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Asking Price$75,000
Revenue$309,000 Established1990
Cash Flow$45,500 Employees4 full-time
FF&E$75,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity for this Deli Bagel Café business located in Northern New Jersey in the County of Passaic. The company has a gross income of $309,000 and a yearly net income of $45,500. The business offers an excellent menu of quality foods, does not produce the bagels which is obtained from a wholesale bakery. The company is on an active commercial avenue serving various communities in the general area. The products severed are the best quality and the business has a wonderful reputation. The business has a consistent yearly gross income which can be further developed with an onsite owner operator. The business offers a wide variety of breakfast and lunch special to its loyal customers. This is a dependable business opportunity for a motivated buyer and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This food industry does not require government agency approval to purchase or operate. This retail facility which consist of 1,465 square feet with an attractive modern appearance. The business is in a mid-size commercial 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. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,100. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $2,000 and rent security $3,000. The business is located in an active commercial facility which consists of 1,465 square feet has a capacity for approximately twenty customers. The business assets have an estimated value of $95,000 which is based on the past year corporate tax returns. The sale consists of a fully equipped deli which includes a full commercial kitchen, 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. 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. The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator. Also if required the seller will supply additional training at a fair cost to the purchaser. The owner is absentee with corporate ownership. The business presently has a limited marketing plan, basic web site, poor catering and if improved can further develop the business bottom line net income. 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. The 2015 yearly gross income is $309,000 and the business has a yearly net income of $45,500 based on an onsite owner operator and prior to debt service. The business has been valued at $75,000 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 consists of 1,465 square feet with an attractive modern appearance. The business is in a mid-size commercial 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 limited marketing plan, basic website, poor catering and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator. Also if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Absentee ownership.
Ad #86958
Seller Reference #BGL188
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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