Antique Store

Sandwich, IL (DeKalb County)

Seller Financing Available
Property includes two story cream color building in rear.

Asking Price:$55,000

Cash Flow:$40,489

Gross Revenue:$224,000

EBITDA:N/A

FF&E:$10,000

Inventory:$30,000

Real Estate:$599,900*

Established:2009

*not included in asking price.

Antique Store

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Business Description

Own a Store in Sandwich, IL Antique Capital of the Western Suburbs

Prindi's Antiques is a thriving antique, collectible, home decor, jewelry and what have you store on the busiest corner of Sandwich, IL. Sandwich is well known as the place to go for antiques in the western suburbs of Chicago.

The building is also for sale. Why worry about your landlord raising the rent when you can own the building and collect rents from the nine apartments on the second floor? You get a thriving business and a place to live all in one!
Google Prindi's Antique Mall for a virtual tour of the store.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
24,000
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The antique store occupies 11,000 square feet on the first floor and lower level. The second floor has 9 apartments so you can live in one and collect rent on the other 8. The third floor is currently used for storage but has great potential for improvement. There is additional storage and a work area in the basement. We currently have about $30,000 in stock which is included in the price.
Competition:
There are currently ten antique and home decor stores in Sandwich making it a great town to shop in. We are the next to largest. Antique stores are somewhat unique in that the more there are in town the more shoppers you draw. We love to see new shops open as more and more folks are drawn to Sandwich to shop. In the warmer month we have the Sunday in Sandwich antique show at the beautiful Sandwich Fairgrounds which brings big crowds into town and our shop. There are also several huge craft shows in town each year that draw thousands.
Growth & Expansion:
We are pretty much computer illiterate but we do have a new web sight (prindisantiquemall.net) and are just getting started at using Facebook for marketing. I think someone with a little more know how in marketing could boost sales in a big way. It is very likely that Metra will be coming to Sandwich at some point in the future and that will be great for the town and the store.
Financing:
Seller financing available with flexible terms
Support & Training:
My wife and I run the store with help from our 40 dealers. We would be happy to stick around and show you the ropes. We have several dealers who are very capable of running the store in our absence and take over when we are out of town.
Reason for Selling:
We are both 73 and it's time.
Business Website:
http://prindisantiquemall.net

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Business Listed By:
roger prindiville

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