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Long Island Established Bagel Store In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$249,990
Sales Revenue:
$423,987
Cash Flow:
$111,862

Established Bagel Store in a great N.Shore shopping center. This is a fully equipped store in a major shopping center with great parking and visibility. The shopping center has virtually no vacancies and parking for well over 100 cars. It is located in an affluent north shore town and has fared well through the pandemic so far. They have seen an increase in sales as many local restaurants have closed or reduced hours. This store was originally opened 24 years ago. Bagel dough is brought in from outside and cooked in their rack oven. There are No franchise fees or royalties. In the past year the business has documented sales of $423,987.00 with an owner's cash flow of approx. $111,862.00. These numbers come straight from the 2019 tax returns. The store is 1,800 sq. ft. with a full kitchen. It is meticulously maintained. Just look at the pictures. The rent is $4,500/mth. This is a very fair rent for this high traffic area. This storefront feels much bigger than it is. It must be seen to be appreciated. The kitchen is spotless. Delivery was just added. Hours can be extended. We are seeking a serious and financially qualified buyer with at least $175K in liquid funds to cover the down payment. You Must have good credit for landlord approval! To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33904 for instant access to this business information.

Business Operation

Reasons for selling:

Other opportunities.

Employees:
4FT/5PT
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:

175,000.00 Down & $74,990 over 4 yrs. @ 6%

Furniture / Fixtures value:
$100,000
Inventory / Stock value:
$5,000

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