Bagel Deli Nets $200k

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
Not Disclosed $1,500,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Bagel Deli Nets $200k Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: $160,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 13
BBN Listing #: 92393909
Broker Reference #: BGL243

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Business Overview:

Solid business opportunity for this highly successful bagel and deli business in an active area of Brooklyn New York with a yearly gross income of $1,500,000 and an estimated net income of $200,000. This thirty-year-old very well-known business is known for its quality foods and excellent service. This bagel/ deli offers a full line of bagels and deli foods for breakfast, lunch, and diner. This New York deli offers homemade bagels with a New York touch. Conveniently located, this deli has been a staple in the community for many years. Their bagels are fresh-baked in-store every day the classic NY-Style way, boiled and baked with the best of care. They use only the highest quality ingredients from market-fresh produce to meats and cheeses sliced daily in-store to bring you our timeless delicious recipes. Their customers love the fresh-baked NY-style bagels, fresh cracked eggs on the griddle, authentic deli sandwiches, wonderful salads, all prepared fresh daily. This bagel shop company consist of thirteen full & part time employees who are unaware of the pending sale. The payroll is based on an hourly basis scale, and weekly base salaries, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $35,500. The business transaction will offer an assignable commercial lease which expires 2029, plus additional options available, with a monthly rent of $5,800, cost per square foot is estimated at $47.00 and rent security of approximately $10,000. 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 the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This business opportunity is located in a highly populated area of Brooklyn New York on an active commercial avenue with numerous businesses that attract a high volume of daily shoppers and workers. This is a retail facility consisting of approximately 1,490 square feet, plus basement and has an attractive clean business appearance.

Market Competition and Expansion:

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. This deli business can be further expanded by the new operator by creating a marketing plan, delivery service and local advertising. Additionally, the company has no web site which can further develop the business yearly gross sales.

Reason for Selling:

Owner is relocating out of state.

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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