This bagel shop for sale has been in business since 1998. Current owner purchased the business in 2016 in order to obtain E-2 Visa. The seller has an opportunity in another field and has decided to sell. Seller is offering financing to qualified buyer. The owner currently works about 20 hours per week in the business. This is a Golden opportunity to purchase a growing business with approximately $475,000 in gross sales and $80,000 in owner’s benefits. The business has multiple income streams as the lucrative wholesale business comes with the transfer of assets.
The 1,400 square foot Bagel Shop for Sale offered by We Sell Restaurants is located on the end cap of a busy strip center. Located just steps from a highly respected private school and adjacent to a very affluent community this bagel cafe attracts a loyal customer base. More than 43,000 vehicles pass by daily with the daytime population in the three-mile area is over 200,000 people. That’s a lot of lunch and breakfast business at this bagel shop for sale. The three-mile radius population is in excess of 128,000 residents with an average income of more than $70,000. The Bagel Shop for Sale seats eighteen guests and is set up for the ease of customers who want to pick up and take-out there meal or bagels by the dozen. The monthly rent included the NNN is only $3,250 per month. That is less than 10% of gross sales, which by industry standards, makes this a great value.
The fully equipped commercial kitchen has all the equipment necessary to produce the bagels in house. The equipment package includes bagel oven, mixers, proofers, dough divider and flat-top, fryer, walk-in cooler and freezer, ice machine, commercial refrigeration and much more. The front of house has a built display case for bagels, flat screen televisions, POS system and more. This is truly a turnkey operation. Buy this Bagel Shop for Sale today, be profitable tomorrow. Owner will prove profits during due diligence period.
This Bagel Shop for Sale has four income streams. The first is the dining room that serves 18 guests for breakfast and lunch. The second is the pick-up and take-out business. Both bulk products and individual meals make this very profitable. The next is the catering business and last, but not least wholesale. Currently five accounts purchase product on a wholesale basis. All recipes will transfer with sale and the owner will train for two weeks post sale at no cost to insure a smooth take-over of ownership. The dedicated staff will remain to insure that the quality of product remains high.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.Please click on the tab below to easily acknowledge confidentiality on this Bagel Shop for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365
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- Listing#: 7612
- Price: $199000
- Location: Oakland Park
- Bagel Restaurant for Sale in High Traffic Area!
- Quality of Life. Close by 2 Pm during the week and by 1PM on weekends.
- Profitable, start making money day 1 - Owner nets $78,000 annually
- Great Demographics, 200,000 people work in the area and 128,,000 live in the three mle radius of the restaurant.
- Four Income Streams - Dine In, Pick-up Delivery, Catering, and Wholesale
- Fully Equipped Commercial Kitchen Has it All
- Bagel Shop for Sale