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Newly Opened and Fully Renovated Bagel shop in Sheepshead Bay Brooklyn.Business only has been open for approximately 4 months, Owner has prior experience in Pizza Shops, and had no prior experience in the Bakery/Bagel business. Thus, he is looking to sell.Bagel shop has all brand new equipment and ready to run without any fixing and/or renovations!
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High profit margin business. Established in 2013. They have 7 trucks. They customized their trucks to handle one trip whereas in the past it would take 3 to 4 trips to handle the same volume. They work on county contracts and are a subcontractor to some of the largest waste companies. Revenue has been consistent in the $2M plus range with the sellers discretionary earnings (SDE) in the $750,000 to $950,000 range. This year 2021 they are on pace to hit $1,000,000 in SDE. The owner has started another business venture. We are asking $3.5M including the trucks which are estimated to be worth in the $1,000,000 range and equipment.
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