Hi-Rise Grocery Store or Upscale Deli Opportunity
Business Description
Established grocery store and deli operation located in a luxury high-rise building in Chicago's downtown core, presenting an exceptional opportunity for an experienced retail food operator. This modern, well-maintained 7,100 square foot facility has been serving the community since 2005 and is positioned for significant growth as nearby office spaces return to full occupancy.
BUSINESS OVERVIEW:
Currently operated as an absentee-owned business, this upscale grocery and deli concept caters to the convenience needs of high-rise residents and office workers. The store maintains an established customer base and demonstrates stable operations in a prime urban location.
LOCATION ADVANTAGES:
Situated within a luxury high-rise building, the business benefits from a captive residential customer base and proximity to approximately 2.5 million square feet of office space within a two-block radius. This strategic location provides exceptional growth potential as office occupancy rates recover to pre-pandemic levels.
FINANCIAL HIGHLIGHTS:
- Asking Price: $500,000 (includes $120,000 inventory)
- Monthly Lease: $12,000
- Lease Term: Extends through December 31, 2035
- Established revenue history available to qualified buyers
GROWTH POTENTIAL:
The seller anticipates exponential sales growth as nearby office buildings return to full capacity, creating increased foot traffic and customer demand. The current absentee ownership model suggests potential for improved performance under active owner-operator management.
IDEAL BUYER PROFILE:
Seller seeks qualified buyers with retail grocery or foodservice experience, including operators familiar with convenience store formats (7-Eleven, Circle K) or fast-casual concepts (Panera-style operations). This opportunity particularly appeals to current franchisees seeking to eliminate franchise fees and increase personal income potential.
The owner is retiring after nearly two decades of successful operation, providing an excellent opportunity for the right operator to acquire an established business in Chicago's competitive downtown market.
BUSINESS OVERVIEW:
Currently operated as an absentee-owned business, this upscale grocery and deli concept caters to the convenience needs of high-rise residents and office workers. The store maintains an established customer base and demonstrates stable operations in a prime urban location.
LOCATION ADVANTAGES:
Situated within a luxury high-rise building, the business benefits from a captive residential customer base and proximity to approximately 2.5 million square feet of office space within a two-block radius. This strategic location provides exceptional growth potential as office occupancy rates recover to pre-pandemic levels.
FINANCIAL HIGHLIGHTS:
- Asking Price: $500,000 (includes $120,000 inventory)
- Monthly Lease: $12,000
- Lease Term: Extends through December 31, 2035
- Established revenue history available to qualified buyers
GROWTH POTENTIAL:
The seller anticipates exponential sales growth as nearby office buildings return to full capacity, creating increased foot traffic and customer demand. The current absentee ownership model suggests potential for improved performance under active owner-operator management.
IDEAL BUYER PROFILE:
Seller seeks qualified buyers with retail grocery or foodservice experience, including operators familiar with convenience store formats (7-Eleven, Circle K) or fast-casual concepts (Panera-style operations). This opportunity particularly appeals to current franchisees seeking to eliminate franchise fees and increase personal income potential.
The owner is retiring after nearly two decades of successful operation, providing an excellent opportunity for the right operator to acquire an established business in Chicago's competitive downtown market.
About the Business
- Years in Operation
- 20
- Employees
- 7 (3 Full-time, 4 Part-time)
- Facilities & Assets
- Well maintained and upscale in appearance.
- Market Outlook / Competition
- Stable
- Opportunities for Growth
- Once nearby office spaces are fully occupied, sales will exponentially increase. There are approximately 2.5 million square feet of office space that exist within a 2-block radius. Sales peaked at $5,900,000 annually prior to Covid.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 7,100
- Rent
- $12,000.00 per month
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Will only consider individuals with a retail grocery or a foodservice background. 7-11, Circle K or a Panera type operation would qualify.
- Financing Options
- The equipment will be leased from the owner. It is included in the monthly rent.
Listing Info
- ID
- 2451834
- Listing Views
- 28
Business Location
Listing ID: 2451834 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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