Price: $159,900
Location: Sussex County, New Jersey
Industry: Bagel
Listing ID: BGL296
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.
Listing Details
Revenue: $400,000
Cash Flow: $74,998
FFE: $125,000 (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.