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This Business has been Sold!
Closing Date: 03/16/2012

Business for Sale Summary

Great Bagel Store with Low Rent - 21162

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
Great Bagel Store with Low Rent
On March 16th 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 $60,000 Down Payment $60,000
Gross Revenues $269,963 Lease Remaining Register Free to View
Owner’s Cash Flow $76,274 Number of FT Employees Register Free to View

Financing

$60,000 Down and Possible. Owner will entertain any reasonable offer.

Business Description

Great Bagel Store with Low Rent. Currently Closed for the season. This store is in a picturesque Hamptons community. The store is 1200 sq. ft. with a rent of only $2,300/mth. (inc. taxes and CAM). There are 7 years left on the lease. It is a satellite store. This means that no baking is actually done there. All items come prebaked from a nearby supplier. This is ideal for a buyer with limited experience looking to buy their first store. The seller is happy to stay on for a transition period to show you how to do everything. This store can be modified into more of a cafe/deli as well. Hours can be extended. Right now they are open 7 days, from 6am-2pm in the Winter. In 2010, the store grossed approx. $275,000.00 with a Net Income of $76,274.00. We are looking for serious buyers only! Experience is not necessary. You must have at least $90K in liquid capital. If you met 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.