High-Net, Established Bagel Shop Package in Prime Queens Location
| Asking Price: | $1,350,000 |
| Gross Revenue: | $2,236,000 |
| Cash Flow: | $500,000 |
HS Listing ID - 63423
• Prime Location: 1,000 SQ FT bagel shop situated in a high-traffic area in Queens
• One of the highest volume bagel shop locations in Queens.
• High In-Store Sales: Heavy foot traffic drives 80% of total revenue, making in-store sales the primary revenue stream.
• Lease: 6 years remaining on the current lease, landlord willing to extend to 10 years
• Ownership & Management: Owned since 2021 with a strong manager in place who oversees daily operations. In this location since the 1990s.
• Team: 10 experienced employees
• Freshly Made Bagels: Bagels are made from scratch in-house daily
• Delivery & Takeout: Active on UberEats, DoorDash, and GrubHub, though online orders make up only 10% of current revenue, leaving room for growth online.
• Wholesale Revenue Stream: The shop generates additional income by wholesaling bagels to other locations.
• Hours of Operation: Opens from 6 am - 6 pm
• Location 2: 1,500 SQ FT Space, Conveniently located just 5 minutes away from Location 1, making management and logistics easy.
• Lease: 9 years remaining on the current lease, landlord willing to extend to 10 years even. 3% annual increases.
• Revenue Breakdown: Balanced mix of 50% in-store sales and 50% delivery (UberEats, DoorDash, GrubHub, Slice). Still lots of room to increase in house sales.
• Product offerings include 80% bagels and 20% pizza, expanding business hours past 3pm.
• Catering: Offers catering services for local businesses and events, generating additional revenue.
• Staff: A team of 4 employees handle operations.
• Hours of Operation: Open from 5:30 a.m. to 7 p.m
• Financing: Seller financing available, minimum 50% down, terms to be negotiated
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
