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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Bagel & Deli
(Food & Beverage , Bagel)
Morris County , NJ
Listed Price: $ 169,000
Listing ID: BGL235

Listing DetailsGross Revenue: $ 375,000
Cash Flow: $ 56,900
FFE: $ 170,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner alternative business out of the county.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2014
Days & Hours of Operation: Mon.-Sun. 6am-4pm
Non-owner Payroll: $ 8,000
Employees: 4
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 3,900
Square Footage: 1800
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.


SummaryBusiness Description:

Excellent business opportunity to own this 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 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. This successful retail bagel business operation is active seven days per week, with hours from 6:00 am to 4:00 pm. The business has been valued at $169,900 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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.


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.


Potential Growth:

The business presently has a limited marketing plan, no web site, limited delivery and if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be available to a qualified buyer.