501 Route 9Waretown, NJ 08758

Property Details for 501 Route 9

Year built

2000

Property size (Sq ft)

2,832 SF

Zone code

TCMX

Property type

Office properties

Property subtype

Other office properties

APN

21 00041-0000-00036- 01-C09

APU

210004100000003601C09

Description

This exceptional business opportunity presents a chance to acquire a highly successful Joe's Bagel & Grill franchise, ideally situated on Route 9 in Waretown, New Jersey. Established only 1.5 years ago, this turnkey operation is immediately profitable and requires no additional capital investment. The franchise is housed in an impeccably maintained space and enjoys a prime location, attracting a loyal customer base of both locals and tourists. The menu features freshly baked bagels, gourmet sandwiches, and specialty coffee, contributing to its popularity. This represents a significant advantage over starting a new franchise, which typically involves startup costs ranging from $218,000 to $434,000. This established business is offered at the significantly reduced price of $189,000, making it an attractive investment for aspiring entrepreneurs. The property sits on a 1.16-acre lot, providing ample space for the existing operation. This is a rare opportunity to acquire a profitable, established business within a well-known brand, minimizing the risks and costs associated with new ventures. The seamless transition ensures a smooth handover, allowing for immediate revenue generation. Don't miss this chance to own a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $637,754

  6.5%

  $588,696

  7%

  $546,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $370,029

  Geo Method

  $370,029

• Alternative Use

  Use

  Valuation

  Residential

  $729,983

  Hospitality

  $668,661

  Educational

  $556,318

  Medical

  $575,451

  Retail

  $865,383

Location Insight

City

Waretown

County

Ocean

State

New Jersey

Latitude

39.7964

Longitude

-74.2001

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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