MergerPlace

Very Profitable & Best Bagel in Town!

New Jersey (Passaic)


  • Asking Price: $129,000
  • Gross Income: $268,248
  • Cash Flow: $109,297
  • Real Estate: Not Disclosed
  • Inventory: $2,750
  • FF&E: $55,000
  • Listing ID: #207512
  • Established: 7
  • Employees: 1 Full-time and 1 Part-time

Business Description

PRICED TO SELL! Newly-renovated bagel/deli off a major thoroughfare in a nice, safe town. Bakes fresh bagels daily. Seller has his own back parking lot w/a door on both sides. He’s highly motivated due to health issues. Brand new interior walls, a new floor & a new ceiling. Brand new motors installed for the grill, vent & oven. All Furniture, Fixtures, & Equipment valued @ $55,000 in excellent condition included in sale. Close to a full size basement for storage. Has multiple corp. accounts & provides free delivery service for large existing customer base. Present specialty menu items draws many new customers. Good to add Uber Eats, Grubhub & more menu items. New qualified tenant can do a lease assignment or should get a longer lease. Contact Seth @ 201-317-4710 for additional details & showing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey
County: Passaic

Company Information

Year Established: 7
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 Full-time and 1 Part-time

Financial Information

Asking Price: $129,000
Gross Revenue: $268,248
Cash Flow: $109,297
FF&E: $55,000
Inventory: $2,750
Seller Financing Available: No

Property Information

Facilities:

There’s approximately 1,000 square feet on the main level & approximately 850 feet of space in the basement. The main level was completely renovated (6) months ago which was mentioned above. Present owner has roughly (4) years left on a (5) year lease with (5) option years. A new qualified tenant can either get a lease assignment or should be able to get a long or lease term if desired.

Growth & expansion opportunities:

A new owner should add Uber Eats and Grubhub. It’d also be a plus to expand its catering business by trying to increase its corporate client base. Some voucher advertising to area residents should boost gross sales as well.

Competition:

There’s only one bagel/deli or bagel store within roughly 3 miles besides this one Dunkin Donuts. The Store presently has a 4.8 out of 5 star rating on Google. The reviews focus on their high quality food and very friendly service.

Reason for selling:

Owner has a health issue and is having a great difficulty operating his business.

Support & Training:

Owner will provide (2) weeks of training at no cost to the Buyer(s).

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Seth Kain

Executive Business Brokers