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Asking Price$699,000
Revenue$1,084,984 Established1980
Cash Flow$271,542 Employees10 full, 1 part
FF&E$450,000 FranchiseNo
Inventory$5,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Long Established Bagel Retailer/Wholesaler in a densely populated business and residential section of Brooklyn has been under the same ownership since 1974. Its secret bagel and bialy recipe keeps bringing in new and old customers alike. It grosses $78.5K/mo in-store retail and $12K/mo wholesale, which is distributed by one full-time driver. The owner nets $270K/year without doing any catering deliveries at all and he's only just begun to accept internet & phone delivery orders. Open from 5am to 1am, 7days a week, this famed establishment runs mostly absentee with 2 loyal managers, 7 in-store full-time employees, and one part-time grill guy. Should you decide to be hands-on and replace one of the managers, you can put even more in your pocket. You will find 2,000 square feet at street level and another 1,500 in the basement, which contains $450K in fixtures, furniture and equipment (see photos). The look and feel of the front-end could use some updating and still stay authentic! Deals like this don't come along that often, so please obtain the address at www.vestedbb.com for listing 30073 and then discreetly visit the store as if you were a customer. Please do not mention to anyone that it is for sale. Then, kindly contact listing broker Jay Goldman for an appointment to meet with the owner to find out more and get a full tour of the facilities. Please call 1-877-735-5224 for further information.
Seller Financing:599,000.00 Down & $100,000 over 24 months at 6%
Sale Reason:retiring
Ad #101667
Seller Reference #30073
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