$300,000
$325,000
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2,013 SqFt
SOLD DATE : 12/01/2023
Key Details
Sold Price $300,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,013 sqft
Price per Sqft $149
MLS Listing ID PABU2055460
Sold Date 12/01/23
Originating Board BRIGHT
Year Built 1991
Annual Tax Amount $29,998
Tax Year 2023
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions 0.00 x 0.00
Property Description
Nestled in the heart of Warrington, this charming bagel shop and cafe presents a remarkable opportunity for discerning entrepreneurs. Established in 2003, this privately owned establishment has seamlessly integrated itself into the fabric of the community. Known for its made-to-order breakfast and lunch offerings, the cafe has fostered a loyal customer base and a welcoming ambiance reminiscent of the famed "Cheers." With 23 distinctive bagel flavors crafted in-house, patrons are treated to a unique and airy texture, setting these bagels apart from traditional options. Complementing these bagels are 10 delectable cream cheese flavors using an array of fresh ingredients.
In addition to its bagel and spread selections, the cafe takes pride in its commitment to quality coffee. Sourced from local roaster Backyard Beans, the cafe serves organic coffee that embodies sustainability and ethical practices. For those seeking variety, flavored coffees from Green Mountain provide an additional range of options. Beyond bagels and coffee, the cafe offers a diverse menu, encompassing breakfast and lunch sandwiches, paninis, salads, soups, and smoothies, ensuring a delightful culinary experience throughout the day.
Positioned as a cherished community hub, this bagel shop and cafe holds significant brand recognition and is ideally situated in a prime location. This opportunity presents a chance to not only acquire a business but also to become a custodian of a culinary establishment fondly embedded in the local culture.
All documentation, such as lease, profit and loss statements, business overview, business evaluations, Schedule C's will be provided for qualified purchasers that will sign a confidentiality agreement. Owner is retiring but willing to work through a transition with the new owner to ensure continuity of menus, recipes and a loyal customer base. THIS IS A BUSINESS SALE ONLY. 2013 sq ft is the size of the leased commercial property, lease runs through April 30, 2028 with ability to renew. Monthly commercial rental rate to landlord is currently $3770.09. Detailed documentation is available including lease, P & L statements, Recent Business Evaluation Report for $374,000 as of Nov 2022 after a confidentiality agreement is received by potential buyer(s).
Location
State PA
County Bucks
Area Warrington Twp (10150)
Zoning 4283 COMM: RETAIL & SHOP
Interior
Hot Water Electric
Heating Forced Air
Flooring Engineered Wood
Heat Source Electric
Exterior
Garage Spaces 41.0
Water Access N
Roof Type Architectural Shingle
Accessibility Level Entry - Main
Total Parking Spaces 41
Garage N
Building
Lot Description Level
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Central Bucks
Others
Tax ID 50-027-046
Ownership Leasehold
SqFt Source Assessor
Security Features Security System,Smoke Detector
Acceptable Financing Cash, Private, Seller Financing, Other
Listing Terms Cash, Private, Seller Financing, Other
Financing Cash,Private,Seller Financing,Other
Special Listing Condition Standard
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Bought with Susanne C Bencivengo • BHHS Fox & Roach-New Hope
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "