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Bagel Store In Suffolk County For Sale

Suffolk County, New Mexico, US
Asking Price:
$349,000 (USD)
Sales Revenue:
$565,000 (USD)
Cash Flow:
$165,000 (USD)

Low Overhead Bagel Store. Fantastic reviews. Sales have grown due to Covid. This is the best bagel store deal I have seen this year! The rent is only $1,800/mth. That includes the base rent, garbage, water, and CAM. A qualified buyer may assume the existing 7 year lease (2 plus 5). This is the ideal business to purchase during the pandemic. It is a quick serve business with low overhead, deemed essential, with great margins. The space is 1,000 sf with a full kitchen including grill, hood, rack oven, walk-ins, mixer, etc. The dough is purchased from outside, not made in house. They are located in a fully occupied shopping center with great parking and 750 homes directly across the street and additional homes just up the street. In the past year the business grossed $565,000.00 with an owner's cash flow of $165,000.00. These are verifiable figures. The current owner is only at the store three days per week. There is a full staff with one FT manager and four PT employees. The current owner does no advertising and offers no delivery. There is room to add convenience and other food items to the store. This a real gem. We are seeking a serious and financially qualified buyer with at least $249K in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today at . All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33709 for instant access to this business information.

Business Operation

Reasons for selling:

Retirement

Employees:
1FT/4PT
Years established:
2012

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

249,000.00 Down & $100K over 4 yrs. @ 6%

Furniture / Fixtures value:
$50,000 (USD)
Inventory / Stock value:
$3,000 (USD)

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