Backstreet Bagel Company

Backstreet Bagel Company

Backstreet Bagel Company

Backstreet Bagel Company

Backstreet Bagel Company

Price: $380,000

Location: Montrose

Industry: Restaurants and Other Eating Places

Listing ID: 54012
DESCRIPTION

Backstreet Bagel Company was established in 1995. The current owners took over in 2014. This award winning restaurant serves breakfast and lunch. The scratch kitchen turns out New York style bagels along with other exceptional baked-goods, plus limitless breakfast and deli sandwiches. While the popular menu has remained largely the same, the owners have strategically added items to intensify the customer experience like a complete craft coffee menu and additional deli sandwiches. The menu protocol is systematically in place and easily transferable to a new owner. This counter service fast casual restaurant has surpassed an average 8% annual increase in revenue with a high of 31% since the pandemic. The trend of 8-10% increase in revenue continues. On-line ordering, cash and carry, or stop in all contribute to the success. The dual owner team work part time in an administrative roles. The owners oversee operations but the day to day activities are managed by shift supervisors.

LISTING DETAILS
Total Sales:

Seller’s Discretionary Earnings (SDE): $112,000
FFE Included: Yes

FFE: $70,000

Reason For Sale:

Ready for next venture

Training & Support:

Sellers will be available for a smooth transition.

OPERATION
Year Established: 1995

Days & Hours of Operation: 7 days a week, 6 AM to 2:30 PM

Owner Hours Per Week: 7 days a week, 6 AM to 2:30 PM
Employees: 15

LOCATION

Square Footage: 2200

Facilities Information:

The 2200 Sq Ft building was updated in 2016. It includes handicap accessible restrooms, indoor dining for 40 patrons, plus a 300 sq. ft rear garden patio under shade trees, and covered seating in front for 12-16 people. The prep area has a large walk in cooler plus multiple points of refrigeration, a dry storage loft, and shelves for stable consumables. Additionally, a 96 ft custom storage shed offers storage and is set up for catering.
The real estate is owned by the Sellers and may be considered for sale.

SUMMARY

Competition:

Featuring a high quality made from scratch menu, Backstreet Bagel Company is the only restaurant of its kind in the area. The standard of exceptional customer service is proven by high reviews and repeat business attracting those who seek the independent eating experience. Word of mouth brings a steady flow of new customers. Backstreet Bagel Company has developed a large following serving hundreds of customers a day.

Potential Growth:

Opportunities for growth exist from various revenue streams, such as growing the wholesale market, catering, and extending business hours. The prep area already has additional production capacity with the current staff. The Sellers believe double even triple growth could be realized with a strategic plan for growth.

Backstreet Bagel Company

For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER

Valerie Brooks

Phone: 9702163517
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