Financing: $249,500.00 Down and None.
Reason for Selling:Retirement.
Established Bagel Store in a huge shopping center. Price Reduced! Sales up nearly 8% in 2022! This is a fully equipped store in a major shopping center with several big box anchor tenants. The shopping center has virtually no vacancies and parking for well over 500 cars. This is the only bagel store within 3 miles. It is in a prime location. This store was originally opened 18 years ago and still has the same original owners. Bagel dough is brought in from outside and cooked in their rack oven. The oven was just replaced one year ago. There are NO franchise fees or royalties. In the past year the business grossed approx. $830,000.00 with an owner's cash flow of approx. $128,000.00. The seller keeps records of all sales. The store is 2,000 sq. ft. with a full kitchen. The landlord is offering a new 15 year lease (10 plus 5) for a well-qualified buyer. The current rent is $6,566 with only 3% annual rent increases. This is a very fair rent for this high traffic area. This storefront has very high ceilings and feels much bigger than it is. It must be seen to be appreciated. The kitchen is spotless. Door Dash was just added in the past few years, but other than that there is virtually no online or social media presence. Hours can be extended. We are seeking a serious and financially qualified buyer with at least $249,500 in liquid funds to cover the asking price. You MUST have good credit for landlord approval! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or firstname.lastname@example.org. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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