High Potential Bagel Shop No.1 in the area

This highly rated bagel shop is an opportunity for some new owner to step in and continue making the best bagels in the area. It has maintain a steady stream of customers over the past 2.5 years. The owner equipped the restaurant with new top of the line bagel making equipment. The current building is spacious enough to expand other revenue opportunities. The shop is a satellite of the mother shop and is currently a franchise with 1.5% fee. New owner does not have to continue the franchise and can create their own name.

Total Sales: $202,000

Cash Flow: $27,100

FFE: $95,000

FFE Included: Yes

Inventory: $1,500

Inventory Included: Yes

Year Established: 2022

Days & Hours of Operation: 7am-3pm 7 days

Owner Hours Per Week: 45

Lender Pre-Qualified: No

Non-Owner Payroll: $46,000

Employees: 1

Managers: 1

Absentee Owner: No

Security on Lease: Yes

Lease Option: renewable

Real Estate Included: No

Monthly Rent: $3,219

Type of Location: Commercial Strip Center on main hwy

Square Footage: 5600

Franchise: No

Relocatable: Yes

Facilities Information:

Commercial Strip Center. 2 store fronts. Ability to expand more service area and include additional revenue streams

Terms and Conditions?:

cash or financing

Reason For Sale:

retire, other interests

Training & Support:

yes 2 months

Owner Qualifications:

ability to manage a restaurant

Competition:

one other bagel shop about 5 miles away

Potential Growth:

yes