Terry Monroe

American Business Brokers

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AmericanBusinessBrokers.com


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120 E. Section St., Po Box 810
Effingham, Illinois 62401 (View Map)

About the Company

American Business Brokers is a full service brokerage company with a division that specializes in the sale and acquisition of Gas Stations and Convenience Stores. Having been both an operator and owner of these businesses, Terry Monroe and American Business Brokers can offer both buyer and seller the utmost service in their pursuit of selling or buying.

Broker Biography

Introduction

Terry Monroe
President, Chief Operating Officer
American Business Brokers

Terry Monroe has been in the business of establishing, operating, and selling businesses for more than 25 years. At American Business Brokers, he serves as a consultant for business buyers and sellers throughout the nation, while his knowledge and expertise in multi-store operations and sales has led to many multi-million dollar transactions. As an expert source in the convenience store industry, he writes a routine “Financial Insights” guest column for Convenience Store News and has been featured in CSP, CSP Independent, CS News Single Store Owner, NPN, and NACS magazines. Over the years, his in-depth knowledge of business enterprising, franchising, financing, and acquisitions have generated over 460 successful transactions.

As an owner of more than 33 different businesses including 10 different national franchises, Terry has a thorough understanding of business growth and enterprise management. As President and founder of American Business Brokers, Terry has positioned himself as an expert and a leader in the convenience store industry, offering broker and consulting services to business buyers and sellers. The company offers services to clients regarding valuations, mergers and acquisitions, business sales, and franchise opportunities.

Services Provided

For additional information about American Business Brokers and the buying or selling of a business contact us at Info@AmericanBusinessBrokers.com or for their convenience store division please visit www.ABBUnitedStates.com

Areas Served

  • St. Clair, IL
  • Professional Affiliations

    American Business Brokers is a member of the International Business Brokers Association, The Florida Business Brokers Association, The National Realtors Association and The American Business Brokers Network.

    Business For Sale Listings

    $119,000
    Peoria, IL 
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    Established Chiropractic & MessageTherapy Office

    Well established 50 yr Chiropractic & Massage Therapy practice w/o real estate. The office is located in a high traffic commercial/residential center in a mid size central Illinois community. Rent, all inclusive(utilities, internet, phone, NNN etc...) at $4000 per month. All interested parties will sign NDA. Contact Brian Barkley for further details. 

    $799,000
    Peoria, IL 
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    Premier Independant Central IL Paint Store

    Premier Independent Paint Store in Central Illinois. 2024 sales of $1.47M and on track to exceed $1.5M 2025. Very Favorable 5 yr lease to a new buyer at $4000 per month(approx.10,000 sq. ft.). Industrial Users, Contractors & General Public make up customer base. Walk-in & Delivery. Owner is retiring but will train and establish contacts w/ key customers. NDA to be signed by All interested parties. Contact Brian Barkley for further details. 

    $120,000
    Peoria, IL 
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    Mission Foods Tortilla Route

    This is a great route with huge opportunity to grow! It is located in the Peoria County area. The weekly sales are over $7,800 per week. This route is a money maker and your expenses are low for this route. The yearly owner’s benefit is about $65,000 to $70,000. You will have a protected territory. This route will require about 25-28 hours per week working 4 or 5 days. The seller will train you. Do not miss out on this route that generates over $375,000 in sales!!! Call Jeff Highfill. 

    $135,000
    East Peoria, IL 
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    Incredible Mission Tortillas Route

    This Mission Foods tortillias route is in the Tazewell County area. It is well established with great sales and limited expenses. This route averages $8,230 per week in sales. This route is profitable with an estimated owner’s benefit of $70,000 a year. You can pick up even more accounts in the area. This is the number one selling product and brand in the tortilla category. You can own your own business and the seller will train you on everything. DO NOT MISS THIS GREAT OPPORTUNITY FOR A ROUTE GENERATING OVER $425,000 IN SALES. Call Jeff Highfill seven days a week. 

