Long established & profitable Bagel shop

Colorado Springs, CO
El Paso County


Asking Price: Annual Revenue:
$525,000 $1,275,160

Food & Beverage: Coffee, Cafe, Dessert


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RE: Long established & profitable Bagel shop Broker: Dave Finsterwald

Quick Facts

Asking Price: $525,000
Annual Revenue: $1,275,160
Net Profit: Not Disclosed
Cash Flow: $164,987
Total Debt: Not Disclosed
FF&E: $209,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 17
BBN Listing #: 4935386
Broker Reference #: GF-0879

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Business Overview:

An established business with a solid reputation for high quality products at reasonable costs. In addition to a successful and well-known retail location they provide wholesale bagels and pastries to 45+ customers ranging from Monument to Pueblo. In addition, they have a strong reputation with out of town customers who visit Colorado Springs periodically for sports and business events. The primary retail establishment offers a fast-casual format with indoor seating for 45 and has a fireplace and couches for comfortable customer relaxation. The space includes an eight-seat espresso bar at which customers receive full service. The entire menu is available all day and offers bagels, breakfast sandwiches, pastries, hot and cold lunch sandwiches, salads, soups, quiche, and other specialty items. Customers can receive good, fresh, locally produced food with quick, friendly service in an upscale environment at a reasonable cost.

This business originally opened as a franchise and then converted to a stand-alone in 2,000. It is currently operated by the second only owner. It is located in a large strip center close to I-25, making it easy for those coming to stop on their way to work and those traveling on the freeway to stop and get a bite to eat or take-out. Other businesses in the vicinity include hotels, sporting and music venues. The store is approximately 2,800 square feet and revenues are 80% retail and wholesale making up 20%. Retail being broken down as follows: 45% breakfast, 45% lunch and 10% after 2:00 pm.

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Property Features and Assets:

2,800 square feet leased facility in great location with easy access to I-25.

Market Competition and Expansion:

This business offers purchasers the right resources and a solid foundation on which to continue and grow. This is a sound and desirable business concept. The product offering is unique and appealing. Staff is mature, experienced and committed to the business. Well-documented processes are in place. There are multiple lines of business which support each other during market fluctuations. Economic conditions are right to prepare for expansion as Colorado Springs continues to receive a large military influx. The opening of the new Amazon distribution center as well as supporting personnel and businesses should increase future sales and profits.

Reason for Selling:

Retiirement

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.

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