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Business for Sale Summary

Long Island Established Bagel Store for sale - 33904

Business Type: delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bagel stores
Owner Financing
Long Island Established Bagel Store for sale
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This business has received 89 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $175,000
Gross Revenues $501,238 Lease Remaining Register Free to View
Owner’s Cash Flow $130,598 Number of FT Employees Register Free to View

Financing

$175,000 Down and $50k over 4 yrs. @ 6%

Business Description

Established Bagel Store in a great N.Shore shopping center. Price Reduced. This is best bagel store deal on the market right now, in this price range. SBA pre-approved for a buyer with good credit, collateral and at least 10-30% of the asking price available in liquid funds. This is a fully equipped store in a major shopping center with great parking and visibility. The shopping center has virtually no vacancies and parking for well over 100 cars. It is located in an affluent north shore town and has seen an increase in sales year over year. This store was originally opened 24 years ago. Bagel dough is brought in from outside and cooked in their rack oven. Minimal prep. There are NO franchise fees or royalties. In 2020 the business has documented sales of $501,238.00 with an owner's cash flow of $130,598.00. These numbers come straight from the 2020 tax returns. The store is 1,800 sq. ft. with a full kitchen. It is meticulously maintained. Just look at the pictures. The rent is $4,500/mth. This is a very fair rent for this high traffic area. This storefront feels much bigger than it is. It must be seen to be appreciated. The kitchen is spotless. Delivery was just added. Hours can be extended. We are seeking a serious and financially qualified buyer with at least $175K in liquid funds to cover the down payment if you would prefer seller financing over SBA financing. You MUST have good credit for landlord approval! To learn more, please call, text or email Mel Vaz today at 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.