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RestaurantsFor Sale in NJ

Listing ID: BGL292 | Broker Listing ID: BLP138470

Financial & Assets Details


About the Business


Business Description

Owner retiring after many successful years in the food bagel and deli industry. The owner will finance this transaction with a modest down payment to a qualified buyer. The business is modern and attractive with substantial growth potential. The staff will remain after closing and this sale is confidential. This is a dependable safe business opportunity and based on the terms of sale, this business expects to supply a consistent return on investment to the owner operator. The business fixed assets have an estimated value of approximately $125,000 which is based on the cost of the original buildout, replacement expense, representing equipment, licensing, tangible & nontangible values. The accurate value of the assets will be calculated during the allocation period. This transaction consists of a fully equipped commercial retail bagel-deli operation, which includes, required municipal & state licenses, web site, social media venues, full commercial kitchen, shelving, New POS system, tables, computer, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

Growth & Expansion

Regarding growth and expansion, this bagel food operation can be further developed by increasing the hours, offering delivery, and improving the marketing system, local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Seller Financing

Owner financing is available for this transaction with a modest down payment to a qualified buyer with an appropriate collateral, and credit rating.

Market Competition:

Regarding competition, to the best of our knowledge, 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.

Location Details:

This business opportunity is in north central New Jersey, Sussex County on a highly active four land county road with thousands of drive by vehicles. This business facility consists of approximately 1,600 square feet with a clean and attractive appearance and a seating capacity for twenty-four customers. The business is in an active commercial mall conveniently located for its various customers.

Support & Training

Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to purchaser.

Reason for Selling:

The purpose of this business transaction is due to the owner retirement from the food industry after many years of success.

Listing ID: BGL292

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