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Modern Bagel Shop For Sale

20/wk
Morris County, New Jersey, United States
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Asking Price$159,900
Revenue$375,000 Established2014
Cash Flow$56,900 Employees4 full-time
FF&E$170,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Excellent business opportunity to own this popular bagel and deli business which offers delicious food, takeout and delivery service to its many customers. The company has a consistent gross yearly income of $375,000 and a dependable net income to the owner operator. The business has a wonderful reputation for its outstanding Bagel cuisine, excellent service and friendly staff. They offer a full menu of bagels for breakfast and lunch using high quality fresh ingredients. This industry does not require government licensing approval to purchase or operate other than the required municipal health license. This company has four employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll cost is approximately $8,000. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $3,900, rent security of $5,000, consists of approximately 1,800 square feet and has an estimated capacity for thirty customers. The business fixed assets has an estimated value of approximately $170,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial retail bagel shop. The sale includes displays, shelving, kitchen, refrigeration & freezer units, POS system, tables, computers, software 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. This successful retail bagel business operation is active seven days per week, with hours from 6:00 am to 4:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. We are confident you will find this sale as a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.
Facilities:This opportunity is in Northern New Jersey, Morris County, located on an active county road and in a very popular commercial mall. This retail facility which consist of 1,800 square feet has a modern professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses.
Competition:To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, no web site, limited delivery and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:May be considered to a qualified buyer.
Sale Reason:The sale is due to the owner alternative business out of the county.
Ad #98555
Seller Reference #BGL217
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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