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Asking Price$469,000
Revenue$711,000 Established2005
Cash Flow$207,764 Employees3 full, 5 part
FF&E$150,000* FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
High Volume Bagel Store and Cafe right off of the LIE in a major shopping center with several big box anchor tenants. This is the only bagel store within 3 miles. It is very close to a huge shopping plaza. This store was originally opened 9 1/2 years ago and still has the same original owners. Bagel dough is brought in from outside and cooked in their rack oven. There is seating for 24 in a spacious 2,000 sq. ft. store with 10.5 years remaining on the lease and only 3% rent increases. This storefront has very high ceilings and feels much bigger than it is. It must be seen to be appreciated. The parking lot can hold over 300 cars. In 2014, this business grossed approx. $750,000.00 with a Net of approx. $150,000.00. THE SELLER CAN GUARANTEE A NET OF $150K. The kitchen is spotless. There is limited delivery and no wholesale. Hours can be extended. We are looking for serious buyers only! The ideal candidate must have some bagel or deli experience and at least $350K - $400K in liquid capital for a downpayment, working capital, deposits, etc. You MUST have good credit for landlord approval! Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Training/Support:The seller will train the new owner.
Seller Financing:$350,000.00 Down and $120,000 over terms TBD
Sale Reason:Partnership Dispute
Ad #72596
Seller Reference #23513
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Melvin L. Vaz
1-877-735-5224
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