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Modern Bagel Shop & Deli For Sale

43/wk
Middlesex County, New Jersey, United States
Photos Website Map
Asking Price$99,000
Revenue$350,000 Established2012
Cash Flow$80,000 Employees3 full-time
FF&E$48,000* FranchiseNo
Inventory$3,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity to own this modern six-year young Bagel & Deli business in an active area with high volume traffic and lots of private parking. The sale is due to the owner’s relocation and the price has been set aggressively with owner financing available. This 1,200 square foot Bagel & Deli business is in an active area of Middlesex County, NJ. This profitable seven-day business operation produces a consistent gross weekly income of $6,300 and a dependable net income to the owner operator. This Bagel shop has fresh quality products with a fully equipped commercial high production kitchen. Based on the asking price, required down payment and net income this business is expected to continue to supply a solid return on investment to the owner operator prior to debt service. This is an excellent safe business opportunity. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses. This company has three full and part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $5,333. The business has an assignable commercial lease which expires 2019, plus additional options, with a monthly rent of $1,400, cost per square foot is estimated at $14.00 and rent security of approximately $2,600. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,200 square feet and has an estimated capacity for twelve customers. This bagel deli business fixed assets has an estimated value of approximately $48,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped bagel shop which includes a commercial kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private and municipal parking on site as part of the commercial lease. This successful bagel deli business operation is active seven days per week, with hours from 6:00 am to 3:00 pm. This recent business transaction includes all required documentation including a certificate of occupancy, food handlers license from the local municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is $335,000 and the business has a yearly net income of approximately $80,000 based on an onsite owner operator and prior to any debt service. The business has been valued / priced at $99,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This successful retail facility which consist of approximately 1,200 square feet with a clean and attractive appearance does not require any upgrades. The business is on an active commercial avenue. conveniently located. This opportunity is in Northern New Jersey, Middlesex County, which consists of various highly populated communities with continued demand for this industry.
Competition:Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.
Training/Support:If required the seller owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Can be available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the owner is relocating out of the state of New Jersey.
Ad #102783
Seller Reference #BGL226
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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