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Business for Sale Summary

Profitable Bagel Store for Sale in CT - 32739

Business Type: delicatessen/catering services,other eating & drinking places,seller financing available,bagel stores
Profitable Bagel Store for Sale in CT
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Financial Information (non-confidential)

General Information
Asking Price $395,000 Down Payment $300,000
Gross Revenues $700,000 Lease Remaining Register Free to View
Owner’s Cash Flow $160,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and 95K paable over 6 months @ 7%

Business Description

Well established, high volume bagel shop/deli, located in a busy shopping area with ample parking. Now available because the owner is retiring after 27 years. They have an great reputation for incredibly delicious tasting fresh bagels, and a very strong following. There is a very large indoor eating area as well as outdoor seating. This very profitable business boasts a 2000 sq. ft space with a tremendous kitchen. The owner keeps excellent financial records and they gross approximately $700,000 per year with $160,000 in cash flow. There is 17 years left on the lease, and the rent is very reasonably priced. All equipment is fully paid for and is in excellent working condition. There is an extremely large 18ft x 12ft walk in refrigerator, a 14ft x 12 ft blast freezer with a 10 horse power motor, 2 huge 16 pan ovens, a 40 gallon kettle, state of the art bagel machine, Champion Barrel mixer and much much more. They do approximately 10% in wholesale business but this can be increased because the kitchen can easily handle the extra volume. Other ways to increase revenue is to add some bagel routes, catering, and increasing the menu to add some variety of food such as egg sandwiches , fresh juices, smoothies, pastries and so on. This is an incredible opportunity for someone experienced in the bagel business and must be seen to fully appreciate its potential. Owner is very motivated to sell. Please do not say anything to the employees or patrons when visiting this location as they do not know it is for sale. Kindly contact Ross Lombardo at 877-735-5224 to make an appointment to speak with the seller.

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.

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.