Ultra-modern four years young Bagel & Café located in an affluent area of Somerset County, New Jersey. This retail business facility has been beautifully designed with a very attractive image. The business has a gross income of $625,000 and a dependable net yearly income of $140,000. The business is in a modern commercial mall with private parking and located on an active commercial mall. The sale is due to owner’s illness and owner financing is available to a qualified buyer. The sale includes a fully equipped Bagel Deli Café business which includes a full commercial kitchen, various mixers, ovens, refrigeration & freezer units, POS system, displays, shelving, tables, 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. This particular business has seven full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $9,120. The business has an assignable commercial lease which expires 2033-01-01 plus additional options, with a monthly rent of $4,200, cost per square feet is $32.52 and rent security $8,400. The business facility which consists of 1,550 square feet has a capacity for approximately twenty-two customers plus outdoor seating. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 5:00 am to 6:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Please call for additional information. The 2015 yearly gross income is $625,000 and the business has a yearly net income of $140,000 based on an owner operator and prior to debt service. The business has been valued at $400,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $400,000
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