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Legendary Bagel Shop In Hot South Shore Location For Sale

Nassau County, New York, US
Asking Price:
$497,500 Furniture / Fixtures included
Sales Revenue:
$1,162,976
Cash Flow:
$265,000

HS Listing ID-41022

Situated along high walking traffic, main road near many residential homes, apartment buildings, and numerous major brand establishments.

The bagel shop’s proximity to the beach results in flourishing business during the summer months, it is also close to train station which brings in more walking traffic.

Well-established in this location since the 1990s with the same ownership, it is a staple in the community with many great reviews.

The business currently does not do any online delivery services, which is a huge value-added opportunity. All revenue comes in through the door or a bit of catering.

The business is owner-operated, but there’s a designated manager in place.

10 years remaining on the lease—4% increases annually.

All bagels are made in-house, water bagels, revolving oven.

6 Employees (3 FT, 3 PT.)

1,000 sq. ft.

Hours of operation: 5 a.m.–2 p.m. The new owner can extend hours to increase revenue, especially during summer months (it is needed.)

Reason For Sale: Retirement

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Leasehold Rent:

$72,342 per annum

Business Operation

Reasons for selling:

Retirement

Other Information

Support & training:

Yes.