New York Style Bagel Shop For Sale in North Dallas 001467
Price: $185,000
Location: Denton County, Texas
Industry: Restaurants & Food/Donut Shops
Listing ID: 001467
New York Style Bagel Shop for sale! This established New York-style handcrafted bagel shop, located in a prime North Dallas shopping center, offers a wide selection of freshly baked bagels, sandwiches, homemade cream cheeses, gourmet muffins, baked goods, coffee, and tea. Additionally, the business caters to customers with gluten-free options, ensuring inclusivity for a variety of dietary needs. Established in 2019 and acquired by the current owner in 2023, the shop has experienced steady revenue growth and earned a strong reputation for its high-quality ingredients and exceptional customer service, resulting in loyal customer relationships.
The business operates from a 1,420-square-foot space within a well-trafficked shopping center next to major Franchises along a busy tollway, providing excellent visibility and easy access. The surrounding area consists of a mix of residential neighborhoods, including both houses and apartments, contributing to a diverse customer base of middle- to upper-class individuals and families from the local area and neighboring cities. Despite increasing competition in the area, the shop differentiates itself by offering authentic, New York-style bagels, handmade with the original recipe from the current owner.
Marketing efforts include a combination of social media engagement, local community events, word of mouth, and positive online reviews. There is potential to expand marketing efforts by creating a dedicated website and increasing social media presence through collaborations with local food influencers. Additionally, the introduction of new flavors of bagels, cream cheeses, and coffee could attract a wider range of customers and further enhance the business¡¯s appeal.
The current owner is involved in the day-to-day operations, serving as both the baker and manager. With the bagel divider/former machine, forming the bagel process is extremely efficient time-saving. The buyer can hire a part time baker to alleviate and avoid coming in to the shop as early as they do. As the owner plans for retirement, they are offering a great opportunity for a buyer with a passion for the food industry, particularly those with restaurant or baking experience, to take over this successful and growing New York-style bagel shop. This is an ideal chance for someone looking to step into a well-established business with strong growth potential.
Down Payment: $50,000
Total Sales: $449,118
Cash Flow: $80,341
Inventory: $5,000 (Not Included in listed price)
FFE: $50,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Retirement
Training & Support:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Year Established: 2019
Employees: 5PT
Absentee Owner: No
Square Footage: 1,420 SF
Facilities Information:
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.
Competition:
Competition in the area has gotten more saturated with a few more bagel shops opening in the area but this business stands out with their originality as a fresh NY style handcrafted bagel made with the original recipe of the current owner.
The overall revenue has not been negatively impacted despite few competitions opening.
Potential Growth:
Some growth opportunities for the business could be to add new flavors of bagels, cream cheese, or coffees to attract more customers with different tastes.
Although the majority of the customers are loyal and regular customers, engaging in social media marketing and presence would boost overall sales as the area continues to grow.
A more proactive owner can obtain corporate accounts for recurring catering and be involved in the community to further expose the business to the locals.
Financing/Terms:
100% cash at closing or SBA financing with 20-30% cash down available for qualified buyers.
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