Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Now York Style Bagel Shop
(Restaurants)
Denton, Texas
Listed Price: $ 119,000
Listing ID: 000915

Listing DetailsDown Payment: $ 119,000
Gross Revenue: $ 286,000
Cash Flow: $ 97,508
FFE: $ 70,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

Relocation


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

New York style handcrafted bagel shop in prime location is now available for acquisition. The business was established in 2019 by the current owner. This business occupies a 1,420 SF 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 since its inception and are currently running at $5,500 to 6,000 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. 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.


Competition:

There is literally no bagel shop in the immediate market area.


Potential Growth:

With proper marketing, capacity is set to handle twice of current sale without any need to expand capacity.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 1420
Facilities:

This business in a 1,420 SF is located next to an intersection surrounded by densely populated residential area and numerous national retailers and grocery chains with heavy traffic. All equipment is a brand new less than a year and in great working order.


OperationYear Established: 2019
Employees: 3PT
Absentee Owner: No