MergerPlace

Highly Profitable Bagel/Deli Landmark

Florida


  • Asking Price: $2,900,000
  • Gross Income: $2,733,864
  • Cash Flow: $961,399
  • Real Estate: Not Disclosed
  • Inventory: $12,000
  • FF&E: $50,000
  • Listing ID: #213247
  • Established: 2007
  • Employees: 15 FT / 5 PT

Business Description

Highly Profitable Bagel/Deli Cafe for Sale in South Florida. One of the top money making cafe's you will see for sale. A local favorite for 17 years. 2018 Sales Exceed $2.7 million with an owner operator owner benefit of $960k. No other Deli or competitor within miles with an equivalent menu. All bagels are baked on the premises. Seller is a full time working owner. No Absentee owners! Buyer must have serious experience in the industry to handle this business. Lender pre-qualified & Visa Qualified. All buyers must be qualified from their lender or show proof of liquidity as the seller must approve the buyer. Lease extends to 2031. Still plenty of room for growth. Store closes at 4 pm daily but can stay open until 8 pm for the dinner crowd. Area is starving for a late night deli, owner is asked daily to stay open late. During the season seller works 6 days/week- off season 4 days/week.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 15 FT / 5 PT

Financial Information

Asking Price: $2,900,000
Gross Revenue: $2,733,864
Cash Flow: $961,399
FF&E: $50,000
Inventory: $12,000
Seller Financing Available: No

Property Information

Facilities:

Monthly Rent $10,000/Month- 2300 sq ft Facility- Lease expires Jan 2021 - Two - 5 yr. options available.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ $0 cost. Buyer needs serious Restaurant experience in the Bagel/Deli industry.

Contact Business Seller

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Business Listed By:

Russell Cohen

Murphy Business Brokers