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Businesses For Sale   >>   Absentee Businesses For Sale   

Bagel Deli Business

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $289000
Net Profit / Cash Flow  $45000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1986
Number of Employees  10 - 19
Inventory  1500
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  The owner will remain post-closing for 30 days and supply a transitional period
Reason for Sale  The owner is absentee and not involved in the daily operation.

Description  
Solid opportunity for this twenty eight year old Bagel Deli business located in Northern New Jersey, Sussex County. The business is located in an active commercial mall near various other successful businesses. This Bagel shop is fully equipped with a wonderful reputation. The present owners are completely absentee and not involved in the day to day operation. The sellers have priced the business very aggressively with a modest down payment and owner financing to a qualified buyer. This particular business has 2 full time and 8 part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll of approximately $4,917. The business has an assignable commercial lease which expires July 30, 2015, with plus additional options. Current monthly rent of $3,500 and rent security $3,000. The business facility which consists of 1,200 square feet has a capacity for approximately fifteen customers. The sale includes a fully equipped Bagel Deli shop including a commercial kitchen, two Bain maries, drink cases, 3 foot electric grill, former divider machine, deli case, refrigeration & freezer units, commercial mixer, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day operation. The facility has substantial mall private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 4:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required food license approval from the city. The sale includes a long term lease agreement at a fair and modest rent cost. This is a solid business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 33% investment return to the owner operator.


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