Business Overview:
A successful Bagel Deli and Lunch business located in a commercial, urban area of Bergen County, New Jersey. The business is very attractive and is conveniently located in the center of town, near a major hospital, churches, a local train station and plenty of high rise buildings. The sale includes a long term lease with very low monthly rent payments. The business produces yearly sales of $244,000 and a stable net income of $62,000. The operation can be further developed with a delivery service and additional marketing. The present owner is absentee, has relocated out of state and cannot continue to maintain the business. Therefore, he has priced the business for immediate purchase!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Located in a high traffic, commercial area of Bergen County, New Jersey with many other business and daily shoppers. This is a highly active urban area with a continued demand for fast food services. The facility is an attractive storefront on a busy avenue and consists of 1,400 square feet with a service counter and private seating for its patrons. A basement is included for additional storage area. The business has an existing 4 year lease plus two additional 5year options for continuation. Current monthly rent payments are $1,102.50.
Market Competition and Expansion:
No similar competitors exist in this particular area. The business does not do deliveries and can increase advertising in order to develop the business income.
Reason for Selling:
Absentee; has relocated to Florida and cannot adequately maintain the business.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.