Bagel/Deli in Strip Mall

Not Disclosed, NJ
Monmouth County


Asking Price: Annual Revenue:
$99,900 $394,500

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Bagel/Deli in Strip Mall Broker: Ron Cervelli
Owner Financing is Available!
May be considered with an appropriate down payment.

Quick Facts

Asking Price: $99,900
Annual Revenue: $394,500
Net Profit: Not Disclosed
Cash Flow: $70,000
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 4
BBN Listing #: 39613909
Broker Reference #: BGL252

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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 health demands and the price has been set most aggressively with potential owner financing available to a qualified buyer. This 3,000 square foot Bagel & Deli business is in an active area of Monmouth County, NJ. This profitable seven-day business operation produces a consistent gross yearly income of $394,100 and a dependable net income to the owner operator, produces 40% breakfast and 60% lunch. This Bagel shop has fresh quality products with a fully equipped commercial high production kitchen. This company has four full and part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the company has a monthly payroll expense of approximately $8,750. This business transaction will offer an assignable commercial lease which will expire 2019, plus additional options, with a monthly rent of $5,483 all in, cost per square foot is estimated at $21.93 and rent security of approximately $.9,000. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

This is a long-standing successful retail facility which consist of approximately 3,000 square feet with a clean, attractive appearance and does not require any upgrades. The business is in an active commercial mall with many other retail businesses and conveniently located on a major New Jersey state highway. This opportunity is in North Central New Jersey, Monmouth County, and the area consists of various highly populated communities and a great deal of daily shoppers.

Market Competition and Expansion:

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. The business presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales. Due to the location, this company can offer wholesale products to other local restaurants.

Reason for Selling:

The sale is due to the owner’s retirement and pers

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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