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Popular Bagel Deli Café For Sale

84/wk
Bergen County, New Jersey, United States
Photos Website Map
Asking Price$225,000
Revenue$447,988 Established2006
Cash Flow$73,837 Employees4 full-time
FF&E$180,000* FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Popular successful Bagel deli business now available due to owner’s relocation out of the immediate area. This well-known breakfast lunch bagel café is known for its wonderful foods and pleasant services. At this bagel breakfast / lunch Cafe business, they proudly serve up a fresh & healthy blend of American cuisine. Their customers can choose from their full line of breakfast items, sandwiches, salads, soups, wraps and burgers featuring their own custom blend of specials. They also offer Online services and will deliver right to your home or office and their customers can make use of their advance order feature to ensure that your food is delivered exactly when you want it. This industry does not require government licensing approval to purchase or operate. This company has four full time employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $13,300. The business has an assignable commercial lease which expires 2037-01-01 plus additional options, with a monthly rent of $5,642, cost per square foot is estimated at $37.66 and rent security of approximately $20,000. The business is in a modern commercial mall, on an active county road, consists of approximately 1,900 square feet and has an estimated capacity for fifty-five customers. The business fixed assets has an estimated value of approximately $180,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped Bagel Café lunch business which includes a full commercial kitchen, refrigeration & freezer units, POS system, website, displays, shelving, tables, 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 mall parking on site as part of the commercial lease. This successful Bagel Café business operation is active seven days per week, with hours from 6:00 am to 5:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is $447,988 Plus undisclosed income and the business has a yearly net income of approximately $73,837 based on a semi absentee owner operator and prior to any debt service. This is a wonderful business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return to the owner operator prior to debt service. The business has been valued at $225,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely 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 café bagel business consists of 1,900 square feet and has a modern and attractive appearance. The business is in highly active mid-size commercial mall with various other successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of various highly populated communities with continued demand for this industry.
Competition:Competitors presently exist in the industry and 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, basic poor web site and limited delivery service, if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Seller Financing:May be available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the owner is semi absentee and relocated out of the immediate area.
Ad #102971
Seller Reference #DELI264
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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