A Premier Destination Of Southwest Chicagoland Featuring A Fresh Mix Of Grocery, Designer Fashions, Dining & Entertainment For The Entire Family
Chicago Ridge, IL
Asking Price: $59,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $5,741
Lease Expiration: 12/2028
Options: (Contact For)
Year Established: 1975
Owner Operated: No
Seller Financing: No
Food Type: Bakery/Cupcakes/Cakes, Cookies, Ice Cream/Frozen Yogurt/Gelato, Smoothies
Service Type: Fast Food
Business Type: Franchise
Sale Type: Asset Sale

Description:

Serving freshly baked cookies, brownies, specialty baked items right out of the oven, plus refreshing fruit smoothies, cookie chillers, ICEE slushies, coffee and other ice-cold drinks. Also, their popular cookie cupcakes & cookie cakes, decorated for birthdays, holidays and all special occasions. The perfect treats anytime and they make terrific gifts too.

Plus TCBY added in 2018, offering their signature soft serve frozen yogurt. Boasts 3 state-of-the-art self-serve yogurt machines (6 flavors) serving a wide variety of rotating flavors along with a toppings bar and a variety of sauces.

Simple operation - counter service. Well-established over 46 years in the mall and in this new build-out in the food court 3 years! Currently absentee run - lots more potential with some promotion within the mall.

Asset sale - limited financials.

Feel free to stop by the location as a customer first. This is a highly confidential listing, please DO NOT talk to any of the employees or patrons. If interested, contact EatZ for more information. Showings by appointment only.

Business Website: https://mrsfields.com
County: Cook
Location:

Prime retail space in Chicago Ridge Mall, a premier destination of southwest Chicagoland. Featuring a fresh mix of grocery, designer fashions, dining and entertainment for the entire family. Conveniently located at the corner of 95th St and Ridgeland Ave.

Anchored by AMC Chicago Ridge 6 Theater and Kohl’s along with Aldi, Bed Bath & Beyond, Michael’s and Old Navy, plus a Dick’s Sporting Goods to open in the summer of 2021. A fashion mecca within itself with a total of 130 shops including Bath & Body Works, Forever 21, The Disney Store, Hollister and H&M.

Plus, a great choice of restaurants including Buffalo Wild Wings, Chili’s, Red Robin and Chick-Fil-A as well as these 9 food court eateries adjacent the movie theater: Burger King, Charley’s Grilled Subs, Sarku Japan, Sbarro, Sem Sem Mediterranean, Smokehouse, Taco Bell/KFC, Tasty Freeze, Tokyo Express and this Mrs Fields/TCBY!

Real Estate: Leased
Facilities:

Leased space $5,741/mth gross. Current lease expires in Dec 2028. Square Feet: 544 + 128 sqft storage space. Seating: Food Court. Days/Hrs of Operation: Mo-Sa 11a-7p & Su 12p-6p. Owners Role: Absentee owner.

Number of Employees: 5-6 Part-Time
Support/Training: Two weeks of in-dept training, one week at store and one week at the company’s Famous Brands University (FBU) in Salt Lake City, UT. As well as ongoing assistance with operations & marketing.
Value of FF&E: Included In Asking Price
Value of Inventory: $3,000 (Not Included In Asking Price)
Competition:

Mrs Fields - Famous name and brand. Famous for their custom decoration, hand-frosting and the finest high-quality natural ingredients. Proprietary Mrs. Fields cookies are still made daily in store and are true to the original recipe created by Debbi Fields herself (a recipe that has never been made available to the general public). The world’s premier cookie store - one of the largest retailers of freshly baked, on-premise specialty cookies and brownies in the US.

Very popular with the mall crowd - their stylish, contemporary design and showcase of sweet indulgences compels consumers to stop for their delectable treats. Gives shoppers a delicious cookie break. Also, the perfect place to grab a sweet gift. And their cookie cakes are a huge hit!

TCBY - A pioneer in frozen yogurt. The country's best yogurt. America's favorite fro-yo. Their products are made with real dairy yogurt, live active cultures, or "probiotics" and are always low in fat and trans-fat free.

A national frozen yogurt franchise with excellent brand name recognition. Outpaces all frozen yogurt brands in consumer awareness. Has the highest positive brand impression among its competition. Is the most frequently visited frozen yogurt store. Has created a legacy of great tasting, healthy frozen desserts for the past 38 years.

Growth and Expansion:

Mrs Fields - A legacy brand. An established premium cookie franchise. A proven franchise concept. First store opened in 1977 and began franchising in 1990. Currently over 200 locations domestically and around the world. With 44 years of brand success and over 31 years of franchising experience, Mrs. Fields has become one of the most beloved and popular brands in America. And is still the worldwide leader in the specialty baked-goods segment. Supplies dessert lovers all over the world with high-quality cookies and treats!

The average American consumes 19,000 cookies in a lifetime. And 81% of Americans have heard of Mrs. Fields. Fresh, homemade, baked and good are top-of-mind when asked about Mrs. Fields (in addition to chocolate chip cookies of course!) It’s the most frequently visited baked goods specialty shop!

TCBY - The first powerhouse brand loved by customers. Still the category leader in the $8 billion dollar "Fro-Yo" industry. First shop opened in1981, started franchising in 1982, currently 400+ locations worldwide. Leader in the market in nutrition, taste and new product innovation.

Frozen yogurt has seen much growth through the years and will continually grow due to the demand from more health-conscious consumers. 90% of Americans regularly consume frozen desserts and 79% prefer frozen yogurt before ice cream.

Seller Financing Available: No
Reason For Selling: Owns another business.