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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Modern Bagel Shop & Café
(Food & Beverage , Bagel)
Soemrset County , NJ
Listed Price: $ 395,000
Listing ID: BGL232

Listing DetailsGross Revenue: $ 675,000
Cash Flow: $ 129,000
FFE: $ 225,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

The owner is retiring.


Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period.


OperationsYear Established: 2011
Days & Hours of Operation: Mon.-Sun. 5am-6pm
Non-owner Payroll: $ 9,120
Employees: 7
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8400
Monthly Rent: $ 4,200
Square Footage: 1550
Facilities:

This retail facility consists of 1,550 square feet with a new attractive and modern appearance. The business is in a commercial mall with other active and successful retail businesses. This opportunity is located in Somerset County, New Jersey, which consists of various highly populated affluent communities with continued demand for this food product.


SummaryBusiness Description:

Ultra-modern four years young Bagel & Café located in an affluent area of Somerset County, New Jersey. This retail business facility has been beautifully designed with a very attractive image. The business has a gross income of $675,000 and a dependable net yearly income. The business is in a modern commercial mall with private parking and located on an active commercial mall. The sale is due to owner’s illness and owner financing is available to a qualified buyer. This particular business has seven full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $9,120. The business has an assignable commercial lease which expires 2033-01-01 plus additional options, with a monthly rent of $4,200, cost per square feet is $32.52 and rent security $8,400. The business is active seven days per week, with hours from 5:00 am to 6:00 pm. The business has been valued at $395,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. 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 consistent investment return to the owner operator prior to debt service. Please call for additional information. 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:

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.


Potential Growth:

The business presently has a limited marketing plan, poor web site and if improved can further developed the business bottom line corporate income.


Financing/Terms:

Is available to a qualified buyer.