Bagel shop for sale at jersey shore
Business Description
There is significant potential for a hands-on owner to increase revenue through catering, wholesale and stronger local marketing. These areas are not currently a major focus. Payroll is also higher than necessary and could potentially be reduced through more active ownership and improved scheduling.
About the Business
- Years in Operation
- 16
- Employees
- 5 (2 Full-time, 3 Part-time)
- Facilities & Assets
- This opportunity is best suited for a buyer with experience in the bagel, food-service or retail industries who understands the value and potential of an established local business.
- Market Outlook / Competition
- The store has been operating in the same location for over 15 years and is well known throughout this beautiful, affluent town.
The business generates approximately $500,000 in annual revenue while operating every day from 6:00 a.m. to 1:30 p.m. During the busy summer season, the store sells approximately 1,000 dozen bagels per week. It comfortably seats around 18 customers, with the potential to add more seating.
Rent is very reasonable at approximately $3,100 per month, including CAM and property taxes. The store was recently renovated and is located in a busy shopping center along a highly traveled highway.
After owning the business for two years, the seller has decided to focus on an unrelated retail business with family. He currently spends approximately 20 hours per week at the store and is looking for a motivated buyer who can take over the operation. - Opportunities for Growth
- There is significant potential for a hands-on owner to increase revenue through catering, wholesale and stronger local marketing. These areas are not currently a major focus. Payroll is also higher than necessary and could potentially be reduced through more active ownership and improved scheduling.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
- Rent
- $3,200 per month
- Lease Expiration
- 8/1/2029
About the Sale
- Seller Motivation
- Other interests
- Transition Support
- 2 weeks
- Financing Options
- Half down Half over 5 years @ 5%
Listing Info
- ID
- 2528190
- Listing Views
Listing ID: 2528190 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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