Price: $110,000
Location: Passaic County, New Jersey
Industry: Bagel
Listing ID: BGL295
Profitable Bagel Deli Business in an active commercial area in Northern New Jersey in the county of Passaic. The business has a gross yearly income of $330,000 and net yearly income of $55,000. 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: $300,000
Cash Flow: $54,999
FFE: $80,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The sale is due to the owner’s semi 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.
Operation
Year Established: 1999
Days & Hours of Operation: Days Hours of operation, this bagel franchise operation is active seven days per week, with hours from 5:00 am to 3:00 pm.
Owner Hours Per Week: Absentee Owner
Employees: This business has four full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, additional the monthly payroll is approximately $9,250.
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: $4,400
Type of Location: Active commercial Mall
Square Footage: 1,900
Facilities Information:
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. This profitable business is in an upscale and highly populated urban area of Northern New Jersey with numerous malls and various companies.
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:
Also, owner financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.