Business For Sale

Bagel & Deli Active Mall

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$160,000 $380,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Bagel & Deli Active Mall Broker: Ron Cervelli
Owner Financing is Available!
Can be considered with an appropriate down payment.

Quick Facts

Asking Price: $160,000
Annual Revenue: $380,000
Net Profit: Not Disclosed
Cash Flow: $75,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 5
BBN Listing #: 66613909
Broker Reference #: BGL234

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Business Overview:

Long established bagel and deli business in a densely populated urban area of Bergen County, NJ. The business has a gross income of approximately $380,000 and a consistent net income to the owner operator. The current owner is retiring after many successful years. This well-known business is centrally located in a highly active commercial mall with a national food chain anchor with substantial mall parking. The location is just a few miles from Giants Stadium and services a large volume of daily shoppers and workers. This sale includes a commercial kitchen and fully equipped for high volume production with a seating capacity for ten customers. The bagels are water cooked and hand rolled for excellent taste and quality and an excellent reputation throughout the area. This business can be further developed with additional marketing and improved catering service for an increased income. The business fixed assets has an estimated value of approximately $75,000 which is based on replacement cost. This business has five employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $6,650. The business is operational seven days per week from 5am-5pm. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,400, cost per square foot is $28.72 and rent security of approximately $8,000. This is a must-see opportunity, and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

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Property Features and Assets:

Located in a highly active commercial mall on a commercial avenue of Bergen County, New Jersey. This mall services a huge volume of shopper’s due to the active super market and various businesses at this location. There is also a high volume of industry and residents in the general area which requires this food service. The facility consists of 1,350 square feet with seating for ten customers. The business facility has a fully equipped commercial kitchen with a wonderful image.

Market Competition and Expansion:

No other Bagel Deli businesses are in the immediate area of this facility and the seller will supply a five year, five miles non-compete agreement to purchaser. Although competitors presently exist in the industry, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. With a web site and additional marketing to increase delivery & catering the business can be further developed and improved.

Reason for Selling:

The owner is retiring after many successful years.

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.

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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