LAKEHURST, New Jersey
| Asking Price |
$145,000 |
Year Established |
2010 |
|
| Annual Revenue |
$350,000 |
Reason for Selling |
other interests |
|
| Annual P/L |
|
Attention |
Elliott Dweck |
|
| Annual Cash Flow |
|
Listing Number |
986403 |
|
| # of Employees |
2 |
Business Category |
Food & Beverage: Production - Bakery, Farms, Winery |
|
Business Overview:
UNDER CONTRACT AFTER JUST 10 DAYS ON THE MARKET! THE LAST BAGEL STORE WE SOLD WAS UNDER CONTRACT AFTER JUST 3 DAYS ON THE MARKET! CALL ELLIOT IF YOU WANT TO SELL YOUR BAGEL STORE! (917) 757-7715
This bagel store is part of a 22 store well recognized NJ brand. The franchise agreement requires only that the Franchisee purchase the bagels from them. It's the best of both worlds! There are no royalty payments and the bagels are supplied by the franchisor which means no overnight work needed to make them. This store has been in the same location for 15 years and is well known in the town. The store does 350k/yr. Store is open every day 7am-2pm. Rent is very cheap at $2700/month. In the past few months, the owner refreshed the store, including installing new floors, signage throughout the store, new tables, and new chairs. Store is located in a booming shopping center on a busy highway. After owning the store for a year, the seller purchased a larger store and does not have time to operate both of them. Because of that, he wants to sell quickly so he can turn his focus to his other store. Seller only spends 8 hours/wk in this store so there’s tremendous upside potential for a buyer to work full time and increase sales significantly. Another opportunity for expansion is to use delivery services such as UberEats and GrubHub, which the current owner does not utilize. This is a real seller who will transact quickly and efficiently. If you don't have any experience in bagels, food, or retail, and are looking for 3 years of audited financials to get bank financing, this one may not be a fit. If you are a savvy cash buyer that understands that this is a bagel store and can get a feel for the business operation the old school way, buy this tomorrow.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is a franchise resale opportunity