Popular Philly Steaks Franchise - Affluent NW Suburban Mall Food Court

Vernon Hills, IL (Lake County)

Seller Financing Available
Popular Philly Steaks Franchise - Affluent NW Suburban Mall Food Court

Asking Price:$159,000

Cash Flow:$70,000

Gross Revenue:$441,329

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Lease Rate/Sq. Ft.:$117.15/yr

Established:2013

Popular Philly Steaks Franchise - Affluent NW Suburban Mall Food Court

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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 breast and fresh deli subs, grilled salads, gourmet fries and freshly squeezed lemonade.

Premium spot in the food court of a popular northwest suburban mall that has just under gone a $50-million-dollar renovation to become the entertainment mecca of the area with the addition of several new restaurants, a Dave & Buster's arcade/restaurant and a 12 screen, 1,600 seat state-of-the-art AMC cinema complex which just opened in May right next to the food court.

The food court was remodeled in 2014 and the entrance closest to the food court was closed half the year affecting sales negatively, but now the food court is complete! Other popular tenants include Cajun Café, Ketchup, McDonalds, Panda Express, Sarku Japan, Sbarro, Subway and Taco Bell. No more empty spaces!!

This premier shopping destination is anchored by Carson’s, Macys, JCPenny and Sears plus over 140 fabulous shops including Banana Republic, Bare Essentials, Cache, Coach, Gap, Godiva, H&M, LOFT, Mario Tricoci, New York & Co, Pandora, Swarovski, Teavana and much more.

This location is currently 100% absentee owned.

Highly confidential listing, please do not discuss with patrons or employees.

Recent Accolades:

• Best of Atlanta 2012
• Franchise Times - Top 200 Franchise List 2012
• Franchise Business Review - Franchisee Satisfaction Award Top 50 2012
• Franchise Business Review - Franchisee Satisfaction Award Top 50 2011
• Fast Casual Magazine - Top 100 Movers & Shakers 2010-2011
• Inc. Magazine - 5000 Fastest Growing Companies 2008-2010
• Entrepreneur Magazine - Top 57 Fast Food Franchises in the World
• QSR Magazine - Best Company to Work For 2009
• Entrepreneurship International - Top 200 Global Franchises
• Restaurants & Institutions Top 400 2009
• Business First Magazine - Largest Private Minority Business in central Ohio 2009
• Entrepreneur Magazine - Best of the Best Quick Service Restaurants 2004-2009
• Men's Health, Top 10 List - Best Chicken Sandwich
• Dunn & Bradstreet - All Star Best of Best Franchise List 2009-2010
• Business First Magazine - Top 50 Private Business
• USA Today - Road Warrior's Best Food in Atlanta Airport
• Corporate Caring Award Finalist - Columbus Business First, Columbus, OH
• Mass Mutual U.S. Chamber of Commerce - Blue Chip Enterprise Award
• Entrepreneur Magazine - "Best of the Best" Franchises 2006
• Entrepreneur Magazine - Franchise 500 List, Rated #1 in Category 2001-2002, 2004-2009
• Success Magazine - Annual "Franchise Gold 200" Top 20

Listed by Tom Traina at EatZ & Associates

Detailed Information

Real Estate:
Leased
Building SF:
700
Lease Expiration:
12/31/2020
Employees:
2 Full/3 Part
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space $6,834/mth includes rent, CAM, insurance and taxes. Current lease expires in 2020 with the option to renew. Square Feet: 700. Seating: Food Court. Days/Hrs of Operation: Mall Hours = Mo-Sa 10a-9p & Su 11a-6p.
Competition:
The best Philly steaks period. World's #1 Cheese Steak. Made with only premium ingredients such as 100% USDA choice steak, all-white meat chicken breast, fresh cut toppings and real dairy cheeses. An award winning franchising company. 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 30 years ago. Began franchising in 1991 and currently has over 500 locations in 46 states and 16 other countries.
Financing:
Possibly, to a well qualified buyer with $100,000 down.
Support & Training:
One week at corporate headquarters in Columbus, Ohio.
Reason for Selling:
Too far from home.
Franchise:
This business is an established franchise

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Tom Traina

Business Listed By:
Tom Traina

EatZ & Associates

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