Bage/Deli in Mall
RESTAURANTS For Sale in NJ
Financial & Assets Details
About the Business
Wonderful business opportunity to own this modern Bagel & Deli business in an active commercial mall with high volume traffic and lots of private parking. The sale is due to the owner’s health demands and the price has been set most aggressively with potential owner financing available to a qualified buyer. This 3,000 square foot Bagel & Deli business is in an active area of Monmouth County, NJ. This profitable seven-day business operation produces a consistent gross yearly income of $394,100 and a dependable net income to the owner operator, produces 40% breakfast and 60% lunch. This Bagel shop has fresh quality products with a fully equipped commercial high production kitchen. This company has four full and part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the company has a monthly payroll expense of approximately $8,750. This business transaction will offer an assignable commercial lease which will expire 2019, plus additional options, with a monthly rent of $5,483 all in, cost per square foot is estimated at $21.93 and rent security of approximately $.9,000. The business has been valued / priced at $150,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Seller financing may be considered to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity. 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 particular business opportunity.
Growth & Expansion
The business presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales. Due to the location, this company can offer wholesale products to other local restaurants.
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
This is a long-standing successful retail facility which consist of approximately 3,000 square feet with a clean, attractive appearance and does not require any upgrades. The business is in an active commercial mall with many other retail businesses and conveniently located on a major New Jersey state highway. This opportunity is in North Central New Jersey, Monmouth County, and the area consists of various highly populated communities and a great deal of daily shoppers.
Support & Training
If required the seller / owner will remain after-closing and is prepared to supply an appropriate training period to the new owner / operator.
Reason for Selling:
The sale is due to the owner’s retirement and personal health issues.