Read the lease before anything else
Remaining term, renewal options, rent escalations, and assignment rights can make or break a retail deal. A great store with a weak or non-transferable lease is a problem you inherit.
retail business for Sale in Illinois
Similar businesses sell at 1.3x to 5.0x SDE. Compare live listings and connect with sellers.
11 results
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Convenience Stores
Liquor Stores
Convenience Stores
Liquor Stores
Long-Established Neighborhood Liquor, Tobacco & Convenience Store!
Chicago, Cook County, Illinois, United States
Chicago, Cook County, IL, US
Long-Established Neighborhood Liquor, Tobacco & Convenience Store High-Traffic Chicago Corridor - Turnkey! "Freestanding Building On One Of Chicago's Major N-S Arterial Roads Carrying Substantial Daily Traffic" A great opportunity to acquire a long-established neighborhood liquor, tobacco and convenience store located on one of Chicago's busiest commercial corridors. Situated on a highly visible corridor with exceptional frontage and strong daily traffic counts, this turnkey operation has become a trusted destination for local residents and commuters alike. The business holds multiple valuable licenses supporting the sale of packaged alcohol, tobacco products, lottery tickets and retail food items, subject to applicable governmental approvals and licensing requirements. Five Licenses Included - City of Chicago Package Goods - allows sale of packaged alcoholic beverages for off-premises consumption - Tobacco License - allows sale of tobacco and flavored tobacco products - IL Tobacco Retailer - allows sale of cigarettes & tobacco products - IL Lottery - allows the business to sell Illinois Lottery tickets - Retail Food Establishment - allows retail sale of perishable foods Its retail space is efficiently designed with a spacious sales floor, fully equipped point-of-sale area, dedicated tobacco counter and a large walk-in cooler capable of supporting an extensive inventory of beer, beverages and other high-demand products. In addition, the business benefits from supplemental revenue generated through legal skill gaming machines and other ancillary sales channels. This is a true turnkey acquisition. The sale includes all furniture, fixtures, equipment, displays, refrigeration, shelving, point-of-sale systems and business assets necessary for a seamless transition. And a substantial inventory will be transferred at cost, allowing a buyer to take over operations without the expense and logistical challenges of stocking a new location from scratch. Business Highlights - Established independent neighborhood liquor, tobacco and convenience store - Large walk-in cooler and extensive display fixtures - Additional income generated through skill gaming and ancillary revenue streams. - Turnkey operation with FF&E and licenses included - Fully stocked - substantial inventory available at cost - Attractive long-term lease with below-market rent through 2034 - Exclusive use clause protecting against competing liquor or tobacco tenants in the property Ideal for an owner-operator, family business or experienced convenience store investor seeking a stable, cash-flowing operation with a strong foundation and long-term growth opportunities. A sought-after combination of proven sales, favorable occupancy costs and a highly desirable urban retail location. Prime retail space in a freestanding building on one of Chicago's major north-south arterial roads carrying substantial daily traffic. Its highly visible location offers excellent signage opportunities, convenient customer access and outstanding street presence, all contributing to consistent year-round business activity. Ideally located within a densely populated urban neighborhood, the store enjoys a diverse customer base consisting of nearby residents, local workers and daily commuter traffic. Location Highlights - Strong walk-in and drive-by customer base - Dense residential neighborhoods - Proximity to public transportation and CTA bus routes - Surrounded by a mix of independent retailers, service businesses, restaurants and neighborhood commercial uses Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Ted Theodosiadis at [email protected] or call 847-910-4657 for more information. Showings by appointment only outside of business hours.
$200,000
$523,286Revenue
-Cash Flow
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Convenience Stores
Liquor Stores
Convenience Stores
Liquor Stores
Well-Established Convenient Food & Liquor Store McHenry, IL-20 Years!
