Established Bagel Store for Sale - 36791

Financing

$250,000 Down and None.

Business Description

Established Bagel Store in a huge shopping center. This is a fully equipped store in a major shopping center with several big box anchor tenants. The shopping center has virtually no vacancies and parking for well over 500 cars. This is the only bagel store within 3 miles. It is in a prime location. This store was originally opened 19 years ago. Bagel dough is brought in from outside and cooked in their rack oven. The oven was recently replaced. There are NO franchise fees or royalties. In the past year the business grossed approx. $633,143.00 with an owner's cash flow of approx. $99,824.00. The seller keeps records of all sales. The store is 2,000 sq. ft. with a full kitchen. There are 8.5 years left on the current lease with a rent of $6,753 (plus approx. $4,300 in annual property taxes) with only 3% annual rent increases. This is a very fair rent for this high traffic area. This storefront has very high ceilings and feels much bigger than it is. It must be seen to be appreciated. Online delivery services were just added in the past few years, but other than that there is virtually no online or social media presence. Hours can be extended. We are seeking a serious and financially qualified buyer with at least $250,000 in liquid funds to cover the asking price. You MUST have good credit for landlord approval! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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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.