MergerPlace

Franchise NY Style Bagel Shop

Northwest Dallas, Texas (Tarrant)


  • Asking Price: $115,000
  • Gross Income: $315,163
  • Cash Flow: $71,827
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $35,000
  • Listing ID: #224596
  • Established: 2018
  • Employees: 1FT/3PT

Business Description

Office ID: #001034

The franchise made to order handcrafted New York style bagels shop in a prime location of Northwest Dallas is now available for acquisition. This business was established by the current owner in 2018. This business occupies a 1,600 SF space of a retail strip center that is conveniently located just off of the highway. The business is located right next to the national grocery store and is surrounded by many retail stores that bring numerous customers. 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 bagel at 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 while the Caucasian customers are predominant for this business. Various menu items are provided at this bagel shop ranging from signature bagels, sandwiches, soup & salads, a variety of cream cheese, gourmet muffins & baked goods, beverages, coffee & tea, etc. Gross sales have been very consistently growing since its inception and are currently running at $7,000 to 7,500 on a weekly basis. Gross sales of this bagel shop were $18,000/month in 2019, $20,000/month in 2020, and after April 2020, monthly sales have reached $23,000 so far due to increasing delivery sales under the Covid-19 circumstance. Although the business has its own website and some marketing through a social media outlet is in place, more proactive marketing methods such as direct mailing, flyer, daily specials, adding a new menu, etc. is crucial to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. By adding a drive-thru window, the new owner can maximize customer's convenience as well as the profit of the business. Marketing efforts on increasing catering accounts to corporate customers such as schools, companies, public agencies, etc. can also greatly improve sales as the catering business has remained untapped by the current owner. This business has done very well with its groundworks, poised for next-level growth. A potential buyer should be able to realize the growth by getting more involved in the day-to-day business operation and conducting pro-active marketing.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Texas
Metropolitan Area: Northwest Dallas
County: Tarrant

Company Information

Year Established: 2018
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1FT/3PT

Financial Information

Asking Price: $115,000
Gross Revenue: $315,163
Cash Flow: $71,827
FF&E: $35,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

This bagel shop is located in a 1,600 SF space of retail strip center that is anchored by a nationwide grocery store surrounded by enormous presence of retail stores with tremendous foot traffics.

Growth & expansion opportunities:

Currently, some online marketing is in place, but other proactive marketing methods such as direct mailing, flyers, coupons, loyalty programs, etc. need to be utilized to generate more revenue.

Competition:

There are no direct competitors in the immediate market area.

Reason for selling:

Retirement

Support & Training:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.

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Business Listed By:

V-AID Group

www.v-aidgroup.com