MergerPlace

Opportunity knocks with this Bagel Store

Newburgh, New York (Orange)


  • Asking Price: $159,000
  • Gross Income: $366,000
  • Cash Flow: $75,000
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $10,000
  • Listing ID: #199874
  • Established: 2017
  • Employees: 4 FT - 2 PT

Business Description

Get in on the ground floor, beautiful Bagel store! The floors are brand new and the location has shown steady growth since its opening. Located in a very busy strip mall in Newburgh, NY. The mall is a well kept. There is a full scale Boars Head Deli, extensive 40 Topping Chop Salad Bar, Fresh Bakery Pastries, Extensive lunch & Breakfast Menu and 16 varieties of Bagels alongside a growing catering business. Don't let this one get away.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New York
Metropolitan Area: Newburgh
County: Orange

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT - 2 PT

Financial Information

Asking Price: $159,000
Gross Revenue: $366,000
Cash Flow: $75,000
FF&E: $10,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

Well maintained busy strip center. 2,000 square feet and completely built out for our business; everything was custom made. We have seating for 36 customers The current lease is a triple net lease with a base rent of $3,053 per month and there are two five year options with this lease.

Growth & expansion opportunities:

This location is brand new with a great setup in the very busy route 300 corridor. The potential, to get in on the ground floor and grow the corporate catering and retail business is huge.

Competition:

The only bagel deli on the entire Route 300 corridor, the market area is a large mix of business, car dealerships, offices, and single family homes located within a three mile radius. Huge potential and growing fast with over 150 business at the current time. We only deliver to business.

Reason for selling:

This location is too far from the other stores.

Support & Training:

The seller is willing to train (negotiable). The buyer would have to change the name of the Business.

Contact Business Seller

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Business Listed By:

Ron DeMara

Capital Business Solutions