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Business for Sale Summary

High Volume Bagel Store for sale in NY - 34294

Business Type: absentee business,bakers & confectioners,delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bagel stores
Owner Financing
High Volume Bagel Store for sale in NY
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This business has received 61 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $899,000 Down Payment $449,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$449,000 Down and $440K over 7 yrs. @ 5%

Business Description

High Volume Bagel Store with limited competition. There is no direct competitor for at least 2 miles in any direction. They offer fantastic bagels along with sandwiches, wraps, salads, pastries and more. The business has been established for 20 years with lines out the door and stellar reviews. The store is located in a huge shopping center with parking for over 400 cars. It is fully equipped. Bagels are made on site from scratch. All equipment, recipes, phones numbers and the dba are included in the sale price. The total rent is $5,000/mth for a 2,200 sq. ft. store with 13 years remaining on the current lease. In the past year the business grossed approx. $1,500,000.00 with an owner's cash flow of approx. $400,000.00. The business is fully staffed with 12 employees, including a baker and dough man. The business is open 7 days, but only from 6am-4pm. In addition, the owner is willing to take only 50% down and hold a substantial note of $440K over 7 years at 5%! There is no better vote of confidence in a business. We are seeking a serious and financially qualified buyer with at least $449K in liquid funds to cover the down payment. Proof of funds will be required before any buyer-seller meetings. To learn more, please call, text or email Mel Vaz today on 631-767-0157 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.