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This Business has been Sold!
Closing Date: 04/22/2014
Broker: Syed Ahmed

Business for Sale Summary

Bagel Store - 24660

Business Type: retailing businesses,bagel stores,other eating & drinking places,special situations,seller financing available
Sold
Bagel Store
On April 22nd 2014, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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 $600,000 Down Payment $300,000
Gross Revenues $916,000 Lease Remaining Register Free to View
Owner’s Cash Flow $224,800 Number of FT Employees Register Free to View

Financing

$300,000 Down and

Business Description

This attractively-located bagel business is situated at a strip mall, which itself is in the midst of a very crowded commercial hub. Its size is 3000 sq.ft. As there is no other bagel shop around the neighborhood, so it is extremely busy until 2 p.m. Lunches are as packed as the morning hours. Interior is in an excellent condition; as one enters, one will be impressed by the seating arrangements, and the way the bagels are served. Weekly gross sale is $18,000, with Monday off. A new buyer can increase the revenues, by opening on Monday too. The seller owns it for fourteen years. Due to a family situation, she wants to move to another state, so, with $300,000 as a down payment, she is willing to hold a note for five years. It is known as the best bagel in the town. The seller's net cash flow, after paying all the expenses, is over $200,000 a year. Seeing is believing. Visit the site, and you are going to love buying it. Call Syed at 631-374-7686 for more information.

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.