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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Manhattan Bagel Franchise
(Food & Beverage , Bagel)
Bergen County , NJ
Listed Price: $ 325,000
Listing ID: BGL229

Listing DetailsGross Revenue: $ 718,000
Cash Flow: $ 104,000
FFE: $ 190,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Franchise Info: This business is an established franchise
Reason for Sale:

The owner is presently an absentee owner with an alternative food businesses.


Training & Support:

The owner and franchise will supply a transitional period & remain post closing 30 days.


OperationsYear Established: 2013
Days & Hours of Operation: Mon.-Sun. 6am-4pm
Non-owner Payroll: $ 11,200
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 22000
Monthly Rent: $ 7,650
Square Footage: 2400
Facilities:

This profitable business is in an upscale and highly populated urban area of Northern NJ. This bagel luncheonette business is on a highly active commercial avenue with a huge number of daily shoppers and workers. The facility is ultra-modern with a state of the art image, 2,400 square feet with a clean attractive appearance. The facility has a full stage kitchen for fast food service and a large rear preparation area. The facility has an attractive image and duel entrances and no basement.


SummaryBusiness Description:

Profitable Manhattan Bagel Franchise Business in an active commercial area in North Eastern, New Jersey. The business produces a gross income in 2017 of $718,000 and a verifiable net yearly income of $104,000. This franchise location is known for its excellent products, quality and exceptional service. The franchise supplies and delivers the food products to the business location, reducing the time and labor cost to the business operator, which results in a higher net cash flow. The 2,400-square foot facility is conveniently located on a highly active populated commercial avenue with many other successful retail businesses. This location offers a full menu, seating for 45 customers, and quick service for take-out orders. The state of the art equipment is five years old, and in excellent working condition. The sale requires franchise approval and two weeks of personal training. The assets have an estimated value of $190,000 which is based on equipment, franchise approval, licensing, etc. The sale also includes the franchise rights, a commercial kitchen and prep area, tables & chairs, POS & phone system, various refrigeration units, commercial scale and various equipment required for this retail food service industry. The facility consists of approximately 2,400 square foot with a customer seating capacity for approximately forty-five customers. The business location has substantial municipal parking which is near to the facility. The business operates seven days a week with hours from 6:00 am to 4:00 pm. The business has a municipal food handler’s license and is franchise approved. The sale includes a six-year lease agreement which expires 2023 plus additional options, with a gross monthly rent of $7,650 and rent security of $22,000. This business has approximately six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, additional the monthly payroll is approximately $11,200. The business has a 2017 gross yearly income of $718,000 and a net income of approximately $104,000 based on an onsite owner operator and prior to debt service, The price has been set at $325,000 also some owner financing may be available to qualified buyers. Based on the asking price, required down payment and yearly net income, this business expect to supply a 27% investment return to the owner operator prior to debt service. This is an excellent investment, please call for further details. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.


Competition:

No other competitive Bagel food franchises are in this area and seller will supply an appropriate non-compete agreement to purchase.


Potential Growth:

With onsite ownership / management, continued good service and food quality, this business can be further improved.


Financing/Terms:

May be available to a qualified buyer with an appropriate down payment.