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Established Bagel Store In Huge Shopping Center For Sale

Suffolk County, New York, US
Asking Price:
$375,000 (USD)
Sales Revenue:
$780,000 (USD)
Cash Flow:
$140,000 (USD)

Listing ID # 33558

Established Bagel Store in a huge shopping center. This is a fully equipped store in a major shopping center with several big box anchor tenants. The shopping center has virtually no vacancies and parking for well over 500 cars. This is the only bagel store within 3 miles. It is in a prime location and has fared well through the pandemic so far. They were only closed for a few weeks and have seen an increase in sales as many local restaurants have closed or reduced hours. This store was originally opened 17 years ago and still has the same original owners. Bagel dough is brought in from outside and cooked in their rack oven. There are NO franchise fees or royalties. In the past year the business grossed approx. $780,000.00 with an owner's cash flow of approx. $140,000.00. The seller keeps records of all sales. The store is 2,000 sq. ft. with a full kitchen. There are 8 years remaining on the lease at a total rent of $6,400 (incl. tax and CAM) and only 3% rent increases. This is a very fair rent for this high traffic area. This storefront has very high ceilings and 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 $275K in liquid funds to cover the asking price and inventory. You Must have good credit for landlord approval!

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Business Operation

Reasons for selling:

Retirement

Employees:
12PT
Years established:
2003

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$100,000 (USD)
Inventory / Stock value:
$3,000 (USD)

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