    $649,000
    Peoria, IL 
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    Used Car Dealer and Automotive Repair

    USED CAR DEALER and AUTOMOTIVE SERVICE BUSINESS with REAL ESTATE. 6000 sq. ft concrete block building(4500 sq. ft. service bays and 1500 sq. ft. office/retail) w/ three(3)adjacent lots for used car inventory. Total sq. footage, including building, of 26,250 sq. ft.(.603 acres) in the heart of the city on a major road. 2024 sales of $1,215,200. Owner is retiring. Contact Brian Barkley for further details on this exciting opportunity! 

    $1,050,000
    Peoria Co., IL 
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    Outstanding Grocery Store with Building

    This grocery store is beautiful and is over 6000 sq. ft. The building, land, and all equipment is included. There have been a ton of updates to the property and equipment. This is a full line grocery store that offers fresh produce, canned goods, pre-made meals, frozen, seafood, meat, deli, paper goods, cleaners, and much more. You will love this clean grocery store. The store hours could be expanded. There are about 30 employees. 2024 SALES OF OVER $4,000,000. This store is a money maker. To learn more please contact Jeff until 10 PM at 309-208-9414. 

    $135,000
    Willowbrook, IL 
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    Laundromat - Outstanding Deal - Cheap Rent

    Are you ready for the perfect starter laundromat? This is it. This average size laundromat has over 50 washers and dryers. There are many other pieces of equipment such as laundry carts, coin changer, vending machines, security cameras, computer, and more. This place is open short hours and you could really expand them. There is a ton of parking. Drop off service sales could explode if you promote it. The owner will train you. Tax return revenue of about $100,000. This is a coin laundry and not the "card system." You will love all the apartments nearby. Contact Jeff Highfill seven days a week 

    $180,000
    Peoria, IL 
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    Restaurant & Bar - Limited Hours - Gaming

    This beautiful restaurant is a casual dining experience. It is about 2500 sq. ft. and the rent is cheap. There are gaming machines already there. With limited hours this place generates over $400,000 in sales. There are 7 employees. This place is very profitable. The buyer will receive over $90,000 in equipment, furniture, & fixtures. Training is also included. You have a huge opportunity to expand the hours at this place. DO NOT MISS THIS GREAT DEAL. Contact Jeff Highfill. 

    $365,000
    Kankakee Co., IL 
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    Grocery with Building - $200k Month Sales

    The 7000 sq. ft. building and the land is included in this deal. Monthly sales are $200,000 a month. This is a full line grocery store with meat, produce, frozen, grocery, paper goods, cleaners, etc. You can add cigarettes and tobacco. Beer & Liquor license available if you want to add alcohol. This store is an outstanding deal. There are 23 employees at this time. The store is open limited hours so they could be expanded. The owner just wants to retire. Contact Jeff Highfill seven days a week. 

    $549,000
    Rockford, IL 
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    Convenience Store - High Gaming with Building

    This 2800 sq. convenience store is well established. Store sales are over $600,000 a year. The gaming does over $8000 per month which is the the commission to the store. That is outstanding. There is a full beer, wine, and liquor department. You will love the walk-in beer cave. There are some deli sandwiches sold, also. This store has huge potential for the sales to be increased. Huge! This beautiful store is driving distance from Rockford, Illinois. Do not miss out on this one. 

    $150,000
    Peoria, IL 
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    Established Liquor Store - Peoria Area

    This is a well established liquor store near Peoria, Illinois. It has been around over 40 years. This store has been absentee owned for years. Gaming is approved and could be added. You could add lottery and EBT / LINK. There is a ton of space to add more items. It is about 3600 sq. ft. Located on a high traffic road for great visability. Yearly sales in the $600,000 range. This will sell fast. Call Jeff Highfill today at 309-208-9414 until 10 PM. 

    $630,000
    Illinois 
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    Dirt Racetrack - Over 25 Acres - Hot Deal

    Here is your rare opportunity to own your own racetrack. It is well established and has been around over 30 years. Seller will train you on the ins and outs of this business. Buyer receives over 25 acres of land, vehicles, tractors, concessions equipment, bleachers, and much more. Income is from races and other events held on the land. This is a 1/4 mile dirt track. This short track holds some major, high profile racing events. Total events in a year is 15-20. YOU WILL NOT FIND A DEAL LIKE THIS. Contact Jeff Highfill today. 

