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This Business has been Sold!
Closing Date: 02/22/2012

Business for Sale Summary

Awesome Bagel Store - 18498

Business Type: seller financing available,special situations,best deals!,bagel stores,new to market,retailing businesses,bakers & confectioners,delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes,misc. retail/non-classifiable
Sold
Awesome Bagel Store
On February 22nd 2012, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $375,000 Down Payment $375,000
Gross Revenues $512,551 Lease Remaining Register Free to View
Owner’s Cash Flow $138,583 Number of FT Employees Register Free to View

Financing

$375,000 Down and None

Business Description

Very well established bagel store on the South Shore of Suffolk County. This store was originally started by the current owner 11 years ago. They use a rack and kettle to make the bagels. This is seating for 16 in a spacious 1,800 sq. ft. store with 10 years remaining on the lease and only 3% rent increases. There are 2 major anchor tenants and the parking lot can hold over 200 cars. In 2010, this business grossed approx. $526,514.00 with a Net of approx. $138,000.00. You will not find a cleaner store. There are many opportunities to grow this business beyond where it stands today. The owner has eliminated the wholesale business. There is no delivery. Hours can be extended. The deli business can be expanded here as well. We are looking for serious buyers only! The ideal candidate must have some bagel or deli experience and at least $250K in liquid capital for a downpayment. If you meet these qualifications, call or email Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.