Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Modern Bagel & Deli
(Food & Beverage , Bagel)
Passaic County , NJ
Listing ID: BGL241

Listing DetailsGross Revenue: $ 600,000
FFE: $ 165,000 (Included in Price)
Reason for Sale:

Owner is absentee with alternative business.


Training & Support:

The seller owner is actually semi absentee; however, he will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2018
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 4600
Monthly Rent: $ 2,900
Square Footage: 1550
Facilities:


This retail business opportunity consists of approximately 1,000 square feet has an attractive modern image. The business is in a mid-size commercial mall with various other active businesses and on an active highway with thousands of drives by vehicles. This opportunity is in Northern New Jersey, Passaic County, which consists of various highly populated communities with continued demand for this industry.


SummaryBusiness Description:

Ultra-modern new bagel deli with full commercial kitchen located in Northern New Jersey, on an active four lane highway and in the county of Passaic. The business has been fully upgraded with high production equipment and capable of increasing producing with a wholesale operation. They take pride in bringing the highest quality Bagels and Deli in New Jersey with the best ingredients and quality products. Their friendly staff, delicious food and the familiar style Bagels makes this retail operation perfect for breakfast or lunch seven days per week.! This wonderful Bagels operation is family owned and operated and is available for sale due to the owner’s absenteeism. They specialize in offering hand-rolled bagels baked daily on the premises with all-natural flavors. Their focus is on creating a simple yet carefully prepared menu with thoughtful attention to detail featuring only the freshest and high-quality ingredients available. Today their consistent commitment to the quality of their foods has led them to enjoy the company of hundreds of regular customers and their experienced staff cooks the area’s best food seven days a week. The business transaction will offer an assignable commercial lease which expires 2/28/2021, plus additional options available, with a monthly rent of $2,900, cost per square foot is estimated at $21.68 and rent security of approximately $4,600. This bagel company consist of five full & part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $6,935. The projected 2019 yearly gross income represented by the seller owner is estimated at approximately $600,000 and the business expects a consistent yearly net income based on an onsite owner operator and prior to any debt service. 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, 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:

This bagel shop has recently been reopened, the owner is semi absentee, the business opportunity can be further expanded by the new operator by improving the web site, creating a marketing plan and offering a delivery service. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:


Available to a qualified buyer.