Time Tested Bagel shop for Sale Riverhead with $800,000+ in sales

Riverhead, NY (Suffolk County)

Time Tested Bagel shop for Sale Riverhead with $800,000+ in sales
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Asking Price: $419,000

Cash Flow: $163,000

Gross Revenue: $755,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,800 /Month

Established: 2012

Time Tested Bagel shop for Sale Riverhead with $800,000+ in sales

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Business Description

Splendid Bagel shop for sale in Riverhead, New York. Get this spectacular 2000 square foot Bagel shop and cafe doing sales of nearly $800,000 and owners' income of more than $160,000. This turn-key bagel shop for sale is in a great location surrounded major stores, Serving the community for over 14 years, this bagel shop for sale this has 9 years on their current lease.
This turn-key bagel shop for sale opportunity is a perfect for an individual owner just getting started or adding an additional restaurant to your portfolio. This 2000 square foot location provides everything you need. This location is in a great strip mall surrounded by lots of other retail store. It is centralized to schools, the hospital, and parks. With this being the case, catering, delivery and take out are a staples of this turn-key spot.
We Sell Restaurants and we want to be the first to show you this amazing turn-key bagel shop for sale space. This is your opportunity to take an already existing cafe and grow it beyond your expectations. There is so much potential with the local customer base, but there is tremendous growth in catering, delivery, and take-out. User who have great marketing skills, you can utilize Grubhub, UberEats and Yelp.
The 2000 square feet layout accommodates 27 seats for guests looking to eat in. The kitchen of this bagel shop for sale is fully with all necessary equipment for not only cooking bagels but breakfast sandwiches, lunch and dinner items. Sales in 2017 were $755,000 and is on track to do more than $830,000 in 2019. The lease runs through to 2028.
Riverhead is a wonderful place to work and live. The demographics in Riverhead make it attractive for anyone entering the business and buying this restaurant for sale. With an average household income of $68,000, the average age of 38 and a large population within a 5-mile radius. This is the perfect location to keep this current business thriving.

Detailed Information

Location:
Riverhead, NY
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
9/1/2027
Employees:
10
Facilities:
hood flattop ovens convection oven refrigerators freezers walk in box ample dry storage shelving small appliances smallwares
Competition:
Great centralized location 14 Years in business No close competition
Growth & Expansion:
Growth will come from social media marketing Catering and delivery will add a lot to the bottom line
Support & Training:
yes
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
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Michael Kelly

Business Listed By:
Michael Kelly

We Sell Restaurants

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).


Sponsoring Broker:
Eric Gagnon

Listing Statistics

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Demographic Information

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