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Business for Sale Summary

Established Bagel Store in Huge Shopping Center - 33558

Business Type: delicatessen/catering services,misc. retail/non-classifiable,non-classifiable establishments,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bagel stores
Owner Financing
Established Bagel Store in Huge Shopping Center
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Financial Information (non-confidential)

General Information
Asking Price $375,000 Down Payment $275,000
Gross Revenues $780,000 Lease Remaining Register Free to View
Owner’s Cash Flow $140,000 Number of FT Employees Register Free to View

Financing

$275,000 Down and $100K over 4 yrs. @ 6%.

Business Description

Established Bagel Store in a huge shopping center. 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 and has fared well through the pandemic so far. They were only closed for a few weeks and have seen an increase in sales as many local restaurants have closed or reduced hours. This store was originally opened 17 years ago and still has the same original owners. Bagel dough is brought in from outside and cooked in their rack oven. There are NO franchise fees or royalties. In the past year the business grossed approx. $780,000.00 with an owner's cash flow of approx. $140,000.00. The seller keeps records of all sales. The store is 2,000 sq. ft. with a full kitchen. There are 8 years remaining on the lease at a total rent of $6,400 (incl. tax and CAM) and only 3% 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. Delivery was just added. Hours can be extended. We are seeking a serious and financially qualified buyer with at least $275K in liquid funds to cover the asking price and inventory. You MUST have good credit for landlord approval! 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.