Profitable Bagel Store for Sale in CT - 32739

Not Disclosed, CT
Fairfield County


Asking Price: Annual Revenue:
$395,000 $700,000

Retail: Non-classifiable


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RE: Profitable Bagel Store for Sale in CT - 32739 Broker: Ross Lombardo
Owner Financing is Available!
$300,000.00 Down & $95,000 payable over 6 months @ 7%

Quick Facts

Asking Price: $395,000
Annual Revenue: $700,000
Net Profit: Not Disclosed
Cash Flow: $160,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: 5
BBN Listing #: 65974447
Broker Reference #: 32739

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Business Overview:

Well established, high volume bagel shop/deli, located in a busy shopping area with ample parking. Now available because the owner is retiring after 27 years. They have an great reputation for incredibly delicious tasting fresh bagels, and a very strong following. There is a very large indoor eating area as well as outdoor seating. This very profitable business boasts a 2,000 square feet space with a tremendous kitchen. The owner keeps excellent financial records and they gross approximately $700,000 per year with $160,000 in cash flow. There is 17 years left on the lease, and the rent is very reasonably priced. All equipment is fully paid for and is in excellent working condition. There is an extremely large 18ft x 12ft walk in refrigerator, a 14ft x 12 ft blast freezer with a 10 horse power motor, 2 huge 16 pan ovens, a 40 gallon kettle, state of the art bagel machine, Champion Barrel mixer and much much more. They do approximately 10% in wholesale business but this can be increased because the kitchen can easily handle the extra volume. Other ways to increase revenue is to add some bagel routes, catering, and increasing the menu to add some variety of food such as egg sandwiches , fresh juices, smoothies, pastries and so on. This is an incredible opportunity for someone experienced in the bagel business and must be seen to fully appreciate its potential. Owner is very motivated to sell. Please do not say anything to the employees or patrons when visiting this location as they do not know it is for sale. Kindly contact Ross Lombardo to make an appointment to speak with the seller.

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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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