HS Listing ID-68459

Description:

For over three decades, The business has been a beloved fixture and a genuine local favorite in the heart of the Pittsburgh community. This is more than just a bagel shop, it’s a deep-rooted institution dedicated to serving fresh, authentic breakfast and deli fare to its loyal neighbors. Baking bagels in house fresh daily.


Overview:

Weekly sales: ~$25,000 / week

Cash flow: ~$5,200 / week ($275,000 / year estimated)

Business Highlights:

Established 32 years

On Main Street in Pittsburgh with minimal competition

High visibility and foot traction

Bakes in house (mix, kettle boil, oven baked)

Hand rolled bagels

Cream Cheese made in-house

Owner operated

Fully staffed with a manager

70% of sales in CC and 30% in cash

Surrounded by Major Colleges and Hospitals

Ample space of 3200 sqft with 70 person seating capacity



Financial Highlights:

Gross: $1,300,000

Payroll: ~$6,500 / week

Rent: $10,857 / month (includes taxes & CAM)

Insurance: $9,687

Utilities: $37,827 / yr

Rent & Lease:

Rent: $10,857 (Includes taxes & CAM)

Term: 1 year + (2) 5 yr options

Sqft: 3200

Weekly Breakdown:

$17k CC retail sales

$7500 cash (split between retail / wholesale & catering)

Equipment age:

Oven: 20 years old.

Boiler ~18 yrs old

Mixer: 8 yrs old (150 quart mixer)

2nd Mixer: 8 yrs old (80 quart mixer)



Staffing & Payroll:

Employee Count: 10 total FT

Has a “Manager”: gets paid $2100 / week plus bonus

1 Full-time Cook

2 Bakers / Bagel rollers

Everyone is on the books

Everyone is crossed trained

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION