Bagel Deli Cafe. BGL294

Price: $149,900

Location: Sussex County, New Jersey

Industry: Bagel

Listing ID: BGL294

Successful many years in the food bagel and deli industry and owner retiring. The owner will finance this transaction with a modest down payment to a qualified buyer. The business is modern and attractive with 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 2021 yearly gross income as represented by the owner is estimated at $410,000 and the business has a yearly net income of approximately $80,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2022 income is expected to be further improved from the previous year. A formal due diligence is recommended buy broker.

Listing Details

Revenue: $410,000

Cash Flow: $80,000

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.

Ron Cervelli

contactus@regalconsultants.com

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