Bagel Store & Deli on Manhattan's UES 30875

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$175,000 $1,208,000

Food & Beverage: Coffee, Cafe, Dessert


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RE: Bagel Store & Deli on Manhattan's UES 30875 Broker: Jay Goldman

Quick Facts

Asking Price: $175,000
Annual Revenue: $1,208,000
Net Profit: Not Disclosed
Cash Flow: $132,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 68284447
Broker Reference #: 30875

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Business Overview:

Price Just Reduced! Make Your Best All-Down Offer! After all expenses, this business nets $132,000/year and its owner is Only Asking $175,000 (just 1.3 times its net). The owner of this bagel store and deli, located at a very busy corner location on Manhattan's UES, can no longer give this business the attention it deserves. He must look after his ailing wife. In-store gross sales average $17,000/weekly, of which 30% is on credit cards, and the rest is in cash. Internet orders account for another $27,000/month, and that's net of delivery fees. The seller will explain how these numbers can be increased by a new owner, who is able to devote more of his time to the business. The landlord stands ready to extend the lease to at least a total of eight years and maybe ten. You will find 400 square feet at street level and another 400 square feet of usable space in the basement. The store is loaded with equipment, such as two walk-in boxes, an ice machine, a deli case, two lowboys, a tall refrigerator, a salad bar, two small freezers, an electric grill, a conveyer oven, a juicer, coffee makers, soda cases and more. You are well-advised to add an ice cream case to the mix. Please be very discreet when visiting this location, as the employees and customers do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some questions and get a full tour. Please contact us for further information. Make your best all-down offer, as this one won't last long!

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Reason for Selling:

Illness forces sale.

Additional Details:

  • The property is owned.
  • The owner is not 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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