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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Cafe Bagel & Deli
(Food & Beverage, Bagel)
Sussex County , NJ
Listed Price: $ 99,000
Listing ID: BGL239

Listing DetailsGross Revenue: $ 256,474
Cash Flow: $ 43,181
FFE: $ 53,780 (Included in Price)
Reason for Sale:

Sale is due to owners absenteeism.


Training & Support:

The owner is presently absentee however he will assist with post-closing training and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2016
Days & Hours of Operation: Mon.-Sun. 6am-3pm
Non-owner Payroll: $ 8,675
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3315
Monthly Rent: $ 3,315
Square Footage: 1500
Facilities:

This retail Bagel & Deli shop is located in Northern New Jersey and in the county of Sussex which consists of various affluent communities with continued demand for this food service. The business is located in an active commercial mall with numerous other successful retail shops. The facility consists of 1,500 square feet with a clean attractive appearance with a walk-up counter and lots of private seating.


SummaryBusiness Description:
Solid opportunity for this modernized long standing bagel deli and café business located in a wonderful area of Northern New Jersey, Sussex County with substantial growth potential. The business is located in an active commercial mall near various other successful businesses. This Bagel shop is fully equipped with a wonderful reputation and the gross sales represents 30% breakfast and approximately 30% bagel with no wholesale sales at this time. The present owner is presently absentee and not involved in the day to day operation. The seller has priced the business very aggressively with possible owner financing to a qualified buyer. The sale includes a long-term commercial lease agreement at a fair and modest rent cost. This bagel deli business consists of 7 full time employees and 1 part time employee, who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $8,675. The business transaction will offer an assignable commercial lease which expires 2021, plus additional five-year option available, with a monthly rent of $3,315, cost per square foot is estimated at $26.52 and rent security of approximately $3,315. This successful bagel deli business is active seven days per week, with hours from 6:00 am to 3:00 pm. The 2018 yearly gross income represented by the seller owner is $256,474 and the business has a yearly net income of approximately $43,181.61 based on an onsite owner operator and prior to any debt service. Also, due to the possibility of non-disclosed income, a formal due diligence is recommended by the purchaser. This is a solid business opportunity and has substantial growth potential. Based on the asking price, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

 


Competition:

Regarding competition, to the best of our knowledge, we are unaware of any new competitors expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

Regarding growth and expansion, the business opportunity can be further expanded by the new operator by developing wholesale relationships and improving the existing marketing plan with local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:

May be considered with an appropriate down payment.