Bagel Deli in Mall Setting

Hunterdon County, NJ

Seller Financing Available
Bagel Deli in Mall Setting

Asking Price:$175,000

Cash Flow:$68,000

Gross Revenue:$400,000

EBITDA:N/A

FF&E:$150,000

Inventory:$1,500

Established:2001

Bagel Deli in Mall Setting

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Business Description

Dependable business opportunity to own this modern high capacity Bagel & Deli business in an active mall with high volume traffic and lots of private parking. The sale is due to partner separation and relocation and the price has been set most aggressively with owner financing available. This 1,750 square foot Bagel & Deli business is located in an active area of Hunterdon County, NJ. This profitable seven-day business operation produces a consistent gross weekly income of $8,000 and a dependable net income to the owner operator. This Bagel shop bakes its own products with a fully equipped commercial high production kitchen. The sale includes an asset value of approximately $125,000 which includes a full commercial kitchen, new mixer and ovens, walk in refrigeration, freezers, hand tools, tables, chairs, displays, etc., including various equipment required for this particular industry. The building facility has a legal capacity for sixty-two (68) customers, 1,750 square feet, on one main floor with no basement. This retail business requires three employees in order to maintain the day to day operation with a monthly payroll of approximately $5,400. This Bagel Deli business has substantial private parking on the site and part of the lease. The business is operational seven days weekly with hours from 6:00 am to 4:00 pm. This particular industry does not require any particular license other than a certificate of occupancy and health certificate to conduct its day to day operation. The business has an assignable commercial lease which expires 2028/01/01 with a monthly rent of $4,350 and security $8,000. Based on the asking price, required down payment and net income this business should supply a 28% return to the owner operator prior to debt service. This is an excellent safe business opportunity. The business gross yearly income is $400,000 and a yearly net income of $68,000.00 based with onsite ownership and prior to any debt service. The sale has been valued at $175,000, inventory included and bank financing has been preliminarily approved to qualified buyer with an appropriate down payment. Because the sale of this business is confidential all viewings are by appointment only and photo may not represent this particular business.

Detailed Information

Inventory:
Included in asking price
Employees:
Three
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility consists of a modern 1,750 square feet setting with private parking as part of the lease agreement. This facility has a clean attractive image with a substantial capacity to expand. This business is located in an affluent area of Hunterdon County, New Jersey on a county road minutes from US highway Route 78.
Competition:
This general area has no specific nearby competitors and the seller has agreed to supply an appropriate non-compete agreement to the new operator.
Growth & Expansion:
The business has no marketing system, with an advertising plan and wholesale delivery service the business can be further improved resulting in an additional net to the operator.
Financing:
Seller financing is available to qualified buyers.
Support & Training:
The owner will remain after closing for two weeks to supply a training period.
Reason for Selling:
The sale is due to partnership separation and relocation.

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Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

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