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Bagel Store In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$275,000
Sales Revenue:
$620,000
Cash Flow:
$130,000

Listing ID # 31100

Fantastic Bagel Store in an industrial area just North of the LIE (Long Island Expressway Service Road). Established 24 years! This is an ideal food service business to own in the current pandemic environment as they offer a simple menu, quick in and out service and low overhead. They are only open M-F 6am- 2pm, Sat. 6am - 1pm, Sun 7am-1pm. They specialize in breakfast and lunch offering pick up and delivery options. They service the industrial area as well as the residential neighborhood. In the past year the business generated gross revenues of approximately $624,000 and an owner's cash flow of approximately $130,000.00. The space is $1,300 sf. with over 9 years left on the current lease and a rent of $4,300/mth. Due to Covid the landlord would be flexible for a well-qualified buyer with good credit. We are seeking a serious and financially qualified buyer with at least $199K in liquid funds to cover the down payment. To learn more, please call or email Mel Vaz today at or. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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Business Operation

Reasons for selling:

Retiring

Employees:
3FT/3PT
Years established:
1996

Other Information

Support & training:

Seller will train

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

199,000.00 Down & $76K over 3 yrs. @ 6%.

Furniture / Fixtures value:
$75,000
Inventory / Stock value:
$3,000

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