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Listed by:

Executive Business Brokers

Profitable And Popular Bagel With Deli In Passaic For Sale

Passaic, New Jersey
Asking Price:
$115,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$283,213 (USD)
Cash Flow:
$114,379 (USD)

PRICED TO SELL! Newly-renovated bagel/deli off a major thoroughfare in a nice, safe town. Bakes fresh bagels daily. Seller has his own back parking lot w/a door on both sides. He’s highly motivated due to health issues. New interior walls, a new floor & a new ceiling. Brand new motors installed for the grill, vent & oven. All Furniture, Fixtures, & Equipment valued @ $55,000 in excellent condition included in sale. Close to a full size basement for storage. Has multiple corp. accounts & provides free delivery service for large existing customer base. Present specialty menu items draws many new customers. Recently added Uber Eats which has boosted sales. Owner will finance up to $20,000 over 18 months. for additional details & showing.

Property information

Real Estate:

Lease

Lease Terms:

5 years (3 1/2 years left), 5 year option

Leasehold Rent:

$34,778 (USD) per annum

Location:

There’s approximately 1,000 square feet on the main level & approximately 850 feet of space in the basement. The main level was completely renovated (6) months ago which was mentioned above. Present owner has roughly (4) years left on a (5) year lease with (5) option years. A new qualified tenant can either get a lease assignment or should be able to get a long or lease term if desired.

Business Operation

Expansion Potential:

A new owner should add Uber Eats and Grubhub. It’d also be a plus to expand its catering business by trying to increase its corporate client base. Some voucher advertising to area residents should boost gross sales as well.

Competition / Market:

There’s only one bagel/deli or bagel store within roughly 3 miles besides this one Dunkin Donuts. The Store presently has a 4.8 out of 5 star rating on Google. The reviews focus on their high quality food and very friendly service.

Reasons for selling:

Owner has a health issue and is having a great difficulty operating his business.

Trading hours:

Monday-Saturday 6:00 AM – 3:00 PM & Sunday 6:00 AM – 2:00 PM

Employees:
1 Full-time and 2 Part-time
Years established:
8

Other Information

Support & training:

Owner will provide (2) weeks of training at no cost to the Buyer(s).

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$55,000 (USD) - included in the asking price
Inventory / Stock value:
$2,750 (USD) - included in the asking price

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