Seller's Contact Information
- RE: Iconic NY Style Breakfast & Bagel Restaurant
- Contact: Randy Bring
Quick Facts
| Asking Price: | $1,850,000 | |
| Annual Revenue: | $2,913,028 | |
| Net Profit: | $553 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 240,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2006 | |
| Employees: | 30 | |
| BBN Listing #: | 7840630 | |
| Broker Reference #: | 0101906901 |
Business Overview:
Schmear, there and everywhere! The owner of this iconic New York style breakfast & lunch bagel restaurant is ready to retire and seeks a new owner to carry on the legacy. 130 seats (inside and out) plus catering and very strong takeout & delivery business. High end professional demographic community. Classic bagel breakfast menu, strong soup, and salad lunch menu and of course, an amazing bakery counter. Approximate revenue breakdown is 35% breakfast, 45% lunch, 20% catering. 2022 average weekly revenue of $56,000. Upside includes opening past current closing time into the dinner hour, a catering push, coupon, and social media campaign, etc. Full management team in place plus tenured staff help make this operation busy from 6AM opening to 3PM close. Long lease in place. This is a perfect family business and would likely support an E2 investor Visa. Ideal Buyer will have direct restaurant management experience in a high-volume similar concept. Seller financing for qualified Buyers. All interested parties to provide professional BIO and financial statement before full disclosure and sharing of offering memorandum. Please refer to listing #0101906901 & ask for Randy Bring when inquiring.
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Property Features and Assets:
2,550 Square Feet in Class-A Plaza @ $14,200/month.
Market Competition and Expansion:
Unknown/Unlimited
Reason for Selling:
Professional objectives met.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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