    $250,000
    East Peoria, IL 
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    Peoria Area Screen Printing Business

    This screen printing business has been around for years. The rent is cheap and it is in a great location. The Buyer will receive over $100,000 in equipment. The 2024 revenue was over $400,000. This is a money making business! All the different types of services will be discussed when you inquire. The equipment is in outstanding condition and you will love this place. Call Jeff Highfill today until 10 PM. 

    $585,000
    Champaign, IL 
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    Grocery with Building Near Champaign

    This grocery store is a great deal! This 13,000 sq. ft. grocery store comes with all the equipment and training by the seller for $585,000 plus inventory. The long term owner wants to retire. There are 12 dedicated employees that can work with the new owner. This is a great building with a new roof. This owner has had for over 20 years. 2024 sales of over $3,000,000 and that is with being open limited hours. This will sell fast. Call Jeff Highfill today until 10 PM. 

    $299,000
    Henderson Co., IL 
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    Profitable Grocery Store

    Profitable Grocery Store with full service grocery, meat, produce, frozen, deli, liquor, wine, beer add hardware departments. All assets, building and real estate included in the sale. Weekly avg. sales of $35k(yearly sales $1.85M). Inventory is approx. $200k at cost and is separate from the listing price. Seller to paid at closing for inventory. Call Brian Barkley for further information. CA/NDA to be signed by ALL interested buyers. *****Note: This store can be purchased individually or as part of a three(3) store package.***** 

    $349,000
    Henderson Co., IL 
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    Small Town Grocery & Hardware Store

    West Central Illinois Grocery/Hardware store. Excellent reputation in the community and surrounding area for their quality of products and customer service. Full grocery, meat, produce, frozen, deli, liquor, beer, wine and hardware departments. Sales avg. $40k per week($2.1M yearly sales). Inventory is approx. $225k at cost and is separate from the listing price. Call Brian Barkley for more details. CA/NDA to be signed by ALL interested parties. *****This store can be purchased separately or as part of a three(3) store package.****** 

    $419,000
    Louisa Co., IA 
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    Profitable Grocery & Hardware Store

    Profitable Grocery/Hardware Store, located in SW Iowa, doing $50k per week in Sales avg($2.5M yearly). Full service grocery, meat, produce, frozen, deli, liquor, wine, beer and hardware departments. All assets, building and land is included in the sale. Inventory is approx. $$500k at cost, separate from the listing price and to be paid to the Seller at closing. Call Brian Barkley for further details. Confidentially Agreement/NDA to be signed by ALL interested buyers. *****Note: this store can be purchased separately or as a three(3) store package.***** 

    $485,000
    Sangamon Co., IL 
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    Beautiful Grocery Store

    This 8000 sq. ft. grocery store is beautiful and comes with the building. Open very short hours, but generates over $1,200,000 in yearly sales. This is grocery store with meat, frozen, produce, alcohol, snacks, hot deli, and so much more. There are 14 employees. You will love this place. This is driving distance from Springfield, Illinois. 

    $45,000
    Peoria, IL 
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    Gaming Parlor

    This is your opportunity to have your own gaming parlor. It is located in Central Illinois. Rent is only $1200 a month. There is a small bar for customers who are not gaming. You could add food and smoke shop items. 

    $395,000
    Lee Co., IL 
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    C-Store - Just 45 Minutes from Aurura - Has Gaming

    This is a wonderful convenience store that has been around for many years. The building and land is included. Tons of inventory is included. The store does sell beer, wine, and liquor. There are gaming machines and they do very well. There is limited competition in the area for the number of people in the area. This store is open limited hours, but does over $1,000 a day. This is a fantastic opportunity! Located just 45 minutes from Elgin or Aurora Area. 

    $1,450,000
    Iowa 
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    Gas Station - Full Liquor - $120k month Inside

    This gas station located in Iowa near the Illinois border is high volume. It sells convenience store items along with beer, wine, and liquor. Monthly inside sales are around $120,000 per month. Gas gallons per month are around 30,000. This is a great store and sales could be even higher if you add hot food/deli and more frozen food. The pumps and tanks are new and costs over $400,000. There is a beautiful canopy and LED lighting. The store is over 2500 sq. ft. There are five dedicated employees. You will love this store. THIS IS A SUPER HOT DEAL. 

