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Listed by:

The Litchfield Group

Bagel Style Delicatessen In Prince William County For Sale

Prince William County, Virginia
Asking Price:
$89,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$265,000 (USD)
Cash Flow:
$42,000 (USD)

This busy establishment is open for breakfast and lunch seven days a week. It offers delicious bagels, along with a full line of signature sandwiches made from a wide range of deli meats and cheeses, on a choice of bread or rolls. The salad selection includes pasta, chicken and tuna, and there is a nice choice of deli-type desserts, such as cheesecake, as well as coffee, soft drinks and other beverages. The Company will deliver large orders. It also has developed a growing catering business.

Property information

Real Estate:

Lease

Lease Terms:

One year remaining on current lease; option for renewal for 5 years.

Leasehold Rent:

$28,000 (USD) per annum

Location:

The restaurant is located in an attractive, readily-accessible commercial area, with highly visible signage and ample parking.

Premises Details:

The store operates from 1,225 sq. ft. of leased space and is fully outfitted with relatively new equipment, which has the capacity to support a substantially higher volume of sales. There are 15 months left on the current lease, with a five-year option thereafter.

Size in square feet:
1,225

Business Operation

Expansion Potential:

The business is well-positioned for future expansion. As indicated above, it has become well established in its growing market area, with a reputation for tasty, high quality offerings. In a relatively short time, Revenue has grown to $250,000 and continues to rise. The stage is set for a new owner to sharpen and expand sales and marketing activities to realize this growth potential, specifically:
• A 400-unit housing development, plus a new school, is opening right across the street;
• The Deli can be opened for dinner, greatly impacting on sales and profits;
• Catering and delivery can be greatly expanded with intensified promotion; and
• There are many new items that could be added to the menu.

Competition / Market:

The store is located in Prince William County, about 30 miles west of Washington, DC in an area with a very rapidly growing, upper-middle income population. The number of residents in the Company’s zip code has more than tripled since 2000. Moreover, an Amazon data center will be opening nearby very soon, bringing 4,000 new jobs to the immediate community. There are a number of eating establishments in this growing market area. However, reinforced by very favorable customer reviews and an attractive web site, this restaurant has achieved a strong market presence in the community.

Reasons for selling:

The owner now has an opportunity to move into another, long sought-after occupation.

Trading hours:

Mon-Fri - 6:00 AM - 1:00 PM
Sat-Sun - 7:00 AM - 1:00 PM

Employees:
2
Years established:
6

Other Information

Support & training:

The owner will remain a sufficient time after the sale to fully train the new owner(s) on the operations of the business and introduce them to its suppliers.

Furniture / Fixtures value:
$40,000 (USD) - included in the asking price

Contact Information

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