McHenry, McHenry County, Illinois, United States
McHenry, McHenry County, IL, US
Well-Established Convenient Food & Liquor Store McHenry, IL - Over 20 Years! "In A Busy Strip Center Along With Other Popular Tenants Just Off A Major Thoroughfare In The Heart Of McHenry" A neighborhood staple for over 20 years, this well-established business offers a strong mix of liquor, beer, wine, tobacco products and grocery essentials, plus lottery sales. Multiple high-frequency revenue streams under one roof! Product & Revenue Mix Full selection of spirits, beer and wine Tobacco and related products Convenience grocery items (snacks, beverages, staple goods) Lottery sales driving steady foot traffic Complementary impulse-buy merchandise positioned for high-margin add-ons Independent - no royalty, advertising or transfer fees. Asset sale - all furniture, fixtures and equipment (FF&E) included. Ready for a new owner to step in and operate under its established name or rebrand. Prime retail space in a busy strip center along with other popular tenants just off a major thoroughfare in the heart of McHenry. Boasts great signage, easy access and ample parking. Strategically positioned within a high-traffic pocket of McHenry, this location benefits from a powerful blend of daily-use demand drivers that fuel consistent, repeat business throughout the day. The surrounding area is anchored by a nearby hospital, a strong automotive corridor filled with dealerships and service centers and a local high school, collectively generating steady flow from employees, visitors and students. Also, surrounded by dense residential neighborhoods providing a loyal, built-in customer base, while proximity to key commuter routes capture strong morning and evening traffic. Plus, additional support from nearby retail centers, service businesses, recreational amenities and local parks further enhances foot traffic and dwell time in the area. This well-rounded mix of healthcare, education, retail and residential drivers positions the business for reliable, high-frequency customer visits - ideal for a convenience and liquor operation such as this! Feel free to stop by the location as a customer first. This is a HIGHLY confidential listing, DO NOT talk to any owners, employees or patrons. If interested, please email Pat Mahoney at [email protected] or call 847-208-9569 for more information. Showings by appointment only outside of business hours. Listed By Pat Mahoney at EatZ & Associates
$20,000
-Revenue
-Cash Flow
Health Food & Nutrition
Health Food & Nutrition
Holistic Supplement Store in SW Cook County
Cook County, Illinois, United States
Cook County, IL, US
This is a well-established, independent (non-franchise) holistic vitamin and supplement store that has been serving the community for over a decade. The business has built a strong local presence through its personalized approach and carefully curated selection of high-quality products. The business generates stable and consistent revenue supported by a loyal customer base and repeat business. A significant portion of new clients comes through referrals, reflecting the reputation that developed over time. Revenue is primarily comes from retail supplement sales, along with select services such as biofeedback assessments, naturopathy, and personalized supplement guidance. The product mix focuses on quality, with an emphasis on reputable brands and clean ingredients. The current owner is not involved in day-to-day operations. She focuses on oversight, strategy, and continued growth, while the existing team handles daily activities and customer care. There is additional space in the back of the location that offers room to expand into additional wellness services such as hydrogen therapy, oxygen therapy, IV treatments, or similar offerings. This presents a clear path for growth for a new owner looking to build on the existing foundation, along with opportunities to strengthen marketing, expand online sales, and introduce new product lines or services. This is a solid opportunity for someone interested in the wellness space who wants to step into an established, stable business and continue growing it. No special or medical license is required.
$250,000
$226,411Revenue
$72,141Cash Flow
Delis & Sandwich Shops
Grocery Stores & Supermarkets
+1
Delis & Sandwich Shops
+2
European Subs, Grocery & Catering Business
Lake County, Illinois, United States
Lake County, IL, US
Established European grocery store and deli offering authentic imported foods, freshly made sandwiches, homemade soups, desserts, specialty grocery items, and unique gift products in a welcoming neighborhood setting. The business has built a loyal customer base from both local residents and customers specifically seeking authentic Eastern European and Balkan offerings. In addition to in-store sales, the business also generates revenue through catering services and online orders. The sandwich and prepared food side of the business has become a major driver of customer traffic and repeat business. Freshly made hot and cold sandwiches, paninis, pierogi, homemade soups, and desserts continue to be customer favorites, often bringing customers into the store who then shop the grocery and specialty product aisles during their visit. The store has developed a strong local reputation through quality food, personalized customer service, and a warm, community-oriented atmosphere. The specialty grocery and prepared foods industry continues to see growing demand as consumers increasingly seek authentic international products, homemade meal options, and locally owned businesses. One of the strongest growth opportunities for a new owner is expanding the catering side of the operation, particularly corporate sandwich trays, office lunches, and catering orders for local businesses, schools, and events. This opportunity would be well suited for an owner-operator, family business, chef, caterer, or entrepreneur looking for an established specialty food operation with an existing reputation and loyal customer base. The owner remains actively involved in overseeing operations and is pursuing the sale in order to spend more time with family.
$220,000
$345,870Revenue
$20,295Cash Flow
Gas Stations
Convenience Stores
Gas Stations
Convenience Stores
IL Corporate C-Store w/ Gas $85K Inside Sales with Real Estate
Bureau County, Illinois, United States
Bureau County, IL, US
Profitable Small Town Gas Station & Convenience Store – No Fuel Competition Turnkey corporate convenience store and gas station located on a corner lot in a small rural Illinois town. This 1,944 sq. ft. brick building (built in 1998) sits on 0.35 acres and benefits from strong local demand with no nearby fuel competition. The business generates over $1.05M in inside sales (excluding lottery). The store operates daily from 5am–10pm and holds a full liquor license (beer, wine, and spirits), providing multiple revenue streams. Possible opportunity to add video gaming here. The site includes 2 MPDs with Gilbarco Encore pumps and double-wall fiberglass tanks (10,000 gallons each). Ownership is fee simple with no deed restrictions, offering flexibility for operators or investors. No fuel supply agreement in place so you are free to choose your own supplier. Highlights: $1M+ inside sales No fuel competition in the area Full liquor license Fee simple real estate included Strong rural location with steady customer base and good margins Ideal for an owner-operator or investor looking for a stable, cash-flowing asset with upside potential.
