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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Bagel/Deli
(Food & Beverage , Bagel)
Passaic County , NJ
Listed Price: $ 175,000
Listing ID: BGL233

Listing DetailsGross Revenue: $ 365,000
Cash Flow: $ 75,000
FFE: $ 145,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner is absentee with corporate ownership.


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.


OperationsYear Established: 2000
Days & Hours of Operation: Mon.-Sun. 6am-3pm
Non-owner Payroll: $ 2,450
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,450
Square Footage: 1665
Facilities:

This retail facility which consist of 1,665 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 in Northern New Jersey, Passaic County, which consists of various affluent communities with continued demand for this industry.


SummaryBusiness Description:

Solid Deli Bagel business located in Northern New Jersey in the county of Passaic 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 gross yearly income of $365,000 and a net yearly income of $75,000 based on onsite ownership. The business offers a wide variety of breakfast and lunch special to its loyal customers. This business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,800. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $2,450 and rent security $5,000. The business assets have an estimated value of $145,000 which is based on the past year corporate tax returns. The company is active seven days per week, with hours from 6:00 am to 3:00 pm. The business has been valued at $175,000, 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. 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. 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.


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, basic web site, poor catering and if improved can further develop the business bottom line net income.


Financing/Terms:

Can be available with an appropriate down payment.