BAGEL DELI CAFÉ. BGL289

Price: $375,000

Location: Somerset County, New Jersey

Industry: Bagel

Listing ID: BGL289

Modern newer Bagel & Café located in an affluent area of Somerset County, New Jersey. This retail business facility has been beautifully designed with an attractive image. The business has a gross income of $695,000 and a dependable net yearly income of $135,000 as discretionary income. The business is in a convenient commercial mall with private parking and located on an active county road. The sale is due to owner’s relocation out of county which will require his full-time efforts. This is a full-service deli and bagel shop with wonderful Bagel and food products many years. They use a time-tested recipe for mouth-watering, freshly baked bagels and they create on a daily basis all your favorite varieties of bagels available. This is a wonderful business opportunity with continued growth potential, please call for additional information. This industry and business opportunity does not require any government agency approval to purchase or operate. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

 

Listing Details

Revenue: $695,000

Cash Flow: $135,000

FFE: $175,000 (Included in Price)

Inventory: $1,000 (Included in Price)

Reason For Sale:

The owner is semi absentee due to an alternative business which requires his full-time attention after many successful years at this bagel shop.

Training & Support:

The owner will remain post-closing for 30 days and supply a transitional period.

Location

Security on Lease: Two months

Lease Option: The business has an assignable commercial lease which expires 2032 plus additional options, with a monthly rent of $4,750, cost per square feet is approximately $32.52- and two-months’ rent security.

Monthly Rent: $4,750

Type of Location: Commercial Avenue

Square Footage: 1,550

Relocatable?: Yes

Facilities Information:

The business is in a retail facility which consists of 1,550 square feet with an attractive and modern appearance. The business is in a commercial mall with other active businesses. This opportunity is located in Somerset County, New Jersey, which consists of various highly populated affluent communities with continued demand for this food product.

Summary

Historical Summary:

This industry and business opportunity does not require any government agency approval to purchase or operate.

Competition:

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Potential Growth:

The business presently has a limited marketing plan, non-optimized website and if improved can further developed the business bottom line corporate income.

Financing/Terms:

seller financing has been approved to a qualified buyer with an appropriate down payment.

Ron Cervelli

contactus@regalconsultants.com

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