New York Style Bagel Shop

Not Disclosed, TX
Denton County

North Dallas

Asking Price: Annual Revenue:
$169,000 $304,312

Food & Beverage: Miscellaneous

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RE: New York Style Bagel Shop Broker: Moon Kim

Quick Facts

Asking Price: $169,000
Annual Revenue: $304,312
Net Profit: Not Disclosed
Cash Flow: $114,039
Total Debt: Not Disclosed
FF&E: $80,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 3
BBN Listing #: 51019188
Broker Reference #: 000963

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Business Overview:

New York style handcrafted bagel shop in prime location of North Dallas is now available for acquisition. The business was established in 2019 by the current owner. This business occupies a 1,420 Square Feet space of a retail strip center that is conveniently located just off of the highway and the main road of this city nearby a super-regional shopping center which has numerous brand name retailers and nationwide grocery chains. Competition is very minimal to none in this area as there is just not many New York style bagel shop in the entire DFW metroplex, and moreover this business is highly competitive in terms of its originality as NY style handcrafted bagel made with recipe of the current owner who has over 20 years of experience in this industry and its affordable price points. Although there are few corporate competitors with typical style of bagels, they are not in the same market area this business is in. Most of the customers are middle to upper-class individuals and families, and a well mix of all ethnic groups that are from the surrounding densely populated residential neighborhoods as well as those coming from adjacent cities for original taste of New York Bagel. This business not only offers superior quality of signature handcrafted bagels, sandwiches, wraps, homemade cream cheeses, salads, gourmet muffins & baked goods, coffee & tea, but also offers gluten-free options to accommodate all kinds of customer preferences. Gross sales have been very consistently growing since its inception and are currently running at $6,000 to $6,500 on a weekly basis. However, with its prime location and strong product line, coupled with pro-active marketing and new owner's active involvement in day to day operation will possibly bring the sales up to double. Although the business has its own website and some marketing through a social media outlet is in place, more offline marketing methods such as direct mailing, flyers, specials, adding more coffee selections etc. is crucial to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Marketing efforts on catering service to corporate customers such as schools, companies, public agencies, etc. can also greatly improve the sales as catering business has remained totally untapped by the current owner. The business recently acquired a brand new Bagel Divider/Former that divides the dough into equal portions and then forms the dough into a perfect bagel shape. This automated machine allows the business to produce high volume of goods that would have normally required 7-8 hours of production in 2-3 hours or less. Faster production of bagels will allow this business to reach higher volume of sales without hiring additional employees. This business has done very well with its ground works, poised for next level growth. Once again, a potential buyer must put a lot of effort into promoting the business to expose itself to local customers by proactive marketing as it has been only open for less than a year.

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Property Features and Assets:

This business in a 1,420 Square Feet is located next to an intersection surrounded by densely populated residential area and numerous national retailers and grocery chains with heavy traffic. Recently, major equipment was bought that cuts production time from 7-8 hours to 2-3 hours. / Inventory: $1,500 (Not Included in listed price).

Market Competition and Expansion:

Competition: There is literally no bagel shop in the immediate market area. Growth and Expansion: With proper marketing, capacity is set to handle twice of current sale without any need to expand capacity.

Reason for Selling:

Other opportunities.

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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