Bagel Bakery & 2 Cafes

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Asking Price:
$275,000

Gross Revenue:
$855,994
Cash Flow:
$80,777
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$18,648
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This business is the original and only manufacturer of New York style, kettle-boiled bagels within multiple counties of its manufacturing location. All doughs are made from scratch daily using original recipes to produce twenty-four bagel varieties. At the same manufacturing site a full line of pastries and cookies are also produced daily. The business has three retail locations, two of which are full-service cafes. The third is a thriving market operating every Friday and Saturday. There is also an established daily wholesale route out of the manufacturing location, delivering fresh bagels and pastries. Catering services are offered for parties, family functions and corporate events. The manufacturing area of the main location, which features two large 15-pan ovens, is currently operating at approximately 40% capacity. Hence, there is a fabulous opportunity for expanding the business.

About the Business

Location:
Pennsylvania
Year Established:
1995
Number of Employees:
6 FT/15 PT
Relocatable:
Yes
Facilities:
Location # 1---They have a manufacturing location where they produce the bagels, pastries, cookies and cream cheese fresh daily. In the front of the facility there is a café with seating and take out service available. Also, the wholesale delivery part of the business is operated here as well. Rent is currently $1900 + cam charges--(Estimated at $2,513 per month).
Location # 2---This beautiful café has both mall and street access with ample seating with a great view of the city. There are approximately 2,300 employees within the mall and 10,000 employees within walking distance of the café. Rent is currently $1,995 + utilities --(Estimated total $2,200/ month).
Location # 3--This location is a retail stand in an upscale market environment. This location is open on Fridays and Saturdays. The market has been in operation for many years and is extremely busy with patrons during both days of operation. There is a high demand for the limited number of retail locations within the market and typically businesses do not give them up too frequently once they are able to obtain them. This business is no exception, they have had an extremely successful retail stand since 1997 (21 years). Rent currently is $266 per month.
Market Outlook/
Competition:
Primary markets vary by location:
Location # 1 --The majority of the retail business serves the family market.
Location # 2--The majority of the retail business is the employment market. Due to the incredible location, people frequent the café for primarily breakfast and lunch.
Location # 3--This location strictly offers bagels and cream cheese spreads. Obviously, the majority of the retail business out of this location serves the residential market as well as some commercial office demand for bagels and cream cheese. With regard to competition within the two primary counties this business serves, this business is unique in that it manufactures, distributes wholesale and sells retail New York style kettle boiled bagels. There is only one other competitor known in the overall area that manufactures bagels, but the type of bagel is different than the New York style.
Growth & Expansion:
With the current manufacturing space and equipment, there is capacity to increase the manufactured product output by 150%. All locations are positioned in rapid growth areas, with one location residing in the fastest growing county in the state of Pennsylvania.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
The business manufactures from scratch daily twenty-four varieties of bagels, pastries, cookies and eleven flavors of cream cheese spreads. They also provide wholesale distribution of the above mentioned products. Obviously, they sell these products in their retail cafes and market location as well. In addition to these products, a full line of coffee related products, sandwiches, and salads are offered in the cafes. Any combination of the products mentioned could be included when catering orders are received.
Seller Financing:
Lender pre-screened with $55k down.

Listing Info

ID:
1625762
Ad Detail Views:
0

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Business Listed by

Jack Greenawalt

Murphy Business & Financial Corporation

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