Listing ID: 35875
Business Overview
Business Description
– 2,200 SQ FT space with a huge kitchen
– Lease 13 years, Rent increases 3% every 2 years
– Bagels made in house
– Newly renovated, has new oven & new HVAC system
– Seller willing to finance with 50% down
– Located in a very high traffic tourist area, especially in the summer
– Turnkey operation, staff in place, manager in place
– No wholesale accounts, value add opportunity for the new owner.
– Sales increase year over year 5-10% despite pandemic
– Loyal staff willing to stay on board
– Business currently closes at 2 pm. There is a huge potential for growth if the business stayed open later and the new owner added a steam table for hot food. Customers routinely express their desire for later hours and dinner items on the menu. Area calls for it.
**SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR EXACT LOCATION**
Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at chris.empirebusiness@gmail.com. Our buyers are already qualified and willing to invest their time and money towards a business like yours. All communications are kept STRICTLY CONFIDENTIAL
Financial
Seller Financing Available
- Asking Price: $899,999
- Cash Flow: $375,000
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: No
- Established: N/A
