Listing ID: 71125
Business Overview
Asking Price: $900,000
Annual Figures: $726,000
Net Profit: $300,000
Rent: $46,560 ($3,880 a month)
Business Highlights:
Established, Highly-Rated Brand — Strong 4.3-star rating across ~290 Google reviews, with customers consistently praising food quality, friendly staff, and the recently refreshed space
Prime, High-Visibility Location — Situated on a dense, high-traffic commercial corridor in Passaic, NJ with strong daily foot and vehicle traffic
Recently Renovated Storefront — Spacious, modernized interior with ample seating — a frequent highlight in recent customer feedback
Extended Operating Hours, 7 Days a Week — Open early morning through mid-afternoon every day, capturing the full breakfast and lunch rush including weekends
Strong Financial Performance — Weekly sales of $12K–$15K, monthly revenue of ~$60K, and monthly profit of ~$25K–$26K, plus an additional $1K–$2K/week from Uber Eats, DoorDash, and Grubhub
Exceptional Lease Terms — ~11 years remaining on the original 15-year lease with renewal options; rent of $3,800/month is well below market for the area and property size
Diverse, Crowd-Pleasing Menu — Bagels and cream cheese, breakfast sandwiches, specialty items, deli sandwiches, smoothies, and kid-friendly options — broadening the customer base and average ticket size
Turnkey Operation with Tenured Team — Fully staffed with experienced employees including two grillmen (10 years and ~1.5 years tenure), a versatile register/grill employee (~3 years), and two delivery drivers; all non-family staff predate current ownership and are expected to remain post-sale
Streamlined Operations — Bagels sourced from a supplier (no in-house production required), simplifying daily workflow and reducing labor complexity
Modern Systems — POS system in place providing reliable daily sales tracking
Limited Direct Competition — Nearest comparable bagel shop is over a mile away, closed Saturdays, and operates shorter hours — leaving a clear edge on weekend and full-day coverage
Smooth Transition Support — Seller willing to stay on and train the new buyer for as long as needed to ensure continuity
Motivated Seller — Both partners aligned on selling due to partnership dynamics, not business performance
Ideal Owner-Operator Opportunity — Established cash flow, loyal repeat customer base, proven team, and a turnkey setup ready for a hands-on owner
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.
CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.
FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711
Financial
- Asking Price: $900,000
- Cash Flow: $300,000
- Gross Revenue: $726,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: No
- Established: N/A
Detailed Information
- Property Owned or Leased:Lease
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Yes.
Other business interests.