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Profitable franchise business in an active commercial area in North Eastern New Jersey, Passaic county. The business produces a gross yearly income of $835,880 and a verifiable net yearly income of $163,608. The business is newer and expects a further increase in the gross sales. The business has a fully equipped high capacity commercial kitchen. This national successful bagel franchise is known for its excellent products, quality and exceptional service. The franchise supplies and delivers the raw bagels products to the business location for the final baking. This system reduces the time and labor cost to the franchise business operator, which results in a higher net profit. The sale requires franchise approval and two weeks of personal training. The sale includes an eighteen-year commercial lease agreement which expires 12/31/2026, plus additional options, with a gross monthly rent of $10,500, approximately $49.22 per square foot and rent security of $16,500. The business has been valued based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. The purchaser is responsible for franchise transfer fee of $12,500. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
This profitable business is in an upscale and highly populated urban area of Northern New Jersey with numerous malls and various companies. This bagel business is on a highly active commercial avenue with a huge number of daily shoppers and workers. The facility is ultra-modern with a state-of-the-art image, 2,560 square feet with a clean attractive appearance. The facility has a full stage kitchen for fast food service and a large rear commercial kitchen and preparation area. The facility has an attractive image and duel entrances.
The business opportunity is newer and requires additional time to develop. Additionally, a new operator can further increase sales by improving the existing marketing plan and the required local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
To the best of our knowledge, no other new competitive bagel food restaurants are in this area and seller will supply an appropriate non-compete agreement to purchase.
The owner is semi absentee with an alternative business.
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, the franchise requires a two-week training period for approval.
Available to a qualified buyer with an appropriate down payment.
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