    $165,000
    Peoria, IL 
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    Established Bar - $50k Gaming Income

    This large Peoria bar is well established with dedicated employees. There is a full kitchen. Alcohol sales are over $150,000. Food sales are over $100,000. Gaming income is about $50,000 and other income around $40,000. This is a fun place with many revenue streams such as 18 POOL TABLES. There are pool leagues and dart leagues. It is on a high traffic road and there is plenty of parking. The rent is cheap ! This long term owner is ready to retire. There are tons of assets and you will see this is a great deal for $165,000. THERE IS HUGE GROWTH POTENTIAL! 

    $225,000
    Joliet, IL 
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    Well Established Bar - Gaming - Cheap Rent

    This well established bar is about 3800 sq. ft. It has been around for about 40 years. Very easy to operate since there is no food. It seats around 140 people. The large space allows you to have bands, parties, special events, & more. This place is open seven days a week and is ran by just 5 employees. Gaming over $5500 per month. Bar revenue averages about $180,000 a year. This place is very nice and you will just love it. Seller wants to retire and has owned this place for many years. Contact Jeff Highfill seven days a week at 309-208-9414 until 10 PM. 

    $4,300,000
    Illinois 
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    Illinois Dealership

    This Illinois dealership has been around for over 20 years. This is a well run business that is open limited hours. There are about 12 well trained employees between the sales, parts, and repair divisions. The rent is very cheap for over 10,000 sq. ft. of space. Yearly sales are over $10,000,000. Those sales include new sales, parts, and the service area. The price includes business, equipment, furniture, and training. The price does not include inventory. Yearly owner’s benefit averages about $1,400,000. Wow! That is amazing. Do not wait on this one of a kind business. Call Jeff Highfill today at 309-208-9414 until 10 PM. 

    $370,000
    Peoria, IL 
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    Barbeque Restaurant with Building - Hot Deal

    This 6000 sq. ft. restaurant is absolutely beautiful and the building and land is included. It is a typical American restaurant that focuses on barbecue with outstanding recipes. It has a very cool theme. It had over $550,000 is sales by being open just five days per week. That is amazing. There is gaming which is about $1200 a month cut for the business. The building is less than 20 years old. This is an outstanding opportunity. The catering for this business model could be huge. 

    $170,000
    Woodford Co., IL 
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    Beautiful Bowling Alley with Building - Gaming

    Have you always wanted to own your own bowling alley? Now is your chance. This place is an outstanding deal. It is only open about 25 hours a week. It is operated by the owner and one part-time employee. You could be open a ton more hours for more bowling revenue and more poker machine revenue. There is a brand new $25,000 roof. The lanes are in outstanding condition. The owner has had it over 30 years and just wants to retire. Contact Jeff Highfill at 309-208-9414 until 10 PM. 

    $349,000
    Effingham Co., IL 
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    Grocery Store with Building

    This is an outstanding 5000 sq. ft. grocery store that includes the building and land. It has had the same owner for years and he just wants to retire. There are many long term and dedicated employees. Yearly sales about $1,250,000. This store is profitable. This is a typical small town grocery store selling frozen, grocery, meat, alcohol, and much more. The seller will train the buyer. This is located less than one hour from the St. Louis suburbs. Call today because this is an outstanding deal. Jeff Highfill at 309-208-9414 until 10 PM. 

    $170,000
    Peoria, IL 
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    5,000 sq.ft. Bar - Gaming

    This bar is about 5000 sq. ft. and it is very nice. There is a full kitchen and it does serve food. There are limited food options near this bar/restaurant so there is huge potential. Gaming is over $6000 per month commission. There is a ton of space to have bands and entertainment. There are a few long term employees. Good selection on the menu. Tons of parking! The rent is for sure fair for the amount of space. Contact Jeff Highfill at 309-208-9414. 

    $735,000
    Cherry, IL 
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    Gas Station / Alcohol / Great Gaming

    This 1600 sq. ft. gas station looks great! The building is in outstanding condition and included in the deal. This place sells everything a gas station would have plus beer, wine, & liquor. Open short hours so you could expand the hours. There are new pumps and Ruby system. GAMING DOES OVER $14,000 PER MONTH FOR THE STORES COMMISSION. WOW!!! Contact Jeff Highfill seven days a week at 309-208-9414 until 10 PM. 

