Established Manhattan Bagel Café – Fully Absentee
Asking Price: $295,000
Seller Financing Available for 20% of Purchase Price for Qualified Buyers
Established bagel café located in one of Manhattan’s most sought-after neighborhoods with strong foot traffic and consistent year-over-year growth. Projected 2026 gross sales are approximately $950,000 with estimated net income of approximately $95,000.
The business averages $17,000–$20,000 in weekly sales, with strong weekend volume. Average transaction size is approximately $15–$16 with 140–145 daily credit card transactions.
This is a fully absentee operation with a full-time manager currently in place and willing to stay post-sale. Total staff consists of 6 employees.
Current operating hours are 7:30 AM – 4:00 PM, with recently extended weekend evening hours until 8:00 PM, presenting immediate upside opportunity. Catering is currently underdeveloped and offers additional growth potential.
Operations are streamlined and simple, as bagels are sourced fresh daily from a reputable NYC wholesale supplier, eliminating the need for a bagel oven or kettle.
The approximately 450 sq. ft. storefront also includes a basement prep kitchen and walk-in cooler. Major equipment including HVAC, refrigeration, and toaster ovens are all less than two years old.
Lease Terms:
• Approximately 12 years remaining (7 years + 5-year option)
• Current rent: $11,000/month
• 3% annual escalations
Highlights:
• Fully absentee ownership
• Seller financing available for 20% of purchase price for qualified buyers
• Prime Manhattan location
• Strong online ordering presence
• Active on Uber Eats, DoorDash & Grubhub
• Simple operational model
• Opportunity to improve margins through payroll optimization
• Significant growth potential through catering and expanded hours
Reason for Sale: Retirement
PLEASE DO NOT SPEAK TO EMPLOYEES OR STAFF ABOUT THE SALE OF THE BUSINESS.
Ad#:2504699
