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Asking Price$250,000
Revenue$465,000 Established1975
Cash Flow$90,000 Employees4 full-time
FF&E$125,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Best location for this 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 is 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. 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.
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 to qualified buyers.
Sale Reason:This sale is due to owner retiring after many years of success.
Ad #91460
Seller Reference #BGL200
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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