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Asking Price$250,000
Revenue$465,000 Established1975
Cash Flow$92,488 Employees4 full-time
FF&E$125,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent Bagel & Deli with Lotto opportunity, seller is retiring after many successful years located in Bergen County, New Jersey and located in an urban commercial area. This business is located on a busy state highway, Route 46 with a huge volume of drive by traffic. The business produces yearly sales of $465,000 and a solid consistent net income to the owner operator. The facility has all necessary equipment and in appropriate working condition. The facility which is 1,650 square feet has a large walk up counter and a commercial kitchen capable of high volume production. The partners who are now at retirement age will supply a training / transitional period to the purchaser. This is an excellent business opportunity and visiting the business facility will require an appointment. Employees will remain and are unaware of the pending sale. The sale includes a commercial kitchen, various refrigeration & freezer units, commercial oven, mixers, bagel oven, cash register, and numerous displays including various equipment required for this particular industry. The building has a legal capacity for 25 customers consisting of 1,650 square feet. This retail business requires four employees who are unaware of the pending sale and expected to remain post-closing, monthly payroll approximately $8,000. This business location has substantial private parking on the site as part of the lease. The business is operational seven days weekly with hours from 6:00 am to 5:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required city licenses to conduct its day to day business. The sale includes a commercial lease expiring 12/1/2020 plus additional options, with a monthly rent of $4,347, rent security of $5,000. Based on the asking price, required down payment and net income this business should supply a consistent return to the owner operator prior to debt service. The business gross yearly income is $465,000 and a yearly net income of $92,488 prior to debt service with onsite ownership. The business has been valued at $250,000 based on the multiple of the net yearly income and the assets, also seller financing has been preliminary approved to qualified buyer. 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:The facility consists of 1,650 square feet with a seating capacity for 18 customers. The business has a large walk up counter designed for fast food service and a commercial kitchen fully equipped for high volume production. This bagel deli is located in Bergen County, New Jersey on an active state highway with very high traffic volume. This commercial area has a large volume of businesses which attract numerous daily workers and shoppers.
Competition:No other Bagel Deli businesses are in the general area of this business location and the seller has agreed to supply a long term non compete agreement to the new operator.
Growth Potential:The business has no marketing or web site, no deliver and no wholesale service, if corrected can further improve the business day to day income.
Training/Support:The seller will remain post-closing and supply an appropriate transitional period.
Seller Financing:Seller financing is available w/ $100k down.
Sale Reason:This sale is due to owner retiring after many years of success.
Ad #80991
Seller Reference #BGL186
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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