Bagel Store In Suffolk County For Sale

Business description

The best bagel store location in Suffolk County. Just off the Long Island Expressway. The business has been here for over 9 years. They use a rack and kettle to make the bagels. This is seating for 16 in a spacious 1,700 sq. ft. store with 10 years remaining on the lease and only 3% rent increases. Rent is only $4000/mth. (incl. tax and CAM) The parking lot can hold over 200 cars. In 2010, this business grossed approx. $658,000.00 with a Net of approx. $200,000.00. You will not find a cleaner store. There are many opportunities to grow this business beyond where it stands today. The owner has eliminated the wholesale business. There is no delivery. Hours can be extended. This is really the only major player in the area. We are looking for serious buyers only! The ideal candidate must have some bagel or deli experience and at least $350K in liquid capital for a down payment.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

personal

Employees:

9

Years established:

2002

Franchise terms

Just off the Long Island Expressway. The business has been here for over 9 years. They use a rack and kettle to make the bagels. This is seating for 16 in a spacious 1,700 sq. ft. store with 10 years remaining on the lease and only 3% rent increases. Rent is only $4000/mth. (incl. tax and CAM) The parking lot can hold over 200 cars. In 2010, this business grossed approx. $658,000.00 with a Net of approx. $200,000.00. You will not find a cleaner store. We are looking for serious buyers only!

Other information

Support & training:

yes

Financing available:

330,000 down & $220K over 4 yrs. @ 6.5%