Wonderful business opportunity to own this modern six-year young Bagel & Deli business in an active area with high volume traffic and lots of private parking. The sale is due to the owner’s relocation and the price has been set most aggressively with owner financing available. This 1,200 square foot Bagel & Deli business is in an active area of Middlesex County, NJ. This profitable seven-day business operation produces a consistent gross weekly income of $6,300 and a dependable net income to the owner operator. This Bagel shop has fresh quality products with a fully equipped commercial high production kitchen. Based on the asking price, required down payment and net income this business is expected to continue to supply a solid return on investment to the owner operator prior to debt service. This is an excellent safe business opportunity. For Qualifications purposes, this industry does not require government licensing approval to purchase or operate other than the standard municipal licenses. This company has three full and part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $5,333. The business has an assignable commercial lease which expires 2020-01-01, plus additional options, with a monthly rent of $1,400, cost per square foot is estimated at $14.00 and rent security of approximately $2,600. The business is in a free stranding commercial facility, on an active county road, consists of approximately 1,200 square feet and has an estimated capacity for twelve customers. This bagel deli business fixed assets has an estimated value of approximately $48,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped bagel shop which includes a commercial kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, computers, fire suppression system 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. The facility has appropriate private and municipal parking on site as part of the commercial lease. This successful bagel deli business operation is active seven days per week, with hours from 6:00 am to 3:00 pm. This recent business transaction includes all required documentation including a certificate of occupancy, food handlers license from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $150,000 based on a multiple of the net yearly income which includes the value of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
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