Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Bagel Deli Nets $200k
(Food & Beverage , Bagel)
Kings County , NY
Listing ID: BGL243

Listing DetailsGross Revenue: $ 1,500,000
Cash Flow: $ 200,000
FFE: $ 160,000 (Included in Price)
Inventory: $ 15,000
Reason for Sale:

Owner is relocating out of state.


Training & Support:

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


OperationsNon-owner Payroll: $ 35,500
Employees: 13
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 10000
Monthly Rent: $ 5,800
Square Footage: 1400
Facilities:


This business opportunity is located in a highly populated area of Brooklyn New York on an active commercial avenue with numerous businesses that attract a high volume of daily shoppers and workers. This is a retail facility consisting of approximately 1,490 square feet, plus basement and has an attractive clean business appearance.


SummaryBusiness Description:

Solid business opportunity for this highly successful bagel and deli business in an active area of Brooklyn New York with a yearly gross income of $1,500,000 and an estimated net income of $200,000. This thirty-year-old very well-known business is known for its quality foods and excellent service. This bagel/ deli offers a full line of bagels and deli foods for breakfast, lunch, and diner. This New York deli offers homemade bagels with a New York touch. Conveniently located, this deli has been a staple in the community for many years. Their bagels are fresh-baked in-store every day the classic NY-Style way, boiled and baked with the best of care. They use only the highest quality ingredients from market-fresh produce to meats and cheeses sliced daily in-store to bring you our timeless delicious recipes. Their customers love the fresh-baked NY-style bagels, fresh cracked eggs on the griddle, authentic deli sandwiches, wonderful salads, all prepared fresh daily. This bagel shop company consist of thirteen full & part time employees who are unaware of the pending sale. The payroll is based on an hourly basis scale, and weekly base salaries, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $35,500. The business transaction will offer an assignable commercial lease which expires 2029, plus additional options available, with a monthly rent of $5,800, cost per square foot is estimated at $47.00 and rent security of approximately $10,000. This is a dependable safe business opportunity. 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:


To the best of our knowledge, 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:

This deli business can be further expanded by the new operator by creating a marketing plan, delivery service and local advertising. Additionally, the company has no web site which can further develop the business yearly gross sales.


Financing/Terms:


Seller financing is available to a qualified buyer
Seller financing is available to a qualified buyer