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Profitable Bagel Shop In Westchester County For Sale

Westchester County, New York, US
Asking Price:
$330,000 Furniture / Fixtures included
Sales Revenue:
$1,196,000
Cash Flow:
$208,000

Description: Well-established bagel shop in a prime Westchester, NY. In operation since 2000, the shop features many recent updates, making it a true turnkey operation. Located in a plaza with many anchor tenants and ample parking spaces. Makes bagels in house from scratch!

Overview:

Weekly sales: ~$23,000 / week (estimated)

Cash flow: ~$4,000 / week ($208,000 / year estimated)

Business Highlights:

Established 25 years

In shopping center with anchor tenants

Bakes in house (mix, kettle boil, oven baked)

Pastries made in-house

Cream Cheese made in-house

Owner operated

Fully staffed

9 years left on lease

1748 sft

Anchor tenants: TJ Maxx, Wells Fargo, ATT, Jenny Craig

Rent & Lease:

Rent: $13,800 ($11,369 base rent + $2,431 taxes & CAM)

Term: 9 years (terminates May 2034)

Sqft: 1748

Staffing & Payroll:

2 Full time counter / prep

1 Part time counter

2 Full time Bakers

Payroll: $5300 / week

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

9 years (terminates May 2034)

Leasehold Rent:

$165,000 per annum

Size in square feet:
1,748

Business Operation

Reasons for selling:

Other business interests.

Employees:
5

Other Information

Support & training:

Yes.