    $60,000
    Peoria, IL 
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    Peoria County Gaming Parlor

    OUTSTANDING PRICE OF JUST $60,000. Beautiful gaming parlor located in Peoria County. This place has been around for years! Super easy to operate and the seller will train you. There are four employees. The rent is cheap!!! There is plenty of parking for your customers. The gaming alone does over $6,200 per month for your commission. Contact Jeff Highfill seven days a week at 309-208-9414 until 10 PM. 

    $365,000
    Grundy Co., IL 
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    Convenience Store with Gaming

    This 5000 sq. ft. grocery store is well established. There is no other grocery store for a long distance. These long term owners are ready to retire. Yearly sales are over $500,000. This is a full line grocery store. It also sells beer, wine, and liquor. THERE ARE GAMING MACHINES AND THE MONTHLY COMMISSION IS ABOUT $3,800 IN YOUR POCKET. This is a good deal for the building, equipment, and business for $400,000. SELLER IS WILLING TO SELL JUST THE BUSINESS FOR $155,000 AS AN OPTION. Call Jeff Highfill today. 

    $349,000
    Peoria Co., IL 
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    Well Established Law Firm

    This is a very well established LAW FIRM located in the Tri-County Area (Woodford, Peoria, Tazewell Counties). If you are ready for your own firm this could be for you. Yearly revenue averages about $475,000 a year. This firm has a dedicated and well trained staff. The practice areas are Organizations Transactions, Entity Representations, Estates, Estate Planning, & Construction Litigation. The location is outstanding and the rent is cheap! The seller would stay on for a while for a very smooth transition. The seller has been in business a long time and just wants to retire. The seller is fine with a buyout or a merger. Contact Jeff Highfill seven days a week at 309-208-9414. 

    $395,000
    Peoria, IL 
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    High Volume Mexocan Restaurant

    This Mexican Restaurant is over 5,000 sq. ft. and is located in Central Illinois Area. It has been around for years and there are many long term employees that are very dedicated. This place is high volume and does over $1,900,000 a year. It is in a very highly populated area with tons of customers nearby. The kitchen is amazing and could handle even more volume. There have been many updates and you would be proud to own this beautiful place. THE RENT IS CHEAP. $395,000 is an outstanding price for this business and it includes all inventory, also. Contact Jeff Highfill seven days a week at 309-208-9414 until 10 PM. 

    $199,900
    Peoria, IL 
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    Incredible Business

    This is a very unique business. It comes with a large amount of assets. Yearly revenue is about $260,000. The absentee owner makes about $60,000. You could make over $100,000 a year if you work the business. It has long term employees that are well trained. Seller willing to teach you everything so you are successful. THERE IS VERY LITTLE COMPETITION !!!! Very hard to find a business like that. This is a great deal and you will love this fun business. Contact Jeff Highfill seven days a week at 309-208-9414 until 10 PM. 

    $700,000
    Tremont, IL 
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    Manufacturer and Marketer of Licensed Products

    High-quality specialty print manufacturer involving major entertainment companies thru licensing agreements. Superior innovative designers using cutting edge technology to create memorable products for their customers. This profitable company possesses twenty plus years of experience and success. The real estate(14000 sq. ft office/warehouse) can be purchased for $700,000 with the sale or a lease/base plus NNN/5yr. with options arranged with terms favorable to both parties. Inventory($300,000 at cost) is included in the sale and to be paid to the Seller at closing. SBA financing in place for a qualified buyer. Confidentially/Non Disclosure Agreement to be signed by ALL INTERESTED PARTIES. Contact Brian Barkley for further information on this exciting opportunity. 

    $80,000
    Peoria, IL 
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    Concealed Carry Instruction

    Here is you chance to own a concealed carry instruction business. It has been around for years with tons of graduates. Many come back for renewals. Very consistent revenue! You get an indoor range so you never have to cancel class because of rain, snow, wind, or heat waves. All fixtures, furniture, and supplies included in the deal. Training included in the deal. Contact Jeff Highfill at 309-208-9414. 

