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Monmouth County, New Jersey
Franchise Bagel Store w/No Royalties! Revenue 641k! Rent $3100!
Asking Price
$325,000
Revenue
Call/Email
Down
$150,000
Cash Flow
Call/Email
Name: Elliot Dweck
Name
Elliot Dweck
Description
The store does over 641k/yr which is a heck of a lot of revenue for a bagel store. In the summer, they sell 1500 dozen bagels/week! Store is open every day from 6am-1:30pm. The store seats 18 people comfortably with room for more seating! Rent is very cheap at $3,100/month all in (including CAM and taxes). The owner recently renovated the store and it looks spectacular. Store is located in a booming shopping center on a busy highway.
After owning the store for 2 years, the seller decided to go into another unrelated retail business with family and does not have time to focus on operating this store. Because of that, he wants to sell quickly so he can turn his focus to his other store. Seller only spends 20 hours/wk in this store so there’s tremendous upside potential for a buyer to work full time and increase sales significantly through catering and wholesale, which the current owner does not focus on. In addition, because the seller isn’t focused on the business, his payroll is much higher than it needs to be and cutting it would significantly increase the cashflow.
This is a real seller who will transact quickly and efficiently. He is confident in the future success of the store, which is why, for qualified buyers, he is willing to hold a note for a significant portion of the purchase price. If you don't have any experience in bagels, food, or retail, and are looking for 3 years of audited financials to get bank financing, this one may not be a fit. If you are a savvy cash buyer that understands that this is a bagel store and can get a feel for the business operation the old school way, buy this tomorrow.
*Signed NDA and proof of funds required*
https://tworld.com/locations/New-Jersey/tricounty/listings/Franchise-Bagel-Store-w-No-Royalties-Revenue-641k-Rent-3100-
Business Details
Year Established:
2010
Employees:
4
FE&E:
$35,000
Reason for sale:
Other Interests
Lease & Tenant Information
Lease Expiration:
12/31/2033
Lease Options:
$3,100
Other Information
Listing Number:
189597-873519
Sales:
$641,000
Seller's Discretionary Earnings:
$150,000
Inventory:
$10,000
Posting Information
Posting ID:
ID tw:86787 / Listing Number 189597-873519
Business Category:
Restaurants
Keywords:
Transworld
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Franchise Bagel Store w/No Royalties! Revenue 641k! Rent $3100!
Posting ID
#*4f25b71bf80b1ae3c9631c81a097d24c*86787
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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