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Leonidas Chocolate Cafe

Chicago, IL

Seller Financing Available

Asking Price:$155,000
Gross Revenue:$452,000
Rent:$7,800/Month
Established Year:2010
Cash Flow:$520,000
Inventory:$5,000
FF&E:$80,000
Listing ID: 2257677Listing provided by BizBuySell
BUSINESS DESCRIPTION

Branded Belgian Chocolate Cafe

Leonidas Chocolate Cafe sells Leonidas Belgian Chocolates and operates a French Breakfast Cafe with crepes, espresso, French pastries, and gelato in one of the busiest pedestrian streets in Chicago. Leonidas has over 1,000 chocolate shops (licensees) worldwide and is one of the most renowned high-quality chocolate providers). The new owner will also become a licensee of Leonidas chocolates brand, providing them a global branding and marketing support.

PLEASE DO NOT DISCUSS THE LISTING WITH EMPLOYEES BECAUSE OF POTENTIAL MISCOMMUNICATION. OUR EMPLOYEES HAVE THE OPTION TO WORK AT ANY OF OUR LEONIDAS CAFE LOCATIONS IN THE CHICAGO AREA AND ARE NOT IMPACTED BY THE TRANSACTION.

ATTACHED DOCUMENTS
Leonidas Chicago overview.pdf.pdf Download
DETAILED INFORMATION
Location
Chicago, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
700
Lease Expiration
31/03/2030
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The facilities comprise 700 sqft of store space that complies with Chicago restaurant requirements including ADA bathroom. The assets include French bistro-like furniture, and all kitchen equipment to make the menu items. Coffee equipment is owned by Illy Coffee USA.
Competition
Leonidas Chocolaterie is the only Belgian chocolate store in Chicago and there is only one other gourmet chocolate purveyor, Teuscher chocolate (Swiss). In addition, the French Cafe with Belgian Chocolates is a unique value proposition.
Growth & Expansion
Establishing additional similar stores.
Financing
Partial loan and supply credit.
Support & Training
The initial operational training will be provided up to 120 hours. The operating manuals and guides with menu recipes will be provided. We will also supply the store with chocolates and pastries, and provide access to the supplier base with negotiated prices.
Reason for Selling
Business model change from owner operated stores to licensee model
Franchise
This business is an established franchise
BUSINESS LOCATION
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