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Business for Sale Summary [Non-Confidential]

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Suffolk County, NY

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,misc. retail/non-classifiable

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Non-Confidencial Financial Infomation

  • Asking Price

    $550,000.00

  • Gross Revenues

    $642,965.00

  • Financing

    $ 330,000.00 Down and $220K over 4 yrs. @ 6.5%

  • Owner's Cash Flow

    $200,136.00

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Business Description

The best bagel store location in Suffolk County. Just off the Long Island Expressway. The business has been here for over 9 years. They use a rack and kettle to make the bagels. This is seating for 16 in a spacious 1,700 sq. ft. store with 10 years remaining on the lease and only 3% rent increases. Rent is only $4000/mth. (incl. tax and CAM) The parking lot can hold over 200 cars. In 2010, this business grossed approx. $658,000.00 with a Net of approx. $200,000.00. 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. This is really the only major player in the area. We are looking for serious buyers only! The ideal candidate must have some bagel or deli experience and at least $350K 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.

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