SOULSHINE BAGEL, INC.

Upstate NY Adirondack Tri-Lakes Special Situation

This wonderful and highly profitable Bagel and Snack Shop is located on the pedestrian-busy main street of a world famous sports and vacation resort, Lake Placid, NY, the “Olympic Village. From sunup to late afternoon, Soulshine provides a full range of take-out and on-premises foods to visitors, local merchants and Main Street shoppers.  It offers a variety of home made bagels, muffins and sandwiches, and a daily gourmet lunch selection, with non-alcoholic drinks and a number of special coffees for clients to take with them to their work, on hikes or excursions, or to be enjoyed on interior tables or in Adirondack chairs at the front of the store.

Owner is present approximately half the time .. with store opening 7 days a week (7AM to 4PM). A Manager – who could be covers the rest of the week, with shifts of two sales aides.  Sales of this cash based hospitality business have grown over the past 5 years from $ 250,000 to exceed $ 400,000 annually of late, and there is an attractive lease. The youthful owner desires to pursue advanced degree. 

The 1600 square foot rented shop occupies the ground floor of a commercial hotel building, with 25’ wide high visibility entrance and front window, and is about 60 feet deep. It has a one-floor-up supplementary kitchen space for cooking bagels and specialties that is connected by a dumb-waiter elevator and stair. All necessary equipment includes a bagel oven, stove and grill top, mixing machines for dough and soups, coolers for butter, cheese and miscellaneous toppings, and glass faced refrigerators that display bottled and canned juices and soft drinks. There are trestle type tables at the street front of the shop, and smaller tables along the side of the store.  All necessary equipment for a modest menu sundry food operation is in place, including coffee urns, cutlery and toasters, grill and condiment serving coolers. Nearby neighbors include tourist motels, sports equipment shops, souvenier boutiques, regular dining establishments and a multi business shopping mall. A reasonable lease is offered.

 INVESTMENT HIGHLIGHTS:

·        Well established snack business in a prosperous highly reputed resort

·        “Location, location, location..” with high- traffic and heavy patronage from locals and visitors

·        Food prep is simple, wholesome, easy- to-learn and support.

·        Ample availability of reasonably priced hourly help.

·        Sales have grown annually over the past 5 years from $ 250,000 to over $ 400,000, with attractive, constantly growing profits.

·        Breakfast and Lunch short day gives ample time to enjoy a great place to live and play … all seasons of the year.

·        World famous Resort Village offers varied amenities, nice folks and prosperity.

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