$170K-Net, Semi-Absentee Brooklyn Bagel Shop For Sale
Business Description
• Established: Operating for years in the Sheepshead Bay, Madison, Homecrest, Brighton Beach vicinity with strong community recognition and a loyal customer base.
• Location & Presence: Busy Brooklyn corridor with consistent foot traffic, strong visibility, and established neighborhood reputation.
• Financial Performance: Generates $1.2M+ in annual revenue with $125K–$150K in SDE under absentee ownership; historically reached $35K–$38K weekly sales, currently averaging $25K–$26K.
• Lease Terms: Eight years remain on the lease, with landlord open to extend for 10 years plus a 5-year option. Rent details available upon request.
• Staffing: Team of seven employees, including 1 manager, 2 deli workers, 1 grill cook, 1 cashier, 1 delivery driver, and 1 phone operator. The owner is largely absentee, with the manager overseeing daily operations.
• Catering: Recurring weekly catering accounts, including corporate clients such as Amazon warehouses, with further opportunity to expand.
• Delivery: Strong presence on third-party platforms including Uber Eats, DoorDash, and Grubhub, contributing consistent daily sales.
• Owner/Operator Upside: Significant opportunity for a hands-on owner to cut payroll, bring bagel production back in-house, improve margins, and increase earnings to $200K+.
• Reason for Sale: Seller is focused on other ventures and no longer actively involved in the store’s daily operations.
• Production: Bagels are being sourced from other locations; but store has capability to make them in house to cut costs.
• Assets & Growth Opportunities: Recent upgrades include refrigerators, open coolers, and a walk-in compressor. Additional upside from payroll optimization, catering expansion, and a modest interior refresh to enhance customer experience.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
• Location & Presence: Busy Brooklyn corridor with consistent foot traffic, strong visibility, and established neighborhood reputation.
• Financial Performance: Generates $1.2M+ in annual revenue with $125K–$150K in SDE under absentee ownership; historically reached $35K–$38K weekly sales, currently averaging $25K–$26K.
• Lease Terms: Eight years remain on the lease, with landlord open to extend for 10 years plus a 5-year option. Rent details available upon request.
• Staffing: Team of seven employees, including 1 manager, 2 deli workers, 1 grill cook, 1 cashier, 1 delivery driver, and 1 phone operator. The owner is largely absentee, with the manager overseeing daily operations.
• Catering: Recurring weekly catering accounts, including corporate clients such as Amazon warehouses, with further opportunity to expand.
• Delivery: Strong presence on third-party platforms including Uber Eats, DoorDash, and Grubhub, contributing consistent daily sales.
• Owner/Operator Upside: Significant opportunity for a hands-on owner to cut payroll, bring bagel production back in-house, improve margins, and increase earnings to $200K+.
• Reason for Sale: Seller is focused on other ventures and no longer actively involved in the store’s daily operations.
• Production: Bagels are being sourced from other locations; but store has capability to make them in house to cut costs.
• Assets & Growth Opportunities: Recent upgrades include refrigerators, open coolers, and a walk-in compressor. Additional upside from payroll optimization, catering expansion, and a modest interior refresh to enhance customer experience.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Rent
- $5,629.00 per month
About the Sale
- Seller Motivation
- Focused on other ventures & no longer actively involved in the store
Listing Info
- ID
- 2421937
- Listing Views
Listing ID: 2421937 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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