Bagel Shop for Sale in Margate, Florida

Margate, FL
Broward County


Asking Price: Annual Revenue:
$250,000 $424,465

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Bagel Shop for Sale in Margate, Florida Broker: Ken Eisenband

Quick Facts

Asking Price: $250,000
Annual Revenue: $424,465
Net Profit: Not Disclosed
Cash Flow: $102,003
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1994
Employees: 7
BBN Listing #: 65678096
Broker Reference #: 8605

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Business Overview:

Breakfast and Lunch Bagel Shop for Sale in Broward County. Florida provides a great income with limited hours for an Owner/Operator. Best Lease in South Florida will transfer. This bagel shop for sale, offered by the restaurant brokers, has been operating under the same name for 27 years. Current ownership has been in place since 2005. The owner is retiring and is ready to make a deal. Gross sales are consistently more than $400,000 annually and the owner/operator takes home more than $100,000 yearly. In 2021 net to owner was $115,000. This restaurant offers dine-in services and pick-up. Add delivery through third party services or your own and increase sales and profits. The restaurant has little internet presence. No website, limited social media. Build or have someone build a website, use the facebook page to advertise specials and special events, and bring in a new customer base. The breakfast/lunch bagel shop for sale by We Sell Restaurants is located within a popular shopping center in Broward County. The shopping center has just under 150,000 square feet of retail space. Anchored by a grocery store and a big box retailer, the shopping center is home to restaurants, retail, and service providers. The average daily traffic count is 51,500 vehicles. The three-mile radius population is 160,466 with an average household income of $69,508. The restaurant occupies 2,000 square feet and seats 85 guests. The monthly rent is only $3,418 per month including a CAMS and taxes. The lease expires on May 31, 2025, and there are two five-year options attached. This opportunity is too good to pass up. The hours of operation of this breakfast and lunch bagel shop allows you to balance work and family. Open seven days per week but closing at 2:30 pm each day (2 pm on Sunday). This will allow you to be home with you family every night. You can open in the evening to increase sales and profits. The menu is a customer pleaser. The breakfast menu features all your favorites. Eggs, omelets, bagels and cream cheese, nova, pancakes, waffles, and much more. Lunch menu has deli sandwiches, burgers, salads, desserts, and more. The owner is the cook and will transfer all recipes with sale and will train for two weeks at no additional cost. The restaurants kitchen is fully equipped and set up with efficiency in mind. The exhaust hood is nine feet long and the grease trap is in ground. Under the hood sits a combo flat top grill, four-eye burner with two ovens and a fryer. The refrigeration is commercial grade. The front of house has a nostalgic feel and seats 85 guests.

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Property Features and Assets:

82 Chairs 27 Tables 5 stationary stolols 2 door glass door cooler sandwich board sign 2 neon signs Refrigerated Display Case Ice Machine 2 Cash Registers Soup Kettle 2 Table Top Steam Table 3 High Chair Three Compartment Sink Residential Freezer 2 Door Stand up Cooler 2 Door Stand up freezer Fryer Combo 4 eye burner flattop 2 ovens Single Door sandwich cooler Prep Table Two Door Sandwich cooler Slicer Robot Coupe 2 Equipment Stands Assorted Pot Pans Utensils

Market Competition and Expansion:

Add delivery service for immediate increase in sales and profits. Create a website and promote business with social media.

Reason for Selling:

Retirement

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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