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This business is arguably the best bagel bakery in the area. It has a high, and growing revenue and profit stream. It enjoys a superb location that is about to get even better.
WHY BUY?
* Excellent Reputation
* High Revenue and Profit
* Located in very desirable living area
* Strategic store location.
* Trained and loyal staff
* Turn key business
* Identified growth opportunities
* Successful business model
The business operates from a 2,600 square foot leasehold space consisting of a display, counter and dining area, office, storage and production area. The property is located on a heavily traveled road. Equipment is high-grade commercial quality and has been well maintained.
The staff consists of a core group of production and service employees who are complemented by part timers. The seller is an owner operator.
While there are numerous competitors in the immediate area for food dollars, there are no other bagel bakeries in the immediate service area. The other competitors consist of fast food restaurants, convenience store delis and full service restaurants
The store has a high repeat customer and business base.
FINANCIAL:
The business has built sales to the $1.1 Million level with high profits for the owner. Gross profit margins are expected to improve slightly. Local business expansion is occurring which should increase revenues (see forecast). With the business high above breakeven level, any sales increase will result in significantly greater profits. The sakes for 2008 are expected to reach $ 1,200,000 and a pro forma new owner can shoot for $ 1,300,000. EBITDO (Earnings before interest, depreciation, taxes and owners take out are planned to grow from $ 243,000 to a pro-forma $ 287,000.
SUMMARY, PRICE and TERMS:
This well established business is a local favorite. It is situated on a heavily traveled road but has good ingress and egress along with plentiful parking. . It enjoys a reputation for the highest quality products. Sales continue to climb and new opportunities for growth are already occurring. This is a turnkey business. This great bagel bakery is priced at $810,000 plus inventory ($10,000). A buyer equity investment of $200,000 is anticipated along with outside financing.
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