Long established bagel and deli business in a densely populated urban area of Bergen County, NJ. The current owner is retiring after many successful years. This well-known business is centrally located in a highly active commercial mall with a national food chain anchor with substantial mall parking. The location is just a few miles from Giants Stadium and services a large volume of daily shoppers and workers. This sale includes a commercial kitchen and fully equipped for high volume production with a seating capacity for ten customers. The bagels are water cooked and hand rolled for excellent taste and quality and an excellent reputation throughout the area. This business can be further developed with additional marketing and improved catering service for an increased income. The business fixed assets has an estimated value of approximately $75,000 which is based on replacement cost and the sale consists of a fully equipped commercial retail bagel deli store, which includes kitchen, prep area, ovens, mixes, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This business has five employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll $6,650. The building has a capacity for ten customers on one main floor with no basement. The sale includes substantial private mall parking as part of the lease agreement. The business is operational seven days per week from 5am-5pm. The sale includes a municipal certificate of occupancy and the appropriate city license which allows retail food sales. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $4,070, cost per square foot is $28.72 and rent security $8,000. This is a must-see opportunity, and based on the asking price, required down payment and yearly net income, this business expects to supply a 30% investment return to the owner operator. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
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