Modern Bagel Deli On A Super Main Avenue For Sale

Business description

A modern Bagel and Deli business located on a highly traveled road of Essex County, New Jersey. The facilty is ultra modern with all state of the art equipment. This Bagel store produces delicios water bagels that are baked at the location along with a full lunch menu. The products are high end and consist of quality ingredients with an excellent markup. The sale includes a long term lease with reasonable rent payments. This is a seven day operation with convenient hours until 3:30pm. The seller has dediced to relocate into a larger opportunity out of area and has recently reduced the price for an immediate sale!

Property information

Real Estate:

Lease

Lease terms:

An existing lease expiring on 2011 and with two additional 5 year options is available for transfer. The monthly rent is $5,327.05 + charges.

Leasehold rent:

$63,924.6 per annum

Location:

The facility was recently renovated with state of the art equipment. the site consists of 2,340 square feet with an indoor seating capacity for fifteen customers.

Size in square feet:

2,340

Other information

Expansion potential:

With an updated marketing plan this business can be further developed.

Competition / Market:

No other Bagel Stores are in the immediate area.

Support & training:

Seller will provide a full due diligence and transitional period.

Reasons for selling:

Relocating into an alternative industry.

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$3,000