Business Overview:
An award winning Bagel Bakery that produces bagels from scratch. It has an excellent reputation and a huge amount of untapped potential. It is one of the top rated Bagel Stores in the entire Philadelphia area. They use only all natural ingredients. No preservatives. No unnatural additive. This bakery is pretty much a one man show with well kept Secret Recipes and Bagel Baking Processes.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This Bakery is operated primarily as a retail store with strong repeat sales. It is well known throughout the Philadelphia area for its Award Winning Bagels. It's bagels were voted the best of Philly 1999 and they won the Fox Ranking as one of the "Top 5 Bagel Bakeries" in 2008. The owner has focused his efforts on producing high quality bagels. While his repeat business is strong, there is no other form of advertising. It is high quality retail bagel bakery and coffee shop, operated as a one man business. Their reputation for producing award winning bagels is well known throughout the Tri-state area.
Market Competition and Expansion:
There is no serious competition for this company within a five mile radius. Also, they have a huge potential for growth. A Marketing Plan that includes a mechanism for wholesale distribution will have a dramatic effect on both sales and profits. The addition of a Web Site and an internet based marketing component will serve to create a strong internet presence and have a positive impact on the company's bottom line. Today, annual revenues consist of 90% Retail Sales and 10% of Wholesales business. There is a huge untapped Wholesale Market waiting to be exploited by the new owner. The Bakery consistently runs at less than 50% of its capacity allowing more than ample room for expansion.
Reason for Selling:
Owner retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.