Semi Absentee High Volume Bagel/Coffee Shop Netting 355k!
Listing Number: 189597-205461
Listing Details
Semi Absentee High Volume Bagel/Coffee Shop Netting 355k!
Price: $700,000
Location: Ocean County, New Jersey
- Down Payment: $350,000
- Sales: $1,090,222
- Seller's Discretionary Earnings: $355,000
- Inventory: $10,000
- Furniture, Fixtures, and Equipment: $100,000
- Rent: $4,558
- Employees: 9
- Year Established: 2012
- Reason for Selling: Relocation
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Business Description
This unique operation is two stores combined into one location and producing 90k/month in revenue with rent of only 4500! It's a bagel shop on one side of the store with a full coffee bar on the other side. The space is in beautiful condition and has operated there for over 14 years. There's no other bagel store within 10 miles so they have a bagel monopoly in the town. The owner only comes in for one hour a day (on weekdays) to close the store at 2:00pm. The staff of 9 is well trained and operates the store all day without the owner's involvement. The owner works weekends as an extra pair of hands because of the high volume on Saturday's and Sunday's. They purchase the bagels from an outside supplier and bake them on site.
Lease has 9 years remaining at a very reasonable rent with 2% increases. Owner is moving to North Carolina which is the reason for the sale. She is willing to hold a seller note for 50% of the purchase price. Investors will make back their down payment in 18 months. This one won't last!