Buying an existing bagel store

Author
msp
Junior Burger
  • Total Posts : 6
  • Joined: 2004/05/23 18:45:00
  • Location: flemington, NJ
  • Status: offline
2006/01/09 18:06:13 (permalink)

Buying an existing bagel store

We are looking to by an existing bagel store and need some input. It currently grosses on the books $185,000.00 per year and the asking price is $150,000.00 with all inventory included. Has a 5.5 year lease( very good monthly rent) left and is in a very good location as all road improvements are done and a new office complex and mall (wall-mart and Lowes) are going in next to it. We want to expand to do subs and will add state lottery to existing store. seats 30 with room to expand for some outside dining. (location nj).Just a quick overview but would like to hear from all that have any ideas about this. Feel free to e mail us with any coments. Thanks Mimi and scott msp@patmedia.net
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