Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Bagel Deli in Active Mall
(Food & Beverage , Bagel)
Bergen County , NJ
Listed Price: $ 160,000
Listing ID: BGL247

Listing DetailsGross Revenue: $ 380,000
Cash Flow: $ 75,000
FFE: $ 75,000 (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.


OperationsEmployees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
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 supermarket 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. This business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,970. The business has been valued at $160,000 based on a multiple of the net yearly income including the value of the specific business assets.The business produces yearly gross sales of $380,000 and a net income of $75,000 based on an owner operator and prior to debt service. This is a must-see opportunity. 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.