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Popular NY Bagel-Style Delicatessen

Prince William County, VA

Popular NY Bagel-Style Delicatessen
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Asking Price: $89,000

Cash Flow: $42,000

Gross Revenue: $265,000

EBITDA: N/A

FF&E: $40,000

Inventory: N/A

Rent: $1.67 /Month

Established: 2013

Popular NY Bagel-Style Delicatessen

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Business Description

Popular NY Bagel-Style Delicatessen

This busy establishment offers delicious bagels, along with a full line of signature sandwiches made from a wide range of deli meats and cheeses, on a choice of bread or rolls. The salad selection includes pasta, chicken and tuna, and there is a nice choice of deli-type desserts, such as cheesecake, as well as coffee, soft drinks and other beverages. The Company will deliver large orders. It also has developed a growing catering business.

Detailed Information

Location:
Prince William County, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,225
Lease Expiration:
12/31/2019
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant is located in an attractive, readily-accessible commercial area, with highly visible signage. The store operates from 1,225 sq. ft. of leased space and is fully outfitted with relatively new equipment, which has the capacity to support a substantially higher volume of sales. The current lease expires on 12/31/2019, with a five-year option thereafter.
Competition:
The store is located in an area about 30 miles west of Washington, DC with a very rapidly growing, upper-middle income population. The number of residents in the Company’s zip code has more than tripled since 2000. Moreover, an Amazon data center will be opening nearby very soon, bringing 4,000 new jobs to the immediate community. There are a number of eating establishments in this growing market area. However, reinforced by very favorable customer reviews and an attractive web site, this restaurant has achieved a strong market presence in the community.
Growth & Expansion:
The business is well-positioned for future expansion. As indicated above, it has become well established in its growing market area, with a reputation for tasty, high quality offerings. In a relatively short time, Revenue has grown to $250,000 and continues to rise. The stage is set for a new owner to sharpen and expand sales and marketing activities to realize this growth potential, specifically: • A 400-unit housing development, plus a new school, is opening right across the street; • The Deli can be opened for dinner, greatly impacting on sales and profits; • Catering and delivery can be expanded with intensified promotion; and • There are many new items that could be added to the menu.
Support & Training:
The owner will remain a sufficient time after the sale to fully train the new owner(s) on the operations of the business and introduce them to its suppliers.
Reason for Selling:
The owner has an opportunity to move into another, long sought-after occupation.
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Bob Marik

Business Listed By:
Bob Marik

The Litchfield Group

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