This master licensor bagel operation began 9 years ago and has grown to 20 stores in the Central Jersey market. Under this unique structure, the licensor exclusively provides all bagels to stores under their brand with no royalties on sales. This allows the licensees/store operators to work fewer hours (and no overnight shifts) being that they don't have to make the dough from scratch. The licensor provides the dough frozen, so it only needs to be baked at the stores. It's a no brainer for someone who wants to open up a bagel store to open up under their brand because it's well known, there are no royalties, you get the support and guidance from the licensor, and most importantly the owner can work less hours and doesn't have to think about making the bagels. Without the headache of making the dough from scratch, it makes it much easier for an owner to open up several stores (without having that challenge which would normally make an owner more hesitant about expanding to more locations). The license agreement ensures guaranteed recurring weekly revenue from all of the 20 stores operating under the brand. The licensees pay for their orders weekly so that there are no accounts receivable. The opportunity here is to buy the licensor’s business with the built-in recurring revenue and the potential to sign hundreds of more licensees throughout the country. The 20 licensees that are in the system are in Central Jersey and were only acquired through word of mouth. With some marketing and exposure, the new owner can expand the concept rapidly. Sale includes the trademark of the brand.