Franchise Bagel Business

Price: $375,000

Location: Morris County , New Jersey

Industry: Bagel

Listing ID: BGL266

Profitable six years young Manhattan Bagel Franchise Business in an active commercial area in North Eastern New Jersey in the county of Morris. The business produces a gross yearly income of $780,000 and a consistent net yearly income to the owner operator. The business is modern and expects a further increase the gross sales. The business has a fully equipped high capacity commercial kitchen. This national successful Bagel franchise is known for its excellent products, quality, and exceptional service. The franchise supplies and delivers the raw bagels products to the business location for the final baking. This system reduces the time and labor cost to the franchise business operator, which results in a higher net profit. The 2,300-square foot facility is conveniently located on a highly active populated commercial avenue with many other successful retail businesses. This location offers a full menu, seating for 58 customers, and quick service for take-out orders. The state-of-the-art equipment is new, and in excellent working condition. The sale requires franchise approval and two weeks of personal training. Based on the asking price, required 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, this purchase transaction requires Franchise approval.

Listing Details

Revenue: $780,000

Cash Flow: $130,000

FFE: $205,000 (Included in Price)

Inventory: $2,500

Franchise?: Yes

Terms and Conditions?:

Five year payout 6% interest personal guarantee.

Reason For Sale:

The owner seller has alternative businesses and is presently semi absentee with a food business out of this immediate area.

Training & Support:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, the franchise requires a two-week training period for approval.

Operation

Year Established: 2014

Year of Last Acquisition: 2014

Days & Hours of Operation: The business consists of a seven-day work week with hours from 6:00 am to 4:00 pm.

Owner Hours Per Week: Full Time

Employees: This business has approximately eight full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, additional the monthly payroll is approximately $14,100.

Location

Security on Lease: Two Months

Lease Option: The sale includes an eighteen-year commercial lease agreement which expires 2034/01/01 plus additional options, with a gross monthly rent of $9,900,

Monthly Rent: $9,900

Type of Location: Commercial

Square Footage: 2,300

Relocatable?: Yes

Facilities Information:

This profitable business is in an upscale and highly populated urban area of Northern New Jersey with numerous malls and various companies. This bagel luncheonette business is on a highly active commercial avenue with an enormous number of daily shoppers and workers. The facility is ultra-modern with a state-of-the-art image, 2,100 square feet with a clean attractive appearance. The facility has a full stage kitchen for fast food service and a large rear commercial kitchen and preparation area. The facility has an attractive image and duel entrances and no basement.

Summary

Competition:

To the best of our knowledge, no other new competitive Bagel food franchises are in this area and seller will supply an appropriate non-compete agreement to purchase.

Potential Growth:

Regarding growth and expansion, the business opportunity is newer and requires additional time to develop. Additionally, a new operator can further increase sales by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

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