$1.2 Million Revenue Absentee-Run Bagel Store
Asking Price: $625,000
Location: Long Island, NY (Confidential)
Business Type: High-Volume Bagel & Café
Ownership Structure: Absentee
EXECUTIVE SUMMARY:
Offered for sale is a high-performing, absentee-run bagel store generating approximately $1.2 million in annual gross revenue with consistent cash flow and strong institutional catering relationships. The business operates with a manager in place, stable staffing, and established systems, making it ideal for an investor or owner seeking a largely hands-off operation.
The store benefits from in-house bagel production, diversified sales channels, and long-term lease security, providing both operational stability and scalability.
FINANCIAL OVERVIEW (Seller-Provided):
Annual Gross Revenue: ~$1,200,000
Net Income: ~$180,000
Weekly Sales
Slow Season: $21,000–$22,000/week
Busy Season: $24,000–$25,000/week
OPERATIONS & MANAGEMENT
Ownership & Oversight
Fully absentee ownership
Owner does not work on-site
Management
Experienced manager in place
Manager compensation: $1,200/week
Manager will remain post-sale
Staffing
8–9 total employees, including manager
Weekly payroll: ~$5,000–$5,500
Payroll is primarily W-2, with minimal cash
Hours of Operation
5:30 AM – 3:00 PM
POS System
Toast POS
Cash sales tracked
Catering sales tracked separately and not fully reflected in POS
PRODUCT & SALES CHANNELS:
Bagels baked fresh in-house
Strong walk-in and repeat customer base
Online ordering and delivery via all major delivery platforms
Student discounts offered (major local university)
Catering & Institutional Clients
Stony Brook University
Local public and private schools
Hospital and VA Hospital
Heart Association daily catering (~$80/day recurring)
Catering provides consistent supplemental revenue and strong brand presence in the community.
FACILITY & LEASE:
Size: Approximately 2,500 square feet
Seating: 60–65 seats (indoor)
Rent: $14,000/month
Lease Term Remaining: Approximately 9.5 years
Long-term lease provides security and predictability for a new owner.
SALE TERMS:
Asking Price: $625,000
Seller Financing: Available
Seller prefers 80% down payment
Transition support available to ensure continuity
