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Listed by:

Regal Consulting Corp.

Bagel Deli Owner Financing In Sussex County For Sale

Sussex County, New Jersey, US
Asking Price:
$159,900 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$463,400
Cash Flow:
$72,000

Thirty-year-old Bagel luncheonette, from this best location, for this wonderful business opportunity for this successful bagel and deli on an active highway of Northern New Jersey.

The owner is retiring and will finance this transaction with a modest down payment to a qualified buyer. The business is a solid opportunity based on gross sales and 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 business fixed assets have an estimated value of approximately $95,000 which is based on the cost of the original buildout, replacement expense, representing equipment, licensing, tangible & nontangible values.

The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail bagel-deli operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, New POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

Property Information

Real Estate:

Lease

Lease Terms:

Lease and terms; the business transaction will offer a new ten-year commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,200, all in, cost per square foot is approximately $23.25- and two-months’ rent security is required.

Leasehold Rent:

$38,400 per annum

Lease Rent:
$24 per sq ft per annum
Location:

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.

Premises Details:

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.

Size in square feet:
1,700

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

The purpose of this business transaction is due to the owner retirement from the food industry after many years of success.

Trading hours:

Days Hours of operation; this business is active seven days per week, with hours from 5:00 am to 1:30 pm.

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.
Years established:
1995

Other Information

Support & training:

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to purchaser.

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

Owner financing is available for this transaction with a modest down payment to a qualified buyer with an appropriate collateral, and credit rating.

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$1,000 - included in the asking price
Related Documents: