About the Sale

Reason For Selling:
Too far from home.
Training/Support:
One week at corporate headquarters in Columbus, Ohio.
Seller Financing:
No

Listing Info

ID:
1613660
Ad Detail Views:
0

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Business Listed by

Tom Traina

EatZ & Associates
License# 475175390

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