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Bagel / Deli
Location: United States -> New Jersey -> Passaic County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Solid Deli Bagel business located in Northern New Jersey in the county of Passaic on an active commercial avenue serving various communities in the general area. The products severed are the best quality and the business has a wonderful reputation. The business has a gross yearly income of $365,000 and a net yearly income of $75,000 based on onsite ownership. The business offers a wide variety of breakfast and lunch special to its loyal customers. This business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $6,800. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $2,450 and rent security $5,000. The business assets have an estimated value of $145,000 which is based on the past year corporate tax returns. The company is active seven days per week, with hours from 6:00 am to 3:00 pm. The business has been valued at $175,000, based on a multiple of the average net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity for a motivated buyer and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $365,000
Cash Flow:   $75,000
Cash Flow Type:  EBITDA
Inventory:  $145,000
Seller Financing:  Yes

About The Business

Year Established:  2000
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Reason For Selling:  The owner is absentee with corporate ownership.




Print Listing Id: 700325867
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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