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Listed by:

Regal Consulting Corp.

Bagel Deli For Sale

Essex County, New Jersey, US
Asking Price:
$239,900 Inventory / Stock included
Sales Revenue:
$420,000
Cash Flow:
$69,000

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 $600,000 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. The yearly gross income, as represented by the owner prior to the pandemic was approximately $600,000. The recent income is $420,000 and the business will evidence a present yearly net income of approximately $69,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2022 company’s gross income is expected to be further improved based on post pandemic. Due to several reasons and seller discretionary income, a formal due diligence is recommended.

Property Information

Real Estate:

Lease

Lease Terms:

The sale will include a new ten-year lease agreement which expires 2032 plus additional options, with a gross monthly rent of $6,754 all in and rent security of two months.

Leasehold Rent:

$81,000 per annum

Lease Rent:
$42 per sq ft per annum
Location:

This profitable business is in an upscale and highly populated urban area of Northern New Jersey with numerous malls and various companies.

Premises Details:

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.

Size in square feet:
1,900

Business Operation

Expansion Potential:

Because of the owner absenteeism, the business does not offer delivery or catering. This business operation can be further developed with an increase in delivery service and a catering program. The business does not have a local marketing system and the web site is limited and not optimized.

Competition / Market:

To the best of our knowledge, no other competitive Bagel businesses are expected in this area, additionally seller will supply an appropriate non-compete agreement to purchase.

Reasons for selling:

Owner retiring.

Trading hours:

Days Hours of operation, this bagel franchise operation is active seven days per week, with hours from 5:00 am to 3:00 pm.

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.
Years established:
2000

Other Information

Support & training:

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.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

, owner financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Furniture / Fixtures value:
$125,000
Inventory / Stock value:
$1,500 - included in the asking price

Contact Regal Consulting Corp.

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