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Asking Price$130,000
Revenue$338,689 Established1997
Cash Flow$74,143 Employees4 full-time
FF&E$60,000* FranchiseNo
Inventory$5,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
What an incredible opportunity to own a town favorite, made from scratch, fresh NY Style Bagel Bakery and Café! There is nothing like a New York bagel made the right way and there are very few businesses like this! The business has a wide variety of fresh sandwiches, salads, and treats that keeps their craving customers coming back day after day! The business is located in a high traffic shopping center with major grocery anchor and national tenants just off a very busy highway and within a large residential community with lots of commercial business around. The business does currently offer catering but the service can be developed so much more! The website is user friendly and even has an online ordering for pickup and delivery. The current owners purchased the business just over 5 years ago and have enjoyed and taken pride in their ownership! They always maintained the equipment and recently purchased new dining furniture and a high speed oven. If it weren’t for their families as well as full time jobs and other business ventures they wouldn’t sell, but they believe their staff and customers are deserving of a new owner to provide even better service and expanded hours to accommodate the demand they are personally unable to. This is truly a great opportunity for an owner to be hands on to earn about $75k plus a year with so much more with the upside. This is even a great investment for a semi absentee to absentee owner that wanted to just maintain the business as is and generate a passive income of around $50k/yr, which the current owners have enjoyed and benefited from over their successful ownership.
Facilities:The 2,000 sq ft facility is leased for approx $7,800 per month. The business is located in a high traffic shopping center with major grocery anchor and national tenants just off a very busy highway and within a large residential community with lots of commercial business around. The owners have recently purchased all new furniture and high speed oven while always maintaining all of the equipment. The business shows very well!
Competition:There is limited competition in the market as there are very few bagel shops and cafes in the area that make their bagels from scratch the New York way, which brings in customers from all over Northern VA!
Growth Potential:There is great opportunity for growth! First and foremost, which is also the easiest, is to extend business hours as the business currently closes at 3pm every day of the week missing out on the late afternoon and dinner customers. The current owners have just been happy with what the business provides them and since they don’t have the time with their schedules this allows for increased revenues, cash flow and value for a new active owner operator. Adding additional menu items and increasing awareness of the business’s catering service would allow for another huge increase in revenues and profitability!
Training/Support:Sellers will provide necessary training & support.
Seller Financing:Available depending on the final purchase price, terms and qualifications of the buyer.
Sale Reason:Partners have other business interests.
Ad #80721
Seller Reference #HZ249DZ
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Contact This Seller
Horizon Business Brokers, LLC
703-910-7384
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