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Business for Sale Summary

Super Successful Bklyn Bagel Retailer & Whlsr - 30073

Business Type: delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes,all industries,best deals!,kosher,new to market,seller financing available,bagel stores
Owner Financing
Super Successful Bklyn Bagel Retailer & Whlsr
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Financial Information (non-confidential)

General Information
Asking Price $625,000 Down Payment $500,000
Gross Revenues $1,084,984 Lease Remaining Register Free to View
Owner’s Cash Flow $271,542 Number of FT Employees Register Free to View

Financing

$500,000 Down and $125,000 over 24 months at 6%

Business Description

This Long Established Bagel Retailer/Wholesaler in a densely populated business and residential section of Brooklyn has been under the same ownership since 1974. Its secret bagel and bialy recipe keeps bringing in new and old customers alike. It grosses $78.5K/mo in-store retail and $12K/mo wholesale, which is distributed by one full-time driver. The owner nets $270K/year without doing any catering deliveries at all and he's only just begun to accept internet & phone delivery orders, which should significantly boost the top and bottom lines. Open from 5am to 1am, 7days a week, this famed establishment runs mostly absentee with 2 loyal managers, 7 in-store full-time employees, and one part-time grill guy. Should you decide to be hands-on and replace one of the managers, you can put even more in your pocket. You will find 2,000 square feet at street level and another 1,500 in the basement, which contains $450K in fixtures, furniture and equipment (see photos), which is all included in the asking price. The look and feel of the front-end of the store could use some updating and still stay authentic! Deals like this don't come along that often, so please obtain the address at www.vestedbb.com for listing 30073 and then discreetly visit the store as if you were a customer. Please do not mention to anyone that it is for sale. Then, kindly contact listing broker Jay Goldman for an appointment to meet with the owner to find out more and get a full tour of the facilities. Please call 1-877-735-5224 for further information.

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. kg

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.