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Bagel Deli / Cafe - Business For Sale

Passaic County, New Jersey, United States
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Asking Price$635,000
Revenue$823,382 Established1998
Cash Flow$174,113 Employees7 full-time
FF&E$220,000* FranchiseNo
Inventory$8,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner retiring for this high volume bagel deli business located in Northern New Jersey with gross sales of $823,382 and a net yearly income of $174,113. The business has existed for many years with an excellent reputation and can be further improved with an onsite owner operator. The business assets have an estimated value of $230,000 which is based on the past year corporate tax returns. The sale consists of a fully equipped bagel deli business which includes a full commercial kitchen, ovens, mixers, refrigeration & freezer units, POS system, 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. This particular business has seven full and part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll of $12,000. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $5,700 all in, and rent security $6,000. The business is located in a commercial mall and has a capacity for approximately twenty-five customers. The facility has appropriate private mall parking on site as part of the commercial lease. The company is active seven days per week, with hours from 6:00 am to 3:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city food licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 29% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $823,382 and the business has a yearly net income of $174,113 based on an onsite owner operator and prior to debt service. Inventory of approximately $5,000 is including in this transaction. The business has been valued at $635,000, based on a multiple of the average net yearly income which includes the value of the specific business assets and seller financing has been 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 retail facility which consist of approximately 2,300 square feet has a clean attractive professional appearance. The business is in a mid-size mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Passaic County, which consists of various affluent communities with continued demand for this particular industry.
Competition:To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a basic marketing plan & web site, catering can be further developed and if improved can further develop the business bottom line net income.
Training/Support:The owner seller is absentee however he will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is absentee and retired from the retail industry.
Ad #86432
Seller Reference #BGL187
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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