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Highly Profitable Bagel/Deli Landmark for Sale

FL

Highly Profitable Bagel/Deli Landmark for Sale
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Asking Price: $2,900,000

Cash Flow: $961,399

Gross Revenue: $2,733,864

EBITDA: N/A

FF&E: $50,000

Inventory: $12,000

Established: 2007

Highly Profitable Bagel/Deli Landmark for Sale

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Business Description

Highly Profitable Bagel/Deli Landmark for Sale

Highly Profitable Bagel/Deli Cafe for Sale in South Florida. One of the top money making cafe's you will see for sale. A local favorite for 17 years. 2018 Sales Exceed $2.7 million with an owner operator owner benefit of $960k. No other Deli or competitor within miles with an equivalent menu. All bagels are baked on the premises. Seller is a full time working owner. No Absentee owners! Buyer must have serious experience in the industry to handle this business. Lender pre-qualified & Visa Qualified. All buyers must be qualified from their lender or show proof of liquidity as the seller must approve the buyer. Lease extends to 2031. Still plenty of room for growth. Store closes at 4 pm daily but can stay open until 8 pm for the dinner crowd. Area is starving for a late night deli, owner is asked daily to stay open late. During the season seller works 6 days/week- off season 4 days/week.

Detailed Information

Inventory:
Included in asking price
Employees:
15 FT/5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Monthly Rent $10,000/Month- 2300 sq ft Facility- Lease expires Jan 2021 - Two - 5 yr. options available.
Financing:
Lender pre-screened with $957k down.
Support & Training:
Will train for 4 weeks @ $0 cost. Buyer needs serious Restaurant experience in the Bagel/Deli industry.
Reason for Selling:
Retirement.
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Russell Cohen M&AMI,CBI,BCI,CM&AP,CM&AI-

Business Listed By:
Russell Cohen

Murphy Business & Financial Services LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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