Price: $249,900
Location: Essex County, New Jersey
Industry: Bagel
Listing ID: BGL297
Profitable modern Bagel Deli Business in an active commercial area in Northern New Jersey in the county of Essex. The business previously had a gross yearly income of $500,000 Plus and a verifiable net yearly income of $85,000. 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: $500,000
Cash Flow: $84,999
FFE: $125,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The sale is due to the owner’s poor health and present 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: 1985
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: Full Time
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 $12,250 as an absentee owner.
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: $6754
Type of Location: Active commercial Mall
Square Footage: 1900
Relocatable?: Yes
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.