Listing Number: 189597-478535
Description
This is the ideal set up for anyone looking for a bagel store. Besides for the high volume and profit, the owner benefits from being part of a well-known bagel brand, getting the bagels delivered straight to the store, and not having to pay any royalties! Because the bagels come straight from the franchisor, there’s no need to work overnight to make the bagels, which is a tremendous advantage to the owner. The store hours are minimal, 6am-12pm 6 days a week, which provides the owner with flexibility to either increase sales by opening more hours or pursue other interests. A contract with a local school began in the middle of last year and the school has renewed for the upcoming full school year which will result in an additional 20k of revenue. The seller is very motived to sell, retire, and relocate with his family. Because of that, he is willing to finance 50% at favorable terms (6% interest over 3 years). The rent is cheap at $2700/month. The location is ideal as it’s on one of the busiest highways in Ocean County. New owner can easily make their money back in one year. Our last 3 bagel stores went into contract within the first 2 weeks on the market so do not wait!
Listing Details
- Price: $ 250,000
- Down Payment: $125,000
- Sellers Discretionary Earnings: $ 120,163
- Total Sales: $ 397,663
- Location: Ocean County, New Jersey
- Inventory: $ 5,000
- FF&E: $ 50,000
- Employees: 2
- Year Established: 2010
- Reason for Selling: Retirement
- Category: Restaurants
