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Bagel & Deli For Sale in Active Mall

350
Bergen County, New Jersey, United States
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Asking Price$175,000
Revenue$380,000 Established1998
Cash Flow$70,000 Employees5 full-time
FF&E$75,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Long established bagel and deli business in a densely populated urban area of Bergen County, NJ. The current owner is retiring after many successful years. This well-known business is centrally located in a highly active commercial mall with a national food chain anchor with substantial mall parking. The location is just a few miles from Giants Stadium and services a large volume of daily shoppers and workers. This sale includes a commercial kitchen and fully equipped for high volume production with a seating capacity for ten customers. The bagels are water cooked and hand rolled for excellent taste and quality and an excellent reputation throughout the area. This business can be further developed with additional marketing and improved catering service for an increased income. The business fixed assets has an estimated value of approximately $75,000 which is based on replacement cost and the sale consists of a fully equipped commercial retail bagel deli store, which includes kitchen, prep area, ovens, mixes, displays, shelving, POS system, tables, computers, software 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. This business has five employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $6,650. The building has a capacity for ten customers on one main floor with no basement. The sale includes substantial private mall parking as part of the lease agreement. The business is operational seven days per week from 5am-5pm. The sale includes a municipal certificate of occupancy and the appropriate city license which allows retail food sales. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,070, cost per square foot is $28.72 and rent security $8,000. The business produces yearly gross sales of $380,000 and a net income of $70,000 based on an owner operator and prior to debt service. The business has been valued at $175 ,000 based on a multiple of the net yearly income including the value of the specific business assets. This is a must-see opportunity, and based on the asking price, required down payment and yearly net income, this business expects to supply a 30% investment return to the owner operator. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This mall services a huge volume of shopper’s due to the active super market and various businesses at this location. There is also a high volume of industry and residents in the general area which requires this food service. The facility consists of 1,350 square feet with seating for ten customers. The business facility has a fully equipped commercial kitchen with a wonderful image.
Competition:No other Bagel Deli businesses are in the immediate area of this facility and the seller will supply a five year, five miles non-compete agreement to purchaser.
Growth Potential:With a web site and additional marketing to increase delivery & catering the business can be further developed and improved.
Training/Support:The seller will supply a full training period and remain post closing for 30 days.
Sale Reason:The owner is retiring after many successful years in this industry.
Ad #102964
Seller Reference #BGL228
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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