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 sale includes a commercial kitchen, walk in box, multiple refrigeration units, numerous displays, counters, commercial ovens, computer system, phone system, etc. This particular 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 5 am-5 pm. 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 $3,500 and rent security $7,000. 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. The business produces yearly gross sales of $400,000 and a net income of $70,000. The asking price is $185,000 with owner financing to a qualified buyer.

Posted May 22, 2015

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.