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Business for Sale Summary

Bagel Store for sale in Suffolk County - 33709

Business Type: delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,bagel stores
Owner Financing
Bagel Store for sale in Suffolk County
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This business has received 135 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $349,000 Down Payment $249,000
Gross Revenues $540,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$249,000 Down and $100K over 4 yrs. @ 6%

Business Description

Low Overhead Bagel Store. Fantastic reviews. This is the best bagel store deal I have seen this year! The rent is only $1,800/mth. That includes the base rent, garbage, water, and CAM. A qualified buyer may assume the existing 7 year lease (2 plus 5). This is the ideal business to purchase during the pandemic. It is a quick serve business with low overhead, deemed essential, with great margins. The space is 1,000 sf with a full kitchen including grill, hood, rack oven, walk-ins, mixer, etc. The dough is purchased from outside, not made in house. They are located in a fully occupied shopping center with great parking and 750 homes directly across the street and additional homes just up the street. In the past year the business grossed $540,000.00 with an owner's cash flow of $150,000.00. These are verifiable figures. The current owner is only at the store three days per week. There is a full staff with one FT manager and four PT employees. The current owner does no advertising and offers no delivery. There is room to add convenience and other food items to the store. This a real gem. We are seeking a serious and financially qualified buyer with at least $249K in liquid funds to cover the down payment. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.