Great Bagel Store with Low Rent - 18431 Business Type: owner financing available,bagel stores,bakers & confectioners,delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes/ diners,misc. retail/non-classifiable
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $150,000 | Down Payment | $75,000 |
| Gross Revenues | $269,963 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $76,274 | Number of FT Employees | Register Free to View |
Financing
$75,000 Down and $75K over 2 yrs. @ 6.5%
Business Description
Great Bagel Store with Low Rent. This store is in a picturesque Hamptons community. The store is 1200 sq. ft. with a rent of only $2,300/mth. (inc. taxes and CAM). There are 7 years left on the lease. It is a satellite store. This means that no baking is actually done there. All items come prebaked from a nearby supplier. This is ideal for a buyer with limited experience looking to buy their first store. The seller is happy to stay on for a transition period to show you how to do everything. This store can be modified into more of a cafe/deli as well. Hours can be extended. Right now they are open 7 days, from 6am-2pm in the Winter. In 2010, the store grossed approx. $275,000.00 with a Net Income of $76,274.00. We are looking for serious buyers only! Experience is not necessary. You must have at least $90K in liquid capital. If you met these qualifications, call or email Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com.
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.
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