Cinnabon & Carvel Skokie, IL - Westfield Old Orchard!

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Asking Price:
$64,900

Gross Revenue:
$293,841
Cash Flow:
$30,428
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Serving fresh, aromatic cinnamon rolls made with premium Indonesian cinnamon and topped with sweet, rich, cream cheese-based frosting. Each Cinnabon product is handmade, served hot out of the oven and baked fresh. Featuring their Classic Roll, MiniBon Roll, BonBites, CinnaPacks and Caramel PeaconBon & BonBites, Center of the Roll, CinnaSweeties and Cinnabon Stix. Along with hot cocoas & coffee, cold brew iced coffee, lemonades, other iced beverages and Chillattas. Plus, Carvel premium soft ice cream in cups, cones, shakes, sundaes and Carvelanches.

Dine-in, carry-out, plus catering. Cinnapacks available in 4, 6, 9 and 15 count They are great for youth groups, school parties, football tailgating, birthday parties, bridal showers, weddings, baby showers, family reunions, client meetings, office gatherings and more. Also available, gift certificates.

An owner/operator could greatly increase the bottom line at this location!

Prime retail space in Westfield Old Orchard, an upscale outdoor shopping center in Skokie north of Chicago spanning an impressive 1.8 million sqft. Anchored by Bloomingdale's, Lord & Taylor, Macy's, Nordstrom and Saks Fifth Avenue, plus a host of more than 110 specialty stores featuring apparel for men, women & children, shoes, home furnishings, jewelry, gifts, galleries and much more. Services include hair salons, optical services, a tailor and a shoe repair. Dining options include a food court and a variety of full service restaurants - California Pizza Kitchen, Cheesecake Factory, Houlihan's and Maggiano's, just to name a few. This Cinnabon is perfectly situated directly across from a brand new movie theater that just opened in August!

Old Orchard Mall underwent a $50 million expansion and renovation in late 2007, making it the largest shopping mall in Illinois. The idea place for great Chicago shopping and eating. A favorite shopping destination in Chicagoland!

Feel free to stop by the location as a customer first. This is a highly confidentially listing, please do not discuss with 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:
Skokie, Illinois
Year Established:
2011
Number of Employees:
4
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
630
Rent:
$7,500.00 Per Month
Lease Expiration:
5/1/2021
Facilities:
Leased space - $7,500/mth includes rent, CAM, insurance and taxes. Current lease expires Jan 2022. Square Feet: 630. Seating: Mall Seating. Days/Hrs of Operation: Mall Hours = Mo-Sa 10a-9p & Su 11a-6p. Value Of FF&E: Included in Asking Price.
Website:
www.cinnabon.com/
Market Outlook/
Competition:
Cinnabon - A one of a kind franchise. A world-class franchise system. Uses only the finest ingredients. Legendary made-from-scratch cinnamon rolls. World famous rolls. Seen on tv shows and movies. Cinnabon is a highly rated and universally loved franchise that has stood the test of time. A real crowd pleaser. A snack brand that the world craves.

Cinnabon Recent Accolades:

* #1 in category in Entrepreneur magazine's Franchise 500 (2014-2016)
* Ranked in Entrepreneur magazine's Franchise 500 (2013-2016)
* CNN Travel "Golden Chains: 20 Best Franchises for Travelers" (2014)
* Nation's Restaurant News "Top 4 Restaurant Digital Marketing Tactics" (2012)

Carvel - Their premium soft ice cream is made fresh daily and blended to that creamy smooth texture that's made them famous since 1934. This all-American favorite is the nation's first retail ice cream franchise and has become one of the best loved & most recognized names in the industry. The company is a leading provider of premium soft serve and hand dipped ice cream products.
Growth & Expansion:
Cinnabon - Currently headquartered in Atlanta, GA. The first Cinnabon Bakery opened in 1985 in the SeaTac Mall in Seattle, Washington. For more than 30 years, consumers have flocked to Cinnabon Bakeries. To this day, the Cinnabon experience continues to grow. Not only are there now more than 1,300 locations throughout the nation and in over 50 countries worldwide, but the menu has also expanded. Cinnabon today is one of the world's most-recognized and sought-after brands in the snack industry.

Carvel - Carvel has been making ice cream fresh daily for over 75 years and is home of the original all ice cream cake. Today, Carvel-lovers still seek out their creamy, crunchy treats in over 400 Carvel stores and over 9,500 supermarkets nationwide. Atlanta-based Carvel is a part of Focus Brands Inc, the franchisor of Cinnabon, Schlotzsky's, Moes Southwest Grill and Seattle's Best Coffee.
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About the Sale

Reason For Selling:
Other business interests.
Training/Support:
10-12 days of classroom and in-bakery training.
Seller Financing:
No

Listing Info

ID:
1524394
Ad Detail Views:
1093

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Business Listed by

Ted Aretos

EatZ & Associates

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Sponsoring Broker:

Tom Traina
EatZ & Associates
License# 475175390

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