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Very Profitable & Best Bagel in Town!

Passaic County, NJ

Seller Financing Available
Very Profitable & Best Bagel in Town!
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Asking Price: $115,000

Cash Flow: $114,379

Gross Revenue: $283,213

EBITDA: N/A

FF&E: $55,000

Inventory: $2,750

Rent: $34.80 /Month

Established: 2011

Very Profitable & Best Bagel in Town!

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Business Description

PRICED TO SELL! Newly-renovated bagel/deli off a major thoroughfare in a nice, safe town. Bakes fresh bagels daily. Seller has his own back parking lot w/a door on both sides. He’s highly motivated due to health issues. New interior walls, a new floor & a new ceiling. Brand new motors installed for the grill, vent & oven. All Furniture, Fixtures, & Equipment valued @ $55,000 in excellent condition included in sale. Close to a full size basement for storage. Has multiple corp. accounts & provides free delivery service for large existing customer base. Present specialty menu items draws many new customers. Recently added UberEats which has boosted sales. Owner will finance up to $20,000 over 18 months. Contact Seth Kain @ 201-317-4710 for additional details & showing.

Detailed Information

Location:
Passaic County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Employees:
1 Full-time and
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There’s approximately 1,000 square feet on the main level & approximately 850 feet of space in the basement. The main level was completely renovated (6) months ago which was mentioned above. Present owner has roughly (4) years left on a (5) year lease with (5) option years. A new qualified tenant can either get a lease assignment or should be able to get a long or lease term if desired.
Competition:
There’s only one bagel/deli or bagel store within roughly 3 miles besides this one Dunkin Donuts. The Store presently has a 4.8 out of 5 star rating on Google. The reviews focus on their high quality food and very friendly service.
Growth & Expansion:
A new owner should add Uber Eats and Grubhub. It’d also be a plus to expand its catering business by trying to increase its corporate client base. Some voucher advertising to area residents should boost gross sales as well.
Support & Training:
Owner will provide (2) weeks of training at no cost to the Buyer(s).
Reason for Selling:
Owner has a health issue and is having a great difficulty operating his business
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(from currently available funds)
 
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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