HS Listing ID-67856
Asking Price: $350,000
Gross Revenue: $1,236,648.00
Net Profit (SDE): $172,032.84
Important Annual Expenses:
Rent: $67,548.00 ($5,629.00/month)
Payroll: $301,599.96 ($25,133/month)
Cost of Goods: $597,540.00 ($11,491.15/week)
Business Highlights
Established: The store is well-known in the community and has built a loyal following over the years in the Sheepshead Bay, Madison, Homecrest, Brighton Beach vicinity with strong community recognition and a loyal customer base.
Location & Presence: Busy Brooklyn corridor with consistent foot traffic, strong visibility, and established neighborhood reputation.
Financial Performance: Generates $1.2M+ in annual revenue with $125K–$150K in SDE under absentee ownership; historically reached $35K–$38K weekly sales, currently averaging $25K–$26K.
Lease Terms: Eight years remain on the lease, with landlord open to extend for 10 years plus a 5-year option. Rent details available upon request.
Staffing: Team of seven employees, including 1 manager, 2 deli workers, 1 grill cook, 1 cashier, 1 delivery driver, and 1 phone operator. The owner is largely absentee, with the manager overseeing daily operations.
Catering: Recurring weekly catering accounts, including corporate clients such as Amazon warehouses, with further opportunity to expand.
Delivery: Strong presence on third-party platforms including Uber Eats, DoorDash, and Grubhub, contributing consistent daily sales.
Owner/Operator Upside: Significant opportunity for a hands-on owner to cut payroll, bring bagel production back in-house, improve margins, and increase earnings to $200K+.
Reason for Sale: Seller is focused on other ventures and no longer actively involved in the store’s daily operations.
Production: Bagels are being sourced from other locations; but store has capability to make them in house to cut costs.
Assets & Growth Opportunities: Recent upgrades include refrigerators, open coolers, and a walk-in compressor. Additional upside from payroll optimization, catering expansion, and a modest interior refresh to enhance customer experience.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Ad#:2422410
