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Cafe, Bagel & Deli

Sussex County, NJ

Seller Financing Available
Cafe, Bagel & Deli
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Asking Price: $50,000

Cash Flow: $46,513

Gross Revenue: $256,474

EBITDA: N/A

FF&E: $53,780

Inventory: N/A

Rent: $3,515 /Month

Established: 2016

Cafe, Bagel & Deli

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Business Description

Solid opportunity for this modernized long standing bagel deli and café business located in a wonderful area of Northern New Jersey, Sussex County with substantial growth potential. The business is located in an active commercial mall near various other successful businesses. This Bagel shop is fully equipped with a wonderful reputation and the gross sales represents 30% breakfast and approximately 30% bagel with no wholesale sales at this time. The present owner is presently absentee and not involved in the day to day operation. The seller has priced the business very aggressively with possible owner financing to a qualified buyer. The sale includes a long-term commercial lease agreement at a fair and modest rent cost. The business transaction will offer an assignable commercial lease which expires 2021, plus additional five-year option available, with a monthly rent of $3,315, cost per square foot is estimated at $26.52 and rent security of approximately $3,315. The business has been valued / priced at $99,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, seller financing is available with $25,000 down. This is a solid business opportunity and has substantial growth potential. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Detailed Information

Location:
Sussex County, NJ
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This retail Bagel & Deli shop is located in Northern New Jersey and in the county of Sussex which consists of various affluent communities with continued demand for this food service. The business is located in an active commercial mall with numerous other successful retail shops. The facility consists of 1,500 square feet with a clean attractive appearance with a walk-up counter and lots of private seating.
Competition:
To the best of our knowledge, we are unaware of any new competitors expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business opportunity can be further expanded by the new operator by developing wholesale relationships and improving the existing marketing plan with local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing:
Available with $25,000 down.
Support & Training:
The owner is presently absentee however he will assist with post-closing training and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
Owner is absentee and involved in alternative business.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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