Price: $250,000
Location: Essex County, New Jersey
Industry: Adult Club
Listing ID: BGL287
Profitable modern Bagel Deli Business in an active commercial area in Northern New Jersey in the county of Essex. The business previously had a gross yearly income of $600,000 Plus and a verifiable net yearly income of $85,000. The business is highly popular and expects a further increase in the gross sales. The business has a fully equipped high-capacity commercial kitchen. The 1,900-square foot facility is conveniently located in a highly active populated commercial mall with many other successful retail businesses. This location offers a full menu, seating for twenty customers, and quick service for take-out orders. The state-of-the-art equipment is well maintained, and in excellent working condition. Based on the asking price, suggested down payment and yearly net income, this business expect to supply a consistent return on investment to the owner operator. This is an excellent investment, please call for further details.
Listing Details
Revenue: $600,000
Cash Flow: $65,000
FFE: $170,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The sale is due to the owner’s poor health and present absenteeism.
Training & Support:
Training and owner support, the owner will remain post-closing for four week and is prepared to supply an appropriate transitional period to the new owner / operator.
Location
Security on Lease: Two Months
Monthly Rent: 6,754
Type of Location: Active Commercial Businesses
Square Footage: 1900
Relocatable?: Yes
Facilities Information:
This profitable business is in an upscale and highly populated urban area of Northern New Jersey with numerous malls and various companies. This bagel luncheonette business is in a highly active commercial mall with daily shoppers and workers. The facility is clean-modern with an attractive image, 1,900 square feet with an attractive appearance. The facility has a full stage kitchen for fast food service and a large rear commercial kitchen and preparation area.
Summary
Competition:
To the best of our knowledge, no other competitive Bagel businesses are expected in this area, additionally seller will supply an appropriate non-compete agreement to purchase.
Potential Growth:
Because of the owner absenteeism, the business does not offer delivery or catering. This business operation can be further developed with an increase in delivery service and a catering program. The business does not have a local marketing system and the web site is limited and not optimized.
Financing/Terms:
Owner financing is available.