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Only Homemade Water Bagel/Deli in City

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$225,000 $497,240 $59,970

Inventory Value:
$10,000 (included in the asking price)

Business Summary:
Only homemade water bagel/deli/cafe in city. Located in a strip mall on major highway. Long lease. Shows well. Turn key business. Needs owner/operator with experience in the bagel business. In order to increase the wholesale. New owner should replace menu signs to a larger more readable. Since seller took over space has added 2 split 3 ton A/C + 2x8 tons A/C. Lots of equipment. 13 camera surveillance with monitor. Breakdown of sales: retail 87.5% and wholesale 12.5%. For further information please contact Jim Hamdan at 908-851-9040 Ext. 210.

 
   
   
Number of Employees: 5  
   
Facilities / Terms of Lease: Lease 10 years + 5 year option. 1,575 sq. ft., like new. Great condition.  
   
Potential Growth/Expansion: Delivery  
   
Competition: None in bagel, several in deli/restaurant  
   
Owner willing to finance: Balance $150,000 payable in 3 years  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Has other business interest  
 

 

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