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Business for Sale Summary

Bagel, Bakery and Coffee Shop- Cape May County, NJ - 29711

Business Type: retailing businesses,bagel stores,bakers & confectioners,other eating & drinking places,other food stores,restaurant/ cafes
Owner Financing
Bagel, Bakery and Coffee Shop- Cape May County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $175,000
Gross Revenues $600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $175,000 Number of FT Employees Register Free to View

Financing

$175,000 Down and $124,000 at 2 years

Business Description

A modern cafe and grille, located down the shore in Cape May County. Less than three years old, the seller is forced to sell his business to settle an estate. All baking (bagels, pastries and muffins) is done on premises- the bakers will stay. The cafe offers a full breakfast and lunch menu, and the grille adds additional menu items for dinner. The business has grown rapidly- up 70% in 2016 vs. 2015, and up again 30% YTD in 2017 vs. 2016. Despite its seasonality, the business operates year-round, and is gaining a reputation in the area, reaching workers at local businesses and permanent residents. It seats 24 people indoors and 23 outside. Plans are/were being made to add additional seating outdoors, under awning. Storage is huge, and the equipment is top-of-the-line. The buyer can also acquire an option to buy the property. This a perfect time to buy this business. The seller is motivated- ample seller financing is available Please contact the broker at 1-877-735-5224 for more information.

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. kg

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.