SOLD – New York Style Bagel Shop
New York style handcrafted bagel shop in a 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 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 national grocery chains. Competition is very minimal to none in this area as there is just not many New York style bagel shops in the entire DFW metroplex, and moreover, this business is highly competitive in terms of its originality as NY style handcrafted bagel made with a 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 the 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 the 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 $7,000 to 7,500 on a weekly basis. However, with its prime location and strong product line, coupled with pro-active marketing and the new owner’s active involvement in the day-to-day operations 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 proactive marketing methods such as daily specials, adding a new menu and 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 services to corporate customers such as schools, companies, public agencies, etc. can also greatly improve sales as the 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 a 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 a higher volume of sales without hiring additional employees. This business has done very well with its groundworks, 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.