Great North Shore Bagel And Deli For Sale

Business description

Well-established bagel store and deli on the North Shore of Long Island. For over 30 years this family owned business has been providing quality food and service. The current owner has been here for the past 12 years. They use a rack oven and pre-made, frozen bagels from a wholesaler. There is more than enough space to add an extruder and mixer to make the bagels on site. Or you can hand roll them. This is a spacious 2,000 sq. ft. store with 7 years remaining on the lease and a very fair landlord. There are very few restrictions in the lease. This is a perfect location add ice cream or ices, even burgers, fries, etc. There is seating for 23. The parking lot can hold over 40 cars. It is in a seasonal area where Summer sales can average $15K/wk. They are selling after 12 years as the owner wants to pursue other interests. In 2010, this business grossed approx. $475,000.00 with a Net of approx. $115,000.00. This is a clean and spacious store. Make a move now before the busy season. We are looking for serious buyer only! The ideal candidate must have some bagel or deli experience.

Property information

Real Estate:

Lease

Lease terms:

For over 30 years this family owned business has been providing quality food and service. The current owner has been here for the past 12 years. They use a rack oven and pre-made, frozen bagels from a wholesaler. This is a spacious 2,000 sq. ft. store with 7 years remaining on the lease and a very fair landlord. There is seating for 23. The parking lot can hold over 40 cars. It is in a seasonal area where Summer sales can average $15K/wk. They are selling after 12 years as the owner wants to pursue other interests. In 2010, this business grossed approx. $475,000.00 with a Net of approx. $115,000.00. This is a clean and spacious store. Make a move now before the busy season.

Other information

Support & training:

yes

Reasons for selling:

personal

Financing available:

175,000 down & $114k over 5 years @ 6%