Established Bklyn Bagel Retailer/Wholesaler 30073

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
$625,000 $1,084,984

Food & Beverage: Convenience Stores

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RE: Established Bklyn Bagel Retailer/Wholesaler 30073 Broker: Jay Goldman
Owner Financing is Available!
$500,000.00 Down & $125,000 over 24 months at 6%

Quick Facts

Asking Price: $625,000
Annual Revenue: $1,084,984
Net Profit: Not Disclosed
Cash Flow: $271,542
Total Debt: Not Disclosed
FF&E: $450,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 11
BBN Listing #: 47584447
Broker Reference #: 30073

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Business Overview:

This Long Established Bagel Retailer/Wholesaler in a densely populated business and residential section of Brooklyn has been under the same ownership since 1974. Its secret bagel and bialy recipe keeps bringing in new and old customers alike. It grosses $78,500/month in-store retail and $12,000/month wholesale, which is distributed by one full-time driver. The owner nets $270,000/year without doing any catering deliveries at all and he's only just begun to accept internet & phone delivery orders, which should significantly boost the top and bottom lines. Open from 5am to 1am, 7days a week, this famed establishment runs mostly absentee with 2 loyal managers, 7 in-store full-time employees, and one part-time grill guy. Should you decide to be hands-on and replace one of the managers, you can put even more in your pocket. You will find 2,000 square feet at street level and another 1,500 in the basement, which contains $450,000 in fixtures, furniture and equipment (see photos), which is all included in the asking price. The look and feel of the front-end of the store could use some updating and still stay authentic! Deals like this don't come along that often, so please obtain the address for listing 30073 and then discreetly visit the store as if you were a customer. Please do not mention to anyone that it is for sale. Then, kindly contact listing broker Jay Goldman for an appointment to meet with the owner to find out more and get a full tour of the facilities. Please contact us for further information.

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Reason for Selling:

The owner needs to retire, but not before giving you

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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