Business Summary:
LISTING ID # 36791Established Bagel Store in a huge shopping center. Major Price Reduction! 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. This store was originally opened 19 years ago. Bagel dough is brought in from outside and cooked in their rack oven. The oven was recently replaced. There are NO franchise fees or royalties. In the past year the business grossed approx. $633,143.00 with an owner's cash flow of approx. $99,824.00. The seller keeps records of all sales. The store is 2,000 sq. ft. with a full kitchen. There are 8.5 years left on the current lease with a rent of $6,753 (plus approx. $4,300 in annual property taxes) with only 3% annual 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. Online delivery services were just added in the past few years, but other than that there is virtually no online or social media presence. Hours can be extended. We are seeking a serious and financially qualified buyer with at least $199,000 in liquid funds to cover the asking price. You MUST have good credit for landlord approval! All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-36791 for instant access to this business information.
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