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Charleys Philly Steaks - Affluent Chicago NW Suburban Mall Food Court!

Vernon Hills, Illinois
Charleys Philly Steaks - Affluent Chicago NW Suburban Mall Food Court!
Asking Price:$199,000
Gross Sales: $459,215
Cash Flow: $109,536
Value Of FF&E: Included in Asking Price
Real Estate: Leased
Year Established: 2013
Status: New Listing

Contact Details

Contact Name: Tom Traina

Contact Email: sales@eatz-associates.com

Contact Phone: 847-651-3834

Contact Fax: 888-673-3045

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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.

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.

 

Detailed Information

County: Lake

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.

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.

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 and 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.

Support/Training: One week at corporate headquarters in Columbus, Ohio.

Number of Employees: 2 Full & 3 Part-Time

Seller Financing: No

Reasons For Selling: Too far from home.

Gross Sales: $459,215

Value Of FF&E: Included in Asking Price

 

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