Profitable Bagel Store&Deli at Corner UES Location - 30875

New York County, NY

Seller Financing Available
Profitable Bagel Store&Deli at Corner UES Location  - 30875
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Asking Price: $175,000

Cash Flow: $132,000

Gross Revenue: $1,208,000

EBITDA: N/A

FF&E: $100,000

Inventory: $10,000*

Established: N/A

*not included in asking price.

Profitable Bagel Store&Deli at Corner UES Location - 30875

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Business Description

Very Profitable Bagel Store&Deli at Corner UES Location - 30875

Price Reduced! Make Your Best All-Down Offer! After all expenses, this business nets $132,000/year and its owner is Only Asking $175,000 (just 1.3 times its net). The owner of this bagel store and deli, located at a very busy corner location on Manhattan's UES, can no longer give his business the attention it deserves. He must look after his ailing wife. In-store gross sales average $17,000/weekly, of which 30% is on credit cards, and the rest is in cash. Internet orders account for another $27,000/month, and that's net of delivery fees. The seller will explain how these numbers can be increased by a new owner, who is able to to extend the lease to at least a total of eight years and maybe ten. You will find 400 square feet at street level and another 400 square feet of usable space in the basement. The adjacent store is vacant and the landlord is open to leasing it to you if you want to start off with more space. The store is loaded with equipment, such as two walk-in boxes, an ice machine, a deli case, two lowboys, a tall refrigerator, a salad bar, two small freezers, an electric grill, a conveyer oven, a juicer, coffee makers, soda cases and more. You are well-advised to add an ice cream case to the mix. Please be very discreet when visiting this location, as the employees and customers do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some questions and get a full tour. Please call for further information. Make your best all-down offer, as this one won't last long!

Detailed Information

Inventory:
Not included in asking price
Employees:
6ft/4pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
175,000.00 Down & Please make your best all down offer!
Support & Training:
Seller will train
Reason for Selling:
Illness force sale
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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