Long Established & Profitable Bagel Shop

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Listing ID: 700353695

Listing Title: Long Established & Profitable Bagel Shop

Quick Link: http://www.globalbx.com/listing.asp?bId=353695

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Colorado

Area

City: Colorado Springs

Asking Price Range: $500K - $1.0M

Gross Revenues: $1,275,160

Cash Flow: $164,987

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1999

Number of Employees: 10 - 19

Business Description:
Profitable business with experienced staff in place! An established business with a solid reputation for high quality products at reasonable costs. In addition to a successful and well-known retail location they provide wholesale bagels and pastries to 45+ customers ranging from Monument to Pueblo. In addition, they have a strong reputation with out of town customers who visit Colorado Springs periodically for sports and business events. The primary retail establishment offers a fast-casual format with indoor seating for 45 and has a fireplace and couches for comfortable customer relaxation. The space includes an eight-seat espresso bar at which customers receive full service. The entire menu is available all day and offers bagels, breakfast sandwiches, pastries, hot and cold lunch sandwiches, salads, soups, quiche, and other specialty items. Customers can receive good, fresh, locally produced food with quick, friendly service in an upscale environment at a reasonable cost. This business originally opened as a franchise and then converted to a stand-alone in 2,000. It is currently operated by the second only owner. It is located in a large strip center close to I-25, making it easy for those coming to stop on their way to work and those traveling on the freeway to stop and get a bite to eat or take-out. Other businesses in the vicinity include hotels, sporting and music venues. The store is approximately 2,800 sf and revenues are 80% retail and wholesale making up 20%. Retail being broken down as follows: 45% breakfast, 45% lunch and 10% after 2:00 pm. This business offers purchasers the right resources and a solid foundation on which to continue and grow. This is a sound and desirable business concept. The product offering is unique and appealing. Staff is mature, experienced and committed to the business. Well-documented processes are in place. Price $525,000, Call (719) 635-8133



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