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Business for Sale Summary

Bagel & Convenience Store for Sale in New York - 36355

Business Type: absentee business,convenience store,delicatessen/catering services,misc. retail/non-classifiable,other eating & drinking places,other food stores,owner financing available,bagel stores
Owner Financing
Bagel & Convenience Store for Sale in New York
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Financial Information (non-confidential)

General Information
Asking Price $1,100,000 Down Payment $600,000
Gross Revenues $1,800,000 Lease Remaining Register Free to View
Owner’s Cash Flow $380,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and $500k for 48 months @ 7%

Business Description

We are excited to present a new listing: a well-established bagel and convenience store just one block from the beach. This is an incredible opportunity to elevate an already thriving business. Established for 33 years, this store generates $55K in weekly revenue during the summer months, serving as the go-to destination for beachgoers. Even in the winter, it continues to perform strongly, with weekly revenues of $35K. The store is a neighborhood staple, offering a wide range of products, including bagels, cigarettes, beer, sandwiches, ice cream, ice, snacks, and more. With a spacious 3,500 sq. ft. location and an attached parking lot, there is ample room for growth. The current owner works limited hours in the mornings but remains active in the business. Additionally, there is a manager in place who can take over operations, making this an ideal absentee investment. Don't miss this opportunity to own a versatile and profitable business in a prime location. To learn more, please contact the broker Joseph Ali at 732-865-6211.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.