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Business for Sale Summary

Bagel Store for sale in Suffolk County - 31100

Business Type: delicatessen/catering services,misc. retail/non-classifiable,misc. servicel/non-classifiable,misc. wholesale/distribution/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bagel stores
Bagel Store for sale in Suffolk County
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This business has received 77 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $275,000 Down Payment $199,000
Gross Revenues $620,000 Lease Remaining Register Free to View
Owner’s Cash Flow $130,000 Number of FT Employees Register Free to View

Financing

$199,000 Down and $76K over 3 yrs. @ 6%.

Business Description

Fantastic Bagel Store in an industrial area just North of the LIE (Long Island Expressway Service Road). Established 24 years! This is an ideal food service business to own in the current pandemic environment as they offer a simple menu, quick in and out service and low overhead. They are only open M-F 6am- 2pm, Sat. 6am - 1pm, Sun 7am-1pm. They specialize in breakfast and lunch offering pick up and delivery options. They service the industrial area as well as the residential neighborhood. In the past year the business generated gross revenues of approximately $624,000 and an owner's cash flow of approximately $130,000.00. The space is $1,300 sf. with over 9 years left on the current lease and a rent of $4,300/mth. Due to Covid the landlord would be flexible for a well-qualified buyer with good credit. We are seeking a serious and financially qualified buyer with at least $199K 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.