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Bagel Deli/Cafe for sale in Passaic County, NJ

Passaic County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 635,000 $ 823,382 $ 173,056

Furniture and Fixtures Value:
$ 230,000 (included in the asking price)

Inventory Value:
$ 8,000 (included in the asking price)

Business Summary:
Owner retiring for this high-volume bagel deli business located in Northern New Jersey with gross sales of $823,382 and a net yearly income of $173,056. The business has existed for many years with an excellent reputation and can be further improved with an onsite owner operator. This business has seven full and part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll of $12,000. The company is active seven days per week, with hours from 6:00 am to 3:00 pm.This industry does not require government or franchise agency approval to purchase.The sale includes a certificate of occupancy from the municipality and the required state or city food licenses to conduct its day to day business. The business is in a commercial mall and has a capacity for approximately twenty-five customers.The facility has appropriate private mall parking on site as part of the commercial lease. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 29% investment return to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

 

   
Year Business was Established: 1998
   
Number of Employees: 7  
   
Facilities / Terms of Lease: This retail facility which consist of approximately 2,300 square feet has a clean attractive professional appearance. The business is in a mid-size mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Passaic County, which consists of various affluent communities with continued demand for this industry.  
   
Potential Growth/Expansion: The business presently has a basic marketing plan & web site, catering can be further developed and if improved can further develop the business bottom line net income.  
   
Competition: To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.  
   
Owner willing to finance: Seller financing is available to qualified buyers.  
   
Owner willing to train: The owner seller is absentee however he will remain post-closing to supply an appropriate training & transitional period to the new operator.  
   
Reason for selling: The owner is absentee and retired from the retail industry.  
   
Seller Reference Number: BGL203
BusinessMart.com Listing Number: 209280
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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