Nice Bagel Shop with Great Bagels
| Asking Price: | $340,000 | Inventory: | $2,500 ++ |
| Gross Revenue: | $600,000 | Real Estate: | n/a |
| Cash Flow: | $165,000 (comments below) | FF&E: | $40,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Cash Flow Comments: Cash flow is more than listed above. |
Nice clean bagel shop located on a major street in one of the largest cities in Westchester County. Lots of car and foot traffic. In addition, store is close to a bus stop and tons of business buildings are in walking distance of the store. They are known for their fantastic bagels, which they bake on premises. They have a grill, a small commercial stove/oven and a baking oven, in addition to all the equipment necessary to make the bagels from scratch. 10 years remaining on lease.
About the Business
Year Established:1990
Employees:3 full time - 4 part time
Facilities:Nice clean bagel shop. Leased space is 1200 square feet, 800 sq. ft. for store, 400 sq. ft. in the back for baking and storage. 10 years remaining on lease. Top of the line equipment, oven for baking, stove, grill, and a walk in ice box. 4 tables and a window counter with total seating for 12.
Market Outlook and Competition:Store has been there for over 10 years. Very established and has a great reputation for fantastic bagel. Growth Opportunities - Menu can be expanded. They could expand offerings for breakfast and lunch which would increase profits. They could also go after more business accounts.
About the Sale
Reason For Selling:Owners ready to move on.
Seller Financing:Owners will hold a note for half.
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