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Modern Bagel Shop In Busy Shopping Center For Sale

Suffolk County, New York, US
Asking Price:
$250,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$528,000
Cash Flow:
$105,000

HS Listing ID-61153

Prime Location: Situated in a small shopping center that is adjacent to several name-brand stores. This area is also densely populated with many residential apartments and homes, ensuring steady foot traffic and a stable customer base
Lease: 3 years, with options to renew for two additional 5-year periods. Annual rent increases are set at 2.5% after the initial term – water & garbage included in the rent
Spacious Premises: The space occupies 3,040 square feet and includes a full basement
Multiple Revenue Streams: Revenue is generated from multiple channels including walk-in customers, online sales, wholesale accounts, and a robust catering service, diversifying income
Ample Seating Options: Provides a comfortable and inviting space for customers to dine in
Owner Operated: The business is owner-operated, but there’s a designated lead employee
Staffing: Employs 3 full-time and 2 part-time employees
Business Hours: The shop operates Monday to Saturday from 6 AM to 3 PM and on Sunday from 6 AM to 2 PM – new owner can extend hours to increase revenue
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

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Property Information

Real Estate:

Lease

Leasehold Rent:

$102,000 per annum

Size in square feet:
3,040

Business Operation

Reasons for selling:

Other business interests.

Employees:
5

Other Information

Support & training:

Yes.

Financing available:

N/A