Broker Name:Pete DeVita
Broker Email:pete@newsouthbusinessbrokers.com
Broker Phone:910-262-2113
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Profitable Bagel Business In A Thriving Location for $400K! - SOLD!
Brunswick County, NC
Listed Price: $ 400,000

Listing DetailsGross Revenue: $ 500,000
Cash Flow: $ 200,000
FFE: $ 80,000
Inventory: $ 6,000
Absentee Owner: No
LocationLease Expire: 0000-00-00
SummaryBusiness Description:

The owner of this well-established and very profitable bagel business in Southeastern, NC is retiring. The business model and production process the owner developed over the last 20 years makes this restaurant extremely efficient and more profitable than the typical bagel business, as the owner has refined the process down to a science. Profit margins far exceed those of similar size and even out produce stores two to three times its size. With sales approaching $500K during Covid-19 this year, cash flow to owner will be over $200K! This bagel business has a fully-trained staff in place and is ready for a new owner/ operator. The rent at $2100.00/mo. is fixed for four years, with an option to renew for another five years at $2175.00/mo. This is one of the best listings we have had in the last 5 years and at $400K, we do not expect it to last long. Contact Pete DeVita via phone (910)262-2113 or email Pete@NewSouthBusinessBrokers.com for a non-disclosure agreement to discuss this business in detail.