    $499,000
    Champaign, IL 
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    High Volume Grocery - Cheap Rent

    This 9000 sq. ft. grocery store sells produce, frozen, meat, grocery, alcohol, and so much more. You will not find rent that is such a great deal. Only $2000 a month! This store has many long term employees. The seller just wants to retire. The seller willing to train for up to four weeks. Yearly sales are over $3,000,000. This store shows profits of over $250,000. It is such a great deal. Contact Jeff Highfill seven days a week at 309-208-9414. 

    $375,000
    Kendall Co., IL 
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    High Volume Liquor Store

    This liquor store has been around for over 30 years. Sales are about $90,000 a month. The store could be open a lot more hours. The store is over 3000 sq. ft. There are four employees. The store has a very high inventory since they buy in quantity so you must have the funds for that. Rent is very cheap. The asking price includes the business, shelving, and equipment. The seller will train you. Contact Jeff Highfill at 309-208-9414 until 10 PM. 

    $1,399,000
    Benton Co., IA 
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    Well Established Meat Locker and Catering

    Well established central Iowa locker and catering business (real estate included-2 parcels). Sales for 2023 are over $1M and profitable. 2024 sales are trending to be over 2023. All assets and real estate are included in the sale. Interested parties may contact Brian Barkley (NDA to be filled out and signed) for further details. 

    $2,950,000
    McLean Co., IL 
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    Industrial Building Maintenance

    THIS IS AN OUTSTANDING DEAL. This is an amazing INDUSTRIAL BUILDING MAINTENANCE company that has been around for over 30 years. This company is a diverse company serving industrial, ag, and commercial customers. They do cleaning, power washing, painting, concrete repair, and other type of building maintenance. They also have customers that are food grade facilities, seed facilities, grain facilities, and farm buildings. The buyer will receive over $450,000 in equipment, over $750,000 in vehicles, and over $650,000 in real estate. There are about 15 well trained employees that are full time. Yearly revenue for 2022 was over $3,600,000 and 2023 was over $3,700,000. The seller is willing to sign an EMPLOYMENT AGREEMENT to stay for up to 24 months for a smooth transition. This is a very special business and the owner is an EXPERT in his field. Contact Jeff Highfill seven days a week at 309-208-9414. 

    $298,000
    Illinois 
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    Restaurant - $100k Per Month - Great Deal

    This SUPER HOT restaurant does over $100,000 per month. It is open limited hours!!! There is no alcohol served. The rent is very fair and the space is over 8000 sq. ft. Many staff members have been around 10 years or longer. This place has had the same owner for many, many years. The seller wants the buyer to have a smooth transition and is willing to train for an extended period of time. THIS IS A VERY RARE OPPORTUNITY TO OWN AN AMAZING BUSINESS. This is a profitable business. 

    $450,000
    Peoria Co., IL 
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    Nice Bar - Food $140,000 Gaming

    Profitable bar in Peoria County that is over 2500 sq. ft. Food is sold and there is a very nice kitchen. There is a very nice area for bands. There is a beautiful outdoor area. Plenty of parking for your customers! The yearly sales are around $400,000 for food and drinks. GAMING WAS OVER $140,000 FOR 2023. WOW ! There are about 10 well trained employees. The seller is an expert and can teach you this business. This is turn-key and there is nothing you have to do. Call today about this impressive bar....call Jeff Highfill at 309-208-9414 until 10 PM. 

    $625,000
    Rock Island Co., IL 
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    High Volume Grocery - $8.M Sales - Gaming

    THIS IS AN OUTSTANDING DEAL. Gaming over $12,000 per month. This 30,000 sq. ft. grocery store is very beautiful. The equipment is in outstanding condition. This store is on lease and has a fair rent for the size of the store. There are about 70 employees and many are long term employees. This store has full beer, wine, & liquor. It has a very nice deli. The gaming does huge revenue !!! The long term owner is ready to retire. 2022 sales were over $8,300,000. Contact Jeff Highfill at 309-208-9414 seven days a week. There was over $200,000 in new equipment put in this store in the last 12 months. THIS GREAT STORE WILL SELL FAST. This store is booming. Call now. 

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