Two Well Established Popular Mall Locations
Orland Park & Chicago Ridge, IL
Asking Price: $118,000
Gross Sales: $(Asset Sale)
Net Operating Income: $(Asset Sale)
Monthly Rent: $$5,381 & $5,741
Lease Expiration: 12/2021 & 12/2028
Options: (Contact For)
Year Established: 2010
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 at Chicago Ridge Mall 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 operations - counter service. Well-established locations over 11 & 46 years (with a new build-out in the food court 3 years!) Both currently absentee run - lots more potential with some promotion within the malls.

Asset sales - limited financials.

Feel free to stop by the locations 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:

Orland Park - Prime retail space in Orland Square Mall, the largest mall in the Chicago Southland, the south and southwest suburbs of Chicago, covering an area of 1,230,171 sqft.

Anchored by JCPenny, Macy’s and Von Maur, plus 150 shops of the latest in fashion, jewelry, cosmetics and more. Includes top name brands such as Apple, H&M, Coach, Pandora, Dry Goods, Bath & Body Works, LUSH, MAC, Sephora, Pottery Barn and Williams Sonoma among others. Plus, an interactive play area, Lego Store, Dave & Busters and PACMAN Entertainment Zone. Also expected in 2022, an AMC 10 Theater, 24/7 Fitness Center, as well as several exciting new retailers and restaurants.

The “go-to” family shopping, dining and community destination in the Chicago southwest suburbs. The mall has been a hub for commercial activity and development, driving dramatic growth in the surrounding area for the past 20 years. Perfectly situated in beautiful Orland Park, it serves as a major retail destination for the communities of Orland Park, Frankfort, Homer Glen, Mokena, New Lenox, Oak Forest, Orland Hills and Tinley Park.

Chicago Ridge Mall - 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:

Orland Park - Leased space $5,381/mth gross. Current lease expires in Dec 2021. Chicago Ridge Mall - Leased space $5,741/mth gross. Current lease expires in Dec 2028. Square Feet: 1,328 (656 + 672). Seating: Mall Seating & Food Court Seating. Days/Hrs of Operation: Mo-Sa 11a-7p & Su 12n-6p. Owners Role: Absentee owner.

Number of Employees: 10-12
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: $6,000 ($3,000 Each - 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.