Profitable Bagel Store & Deli

www.GlobalBX.com

Listing ID: 700321428

Listing Title: Profitable Bagel Store & Deli

Quick Link: http://www.globalbx.com/listing.asp?bId=321428

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: New York

Area New York City Area

City: Manhattan

Asking Price Range: < $250K

Gross Revenues: $1,208,000

Cash Flow: $132,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2006

Number of Employees: 10 - 19

Business Description:
Price Just Reduced! Make Your Best All-Down Offer! After all expenses, this business nets $132,000/year and its owner is Only Asking $175,000 (just 1.3 times its net). The owner of this bagel store and deli, located at a very busy corner location on Manhattan's UES, can no longer give this business the attention it deserves. He must look after his ailing wife. In-store gross sales average $17,000/weekly, of which 30% is on credit cards, and the rest is in cash. Internet orders account for another $27,000/month, and that's net of delivery fees. The seller will explain how these numbers can be increased by a new owner, who is able to devote more of his time to the business. The landlord stands ready to extend the lease to at least a total of eight years and maybe ten. You will find 400 square feet at street level and another 400 square feet of usable space in the basement. The store is loaded with equipment, such as two walk-in boxes, an ice machine, a deli case, two lowboys, a tall refrigerator, a salad bar, two small freezers, an electric grill, a conveyer oven, a juicer, coffee makers, soda cases and more. You are well-advised to add an ice cream case to the mix. Please be very discreet when visiting this location, as the employees and customers do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some questions and get a full tour. Please call 1-877-735-5224 for further information. Make your best all-down offer, as this one won't last long!



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