$1,100,000
-Revenue
-Cash Flow
Other Restaurants & Food
Other Retail
Other Restaurants & Food
+1
Long Standing Profitable Meat Market and Specialty Food Shop
Illinois, United States
IL, US
This long-standing, family-owned business has been operating successfully for 50 years, spanning three generations of ownership. It has grown significantly over the decades, offering an expanded range of products and services while maintaining its reputation for old-fashioned customer care. The business has earned the loyalty of its customer base, built on trust, high-quality service, and commitment to the local community. This is an excellent opportunity for someone looking to step into a well-established, thriving business with a rich history and a strong community presence. With the room for expansion, there is are many opportunities for growth. Real estate potentially available for interested buyers.
$335,000
-Revenue
-Cash Flow
Gas Stations
Convenience Stores
Liquor Stores
Gas Stations
Convenience Stores
+1
Liquor, Wine & Beer Store For Sale
Sangamon County, Illinois, United States
Sangamon County, IL, US
Liquor, Wine & Beer Store for Sale – Sangamon County, IL Thriving Retail Business | $750K Average Annual Sales | Tasting License Included Here’s your opportunity to own a well-established and profitable liquor located in Sangamon County, Illinois. With a loyal customer base, a curated wine selection, and strong three year average annual revenue of $750,000, this turnkey business is ideal for a savvy retail entrepreneur. Highlights: • Diverse Inventory: Specializing in fine wines, spirits, and craft beer selections • Tasting License: Fully approved for on-site tastings — an excellent driver of repeat traffic • Strong Local Presence: High-traffic location with repeat customers and excellent reputation • Growth Potential: Expand into delivery, events, or curated clubs • Inventory & Fixtures Included: Sale includes all displays, POS systems, and coolers Reason for Sale: Owner is pursuing retirement/relocation — motivated to find the right buyer to continue the legacy. Easy operation, no late nights. Open 9 hours a day.
$250,000
-Revenue
-Cash Flow
Clothing & Accessory Stores
Jewelry Stores
Clothing & Accessory Stores
+1
Fashion Boutique for Women's Clothing with $200k+ annual sales
Illinois, United States
IL, US
Upscale Boutique Featuring Contemporary Women's Fashion, serving clients within a 100 mile radius. This retail space has been lovingly built out to provide a relaxed atmosphere for customers. Owners must sell for personal reasons. The value lies in the attention to detail in build out of space and value of establishing a franchise boutique. Plentiful free parking and accessible to affluent South Suburbs.
$100,000
$233,900Revenue
-Cash Flow
Other Retail
Other Retail
Established Equestrian Store Price to Sell!
Illinois, United States
IL, US
Conveniently located steps away from I-355, this long-standing equestrian retail store has been a cornerstone of the equestrian community for nearly three decades. Catering to an elite niche market, the store boasts a vast inventory valued at over $200,000. In addition to a brick-and-mortar presence, this business offers significant potential for online sales expansion. With a reputation for excellence and a loyal customer base, this business is priced to sell as owner seeks to retire. Seller will assist new owner during the transition. This is a rare opportunity to own a well-established business with a strong market presence and substantial growth potential.
$250,000
$717,263Revenue
$85,584Cash Flow
Casinos
Convenience Stores
Other Entertainment & Recreation
Casinos
Convenience Stores
+1
Video Gaming Parlor & Convenience Store in Central IL
Woodford County, Illinois, United States
Woodford County, IL, US
1,250 sq ft building which houses a convenience store doing approx $700k in c-store sales per year and Video Gaming Machines which generate a net revenue of $83k per year. No fuel at this location. Has liquor license. Open from 6am to 10pm. Great owner operator opportunity.
$325,000
-Revenue
-Cash Flow
Market Snapshot
National transaction benchmarks for retail business businesses.
Under $500K
Median revenue$466k
Median cash flow$87k
Median sale price$157k
Multiple range1.3x - 2.6x
$500K to $2M
Median revenue$1.75m
Median cash flow$304k
Median sale price$750k
Multiple range2.1x - 3.3x
Over $2M
Median revenue$4.85m
Median cash flow$929k
Median sale price$4.35m
Multiple range3.4x - 5.0x
A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.
What to know about retail business acquisitions
GW
Cofounder & CEO
Key diligence, valuation, financing, and transition considerations for buyers evaluating retail business acquisitions.
Value the inventory carefully
Establish what inventory is included, how it is valued, and how much is dead or seasonal stock. Inventory is often a large and negotiable part of the price.
Verify sales and margins at the register
Reconcile point-of-sale data against bank deposits and tax returns. Understand gross margin by category and how discounting affects it.
Assess foot traffic and the trade area
Location quality, nearby anchors, and parking drive walk-in revenue. Visit at different times and check that the trade area still supports the business.
Map supplier terms and concentration
Exclusive brands, supplier credit, and minimum order sizes affect both margin and risk. Make sure those relationships transfer to a new owner.
Clarify owner and staff roles
Owner-run stores often lean on the owner relationships and hours. Understand staffing, turnover, and what it costs to operate without the seller.
Frequently Asked Questions
Answers to common buyer questions for this market.
Yes, you can use a SBA loan to buy a retail business. Inventory and steady cash flow help, and qualification depends on clean financials, verifiable returns, and a seller who meets program requirements on the business side.