Profitable Manhattan Bagel Franchise Business for sale in an active commercial mall in Northern New Jersey, Essex County. The business produces a gross income of $682,353.35 and a Verifiable net yearly income of $90,000.
This franchise location is known for its excellent product quality and exceptional service. The franchise supplies and delivers the food products to the business location, reducing the time and labor cost to the business operator, which results in a higher net cash flow.
The 1,800 square foot facility is conveniently located within a very busy commercial mall that demands this service. This location offers a full menu, seating for 20 customers, and quick service for take-out orders. The state of the art equipment is only seven years old, and in excellent working condition.
The sale requires franchise approval and two weeks of training. The facility consists of approximately 1,800 square foot with a customer capacity for 35 and a seating capacity for twenty customers. The business location has substantial private parking which is included in the commercial lease agreement. The business operates seven days a week with hours from 6:00 am to 4:00 pm. The business has a municipal food handler's license and is franchise approved. The sale includes a ten year lease agreement expires 2014/01/01 with a total monthly rent of $7,150 and rent security of $10,000. This business has approximately five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $11,000.
Based on the asking price, required down payment and yearly net income, this business expect to supply a 45% investment return to the owner operator prior to debt service. This is an excellent investment, please call for further details. The industry requires Franchise approval.