Listing Number: 189597-588672
Description
This bagel store has all the right ingredients and blows every other bagel store on the market out of the water! High revenue, massive store, immaculate condition, cheap lease, former bakery, prime location, seller financing, friendly sellers and huge upside potential with growing the wholesale business. This bagel store once operated as the hub for a well known chain of bagel stores. The building is close to 4,000 sq/ft and houses a fully equipped bakery/kitchen, storage area and loading dock which can produce hundreds of dozens per day if it was staffed. The current owner only makes bagels for their own store and one other wholesale account which buys 50k/yr from him. The owners are a husband and wife team that work full time with an additional crew of 4 full time employees including the baker. The store is open from 6am-3pm and closed on Tuesdays (more potential). The lease has 8 years remaining at a below market rent of $4,100/month which is ridiculously cheap for the size of the building. Seller will hold a note for 100k @ 6%. Priced at less than 1.5 times current cash flow you can make back your money in 15 months and double the value of the business at the same time by expanding the wholesale operation. With these facilities, you have the opportunity to have the largest wholesale bagel operation in town. This is by far the best bagel store deal on the market! If this business isn't in contract by the end of the month, I'll eat my hat!!
Listing Details
- Price: $249,000
- Down Payment: $150,000
- Sellers Discretionary Earnings: $150,000
- Total Sales: $700,000
- Location: Monmouth County, New Jersey
- Inventory: $10,000
- FF&E: $200,000
- Employees: 4
- Year Established: 2018
- Reason for Selling: Retirement
- Category: Restaurants
