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Businesses For Sale   >>   Catering Services Businesses For Sale

High Volume Bagel Store And Cafe

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $686000
Net Profit / Cash Flow  $182764
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2003
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will train
Reason for Sale  Personal

Description  
High Volume Bagel Store and Cafe right off the LIE in a major shopping center with several big box anchor tenants. This is the only bagel store within 3 miles. It is very close to a huge shopping plaza. This store was originally opened 9 1/2 years ago and still has the same original owners. Bagel dough is brought in from outside and cooked in their rack oven. There is seating for 24 in a spacious 2,000 sq. ft. store with 10.5 years remaining on the lease (5.5 5) and only 3% rent increases. This storefront has very high ceilings and feels much bigger than it is. It must be seen to be appreciated. The parking lot can hold over 300 cars. In 2012, this business grossed approx. $650,000.00 with a Net of approx. $150,000.00. THE SELLER CAN GUARANTEE A NET OF $150K. The kitchen is spotless. There is limited delivery and no wholesale. Hours can be extended. We are looking for serious buyers only! The ideal candidate must have some bagel or deli experience and at least $350K - $400K in liquid capital for a downpayment, working capital, deposits, etc. You MUST have good credit for landlord approval! If you meet these qualifications, call or email Mel Vaz today at 1-877-735-5224.


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