High Traffic Bakery / Deli For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $421800
Net Profit / Cash Flow $137516
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2001
Number of Employees 1 - 3
Inventory 350000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 1 Month.
Reason for Sale Other businesses.
Description Great economy or bad economy - this location is always gold!
This successful business is next (attached) to busiest Brooklyn train station and bus stop. The average daily foot traffic is more than 15,000 people per day (paying low rent with Manhattan's foot traffic). The rental rate is twice as cheap as current market price in the area, will be passed to the right owner. This busy store selling coffee alone is covering rent, electric, gas and other major expenses. The owner is in no rush to sell this business; he recently remodeled the entire store with brand new Italian tile, marble, granite, equipment, etc to make this the cleanest and highest quality store on the block.
Every season is a money maker: summer season - all beach crowd gets off the train station and stops by the store. Fall and winter time -- all students come in to eat. Regulars who go to work daily, always stop in to get their breakfast and again on their way back home. NY City project has been approved for build out of a giant mall a few blocks away, this means 5,000 to 8,000 additional foot traffic.
Growth/Expansion:
This business is run by semi-absentee owner. The right business owner can raise revenues substantially by being more involved in the business, adding deli and grill menu for which this business already has all the equipment (grill, hood, oven, etc), wholesale business of bakery items, ATM machine, cigarettes, Lotto, etc. Many offices in the area are asking for sandwiches, salad bar, juices, ice-cream, smoothies, freshly prepared food will be a big hit. This central location with heavy foot traffic MUST be open 24 hours/day. Due to the lack of time, the current owner does not have a food menu, nor offers catering or delivery service.
Call or Reply
Adam C. Skipka
516-351-5895
Click Here To Contact Seller
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