Bagel Deli Café. BGL299

Price: $149,000

Location: Sussex County, New Jersey

Industry: Bagel

Listing ID: BGL299

Great location for this successful many years in the food bagel and deli industry and owner is now retiring. The owner will finance this transaction with a modest down payment to a qualified buyer. The business is solid opportunity based on gross sales and substantial growth potential. The staff will remain after closing and this sale is confidential. This is a dependable safe business opportunity and based on the terms of sale, this business expects to supply a consistent return on investment to the owner operator. The business has been priced at $159,900 which is based on the value of the assets and the net yearly income, with consideration to the particular business assets. Owner financing is available for this transaction with a modest down payment to a qualified buyer with an appropriate collateral, and credit rating. The business fixed assets have an estimated value of approximately $95,000 which is based on the cost of the original buildout, replacement expense, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail bagel-deli operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, New POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

Listing Details

Revenue: $300

Cash Flow: $59,000

FFE: $90,000 (Included in Price)

Inventory: $1,500 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner retirement from the food industry after many years of success.

Training & Support:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to purchaser.

Operation

Year Established: 1985

Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 5:00 am to 1:00 pm.

Owner Hours Per Week: absentee

Employees: Regarding employees and payroll; this retail bagel deli company consist of four employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, monthly payroll expense is approximately $4,800 which includes managers salary.

Absentee Owner?: Yes

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 3,100

Type of Location: State Highway

Square Footage: 1600

Relocatable?: Yes

Facilities Information:

This business opportunity is in north central New Jersey, Sussex County on a highly active four land county road with thousands of drives by vehicles. This business facility consists of approximately 1,600 square feet with a clean and attractive appearance and a seating capacity for twenty-four customers. The business is in an active commercial mall conveniently located for its various customers.

Summary

Owner Qualifications:

For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.

 

Competition:

Regarding competition, to the best of our knowledge, 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:

Regarding growth and expansion, this bagel food operation can be further developed by increasing the hours, offering delivery, and improving the marketing system, local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Financing/Terms:

Owner financing is available for this transaction with a modest down payment to a qualified buyer with an appropriate collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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