Business Overview

Established in the 1990’s with the current owners taking over in 2019, this bagel/sandwich shop has a great, loyal following. Voted one of the top 10 bagel shops in New England, this is a true turn-key opportunity. With excellent visibility in a high traffic location, the business offers take-out, curbside, and dine-in options. Real simple operation to manage with the systems the owner has in place.

Financial

  • Asking Price: $189,000
  • Cash Flow: $187,786
  • Gross Revenue: $699,075
  • EBITDA: N/A
  • FF&E: $60,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,200
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Restaurant space with kitchen, lobby and dining area.

Is Support & Training Included:

Sellers willing to provide training for 2 weeks on making cream cheese and the general operation of the business.

Purpose For Selling:

Relocating

Pros and Cons:

Great location in high traffic area. Simple operation to manage with the systems the owner has in place.

Opportunities and Growth:

Increase revenue by expanding the menu and hours of operation. Create a website and further develop social media marketing strategy to bring in more customers.

Additional Info

The business has 6FT/2PT employees and is located in a building with disclosed square footage of 2,200 sq ft.
The real estate is leased by the company for $2,868 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell companies. Nonetheless, the true reason vs the one they say to you might be 2 completely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current decrease in profits, or a range of other reasons. This is why it is very important that you not count totally on a seller's word, however instead, utilize the vendor's answer together with your general due diligence. This will paint a much more reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Remember that occasionally this can imply that revenue margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in brand-new clients? Often times, operating businesses have repeat clients, which form the core of their everyday revenues. Certain variables such as new competition growing up around the area, roadway building, as well as staff turn over can affect repeat clients as well as adversely affect future earnings. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the regional typical family income influence future income potential?