Bagel Deli in Mall

Not Disclosed, NJ
Ocean County

Commercial Mall


Asking Price: Annual Revenue:
$139,000 $4,500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Bagel Deli in Mall Broker: VICTORIA GARCIA
Owner Financing is Available!
Seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Quick Facts

Asking Price: $139,000
Annual Revenue: $4,500,000
Net Profit: $85,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 1985
Employees: 7
BBN Listing #: 27063909
Broker Reference #: BGL288

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Business Overview:

Wonderful business opportunity to own this modern Bagel & Deli business in an active commercial mall with high volume traffic and lots of private parking. The sale is due to the owner’s semi-retirement and the price has been set most aggressively with owner financing available. This 1,850 square foot Bagel & Deli business is in an active area of Ocean County, NJ, produces 60% breakfast and 40% lunch. This profitable seven-day business operation produces a consistent gross yearly income of $400,000 plus, which consists of seller discretionary income and a dependable net income to the owner operator. This Bagel shop has fresh quality products with a fully equipped commercial high production kitchen for its water bagel products. Based on the asking price, required down payment and net income this business is projected to continue to supply a solid return on investment to the owner operator prior to debt service. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses.

The 2019 yearly gross income is $400,000 plus, and the business has a yearly net income of approximately $55,000 based on an onsite owner operator and prior to any debt service. The 2022 gross income is projected to be greater than the previous year. Also due to seller discretionary income, an appropriate due diligence is available to purchaser.

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Property Features and Assets:

This is a long-standing successful retail bagel shop which consist of approximately 1,850 square feet with a clean, attractive appearance and does not require any immediate upgrades. The business is in an active outdoor commercial mall with many other retail businesses and conveniently located on an active highway. This opportunity is in central New Jersey, Ocean County, and the area consists of various highly populated communities and a great deal of daily shoppers.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, due to various circumstances, 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:

Retiring

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.

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