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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Bagel & Deli Active Mall
(Food & Beverage , Bagel)
Bergen County, NJ
Listed Price: $ 160,000
Listing ID: BGL234

Listing DetailsGross Revenue: $ 380,000
Cash Flow: $ 75,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner is retiring after many successful years in this industry.


Training & Support:

The seller will supply a full training period and remain post closing for 30 days.


OperationsYear Established: 1998
Days & Hours of Operation: Mon.-Sun. 5am-5pm
Non-owner Payroll: $ 6,650
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 4,400
Square Footage: 1350
Facilities:

Located in a highly active commercial mall on a commercial avenue of Bergen County, New Jersey. This mall services a huge volume of shopper’s due to the active super market and various businesses at this location. There is also a high volume of industry and residents in the general area which requires this food service. The facility consists of 1,350 square feet with seating for ten customers. The business facility has a fully equipped commercial kitchen with a wonderful image.


SummaryBusiness Description:

Long established bagel and deli business in a densely populated urban area of Bergen County, NJ. The business has a gross income of approximately $380,000 and a consistent net income to the owner operator. The current owner is retiring after many successful years. This well-known business is centrally located in a highly active commercial mall with a national food chain anchor with substantial mall parking. The location is just a few miles from Giants Stadium and services a large volume of daily shoppers and workers. This sale includes a commercial kitchen and fully equipped for high volume production with a seating capacity for ten customers. The bagels are water cooked and hand rolled for excellent taste and quality and an excellent reputation throughout the area. This business can be further developed with additional marketing and improved catering service for an increased income. The business fixed assets has an estimated value of approximately $75,000 which is based on replacement cost. This business has five employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $6,650. The business is operational seven days per week from 5am-5pm. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,400, cost per square foot is $28.72 and rent security of approximately $8,000. This is a must-see 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. 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 Bagel Deli businesses are in the immediate area of this facility and the seller will supply a five year, five miles non-compete agreement to purchaser. Although competitors presently exist in the industry, 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.


Potential Growth:

With a web site and additional marketing to increase delivery & catering the business can be further developed and improved.


Financing/Terms:

Can be considered with an appropriate down payment.