Seller's Contact Information
- RE: Bagel Deli Cafe
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $159,900 | |
| Annual Revenue: | $410,000 | |
| Net Profit: | $75 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 125,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | 4 | |
| BBN Listing #: | 98853909 | |
| Broker Reference #: | BGL296 |
Business Overview:
Great location for this successful many years in the food bagel and deli industry and owner is now retiring. The owner will finance this transaction with a modest down payment to a qualified buyer. The business is solid opportunity based on gross sales and substantial growth potential. The staff will remain after closing and this sale is confidential. This is a dependable safe business opportunity and based on the terms of sale, this business expects to supply a consistent return on investment to the owner operator. The 2022 yearly gross income as represented by the owner is $400,000 and the business has a yearly net income of approximately $77,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be further improved from the previous year. A formal due diligence is recommended buy broker.
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Property Features and Assets:
This business opportunity is in north central New Jersey, Sussex County on a highly active four land county road with thousands of drives by vehicles. This business facility consists of approximately 1,600 square feet with a clean and attractive appearance and a seating capacity for twenty-four customers. The business is in an active commercial mall conveniently located for its various customers.
Market Competition and Expansion:
Regarding competition, to the best of our knowledge, 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.
Reason for Selling:
Owner retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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