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Business for Sale Summary

Bagel and Deli in Suffolk County, NY - 18329

Business Type: seller financing available,special situations,best deals!,bagel stores,retailing businesses,delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes,misc. retail/non-classifiable
Owner Financing
Bagel and Deli in Suffolk County, NY
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Financial Information (non-confidential)

General Information
Asking Price $289,000 Down Payment $175,000
Gross Revenues $455,000 Lease Remaining Register Free to View
Owner’s Cash Flow $115,897 Number of FT Employees Register Free to View

Financing

$175,000 Down and $114k over 5 years @ 6%

Business Description

Well-established bagel store and deli on the North Shore of Long Island. For over 30 years this family owned business has been providing quality food and service. The current owner has been here for the past 12 years. They use a rack oven and pre-made, frozen bagels from a wholesaler. There is more than enough space to add an extruder and mixer to make the bagels on site. Or you can hand roll them. This is a spacious 2,000 sq. ft. store with 7 years remaining on the lease and a very fair landlord. There are very few restrictions in the lease. This is a perfect location add ice cream or ices, even burgers, fries, etc. There is seating for 23. The parking lot can hold over 40 cars. It is in a seasonal area where Summer sales can average $15K/wk. They are selling after 12 years as the owner wants to pursue other interests. In 2010, this business grossed approx. $475,000.00 with a Net of approx. $115,000.00. This is a clean and spacious store. Make a move now before the busy season. We are looking for serious buyer only! The ideal candidate must have some bagel or deli experience. If you meet 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.