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Great Bagel Store with Low Rent
Suffolk County, NY |
Listing #21162 |
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| Financial Information (non-confidential) |
| Asking Price |
$60,000.00 |
Gross Revenues |
$269,963.00 |
| Down Payment |
$60,000.00 |
Owner’s Cash Flow |
$76,274.00 |
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Financing: $60,000.00 Down and Possible. Owner will entertain any reasonable offer.
Reason for Selling:
Great Bagel Store with Low Rent. Currently Closed for the season. This store is in a picturesque Hamptons community. The store is 1200 sq. ft. with a rent of only $2,300/mth. (inc. taxes and CAM). There are 7 years left on the lease. It is a satellite store. This means that no baking is actually done there. All items come prebaked from a nearby supplier. This is ideal for a buyer with limited experience looking to buy their first store. The seller is happy to stay on for a transition period to show you how to do everything. This store can be modified into more of a cafe/deli as well. Hours can be extended. Right now they are open 7 days, from 6am-2pm in the Winter. In 2010, the store grossed approx. $275,000.00 with a Net Income of $76,274.00. We are looking for serious buyers only! Experience is not necessary. You must have at least $90K in liquid capital. If you met these qualifications, call or email Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com.
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Melvin L. Vaz
Senior Business Broker
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Servicing Area:
All of NY
All of NJ
All of CT
All of MA
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
