Bagel /Deli NYC.PRIME 24/7 Location. $2.5 ML SALES..

Manhattan, NY (New York County)

Bagel /Deli NYC.PRIME 24/7 Location. $2.5 ML SALES..

Asking Price:$1,600,000

Cash Flow:$576,000

Gross Revenue:$2,600,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:$78

Established:1985

Bagel /Deli NYC.PRIME 24/7 Location. $2.5 ML SALES..

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Business Description

Bagel/Deli stores with this high volume are VERY rarely available for sale in NYC.
100% ABSENTEE OPERATED.
OWNER OPERATOR CAN INCREASE NET INCOME TO OVER $750,000.00.
Amazing upside potential.
Over 30 X 100 LB bags of flour per week.
Prime location by MAIN SUBWAY STATION. Nearest competition at least half mile away in all directions.
An unbelievable ONCE IN A LIFE_TIME OPPORTUNITY..
Sign and send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
12/31/2016
Employees:
20
Facilities:
900 SF fully equipped bagel/deli store with 2500 SF basement with prep kitchen elevator platform. Fully equipped high volume bagel and bakery store. Current lease $22,000/month with $5,000/month Real Estate Taxes.10% rent increases each 3 years. Lease will be extended to 10 years.
Competition:
Located on the corner of the busiest intersection in the West Village. Super high foot traffic 24/7. Adjacent to major subways. Landmark bagel/deli store with solid reputation and great online reviews.
Growth & Expansion:
Business does NO advertising and no focus on catering and delivery. Located close to major media companies and office buildings. Surrounded by high-rise apartment buildings, Colleges & entertainment venues.Strong tourist traffic. Owner/operator can increase sales by at least 30% to 40% with: Improved customer service, REDUCING FOOD COST.. REDUCING PAYROLL AND SHRINKAGE.
Support & Training:
Fully staffed and owner operates the business 100% absentee.
Reason for Selling:
Owner is focusing on other restaurant businesses.

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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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