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Business for Sale Summary

High Volume Bagel Store in Prime Location - 34084

Business Type: delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,bagel stores
Owner Financing
High Volume Bagel Store in Prime Location
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This business has received 46 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $600,000
Gross Revenues $1,162,743 Lease Remaining Register Free to View
Owner’s Cash Flow $355,689 Number of FT Employees Register Free to View

Financing

$600,000 Down and 250k over 5 years @6% financed to a qualified buyer

Business Description

High Volume Bagel Store in Prime Location. *Price Reduced* This is the bagel store you have been looking for! First off, they have fantastic bagels, a 25 year stellar reputation and lines out the door. Countless 5 star reviews. Secondly, they are in a prime shopping center with parking for over 150 cars. Thirdly, they are fully equipped and make the bagels on site from scratch. All equipment, recipes, phones numbers and the dba are included in the sale price. The baker will train a new owner on everything. The total rent is $6,100/mth for a spacious store. That includes tax and CAM. The landlord is willing to give a qualified tenant a new long-term lease. In the past year the business grossed approx. $1,162,743.00 with an owner's cash flow of approx. $355,689.00. They can maintain 30% margins because the owners pay attention to the bottom line and make everything in-house. In addition to the owner, there are 10 employees. The business is open 7 days, but only from 6am-3pm. They do not offer any wholesale or delivery. They have minimal deli offerings. These are just a few additions that can be made, if desired. This business has generated tremendous wealth for this family and they are now looking to slow down. You will not meet a more honest and sincere seller. He is willing to stay on for a thorough training and transition period and will be only a phone call away post-sale. He lives in the area and would like to see the new owner succeed. In fact, he is willing to take a risk with the new owner by holding a note. There is no better vote of confidence in a business. We are seeking a serious and financially qualified buyer with at least $600K 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.