Backstreet Bagel Company

Montrose, CO

Seller Financing Available

listing image
Sale Pending
Asking Price:$380,000
Gross Revenue:$775,000
EBITDA:$112,000
Established Year:1995
Cash Flow:$112,000
Inventory:$10,000
FF&E:$70,000
BUSINESS DESCRIPTION

Long standing one of a kind restaurant with exceptional room for growth

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 high quality bagels (New York style) along with other exceptional baked-goods, plus limitless breakfast and deli sandwiches. While the popular menu has remained largely the same since opening day, the owners have strategically added items to intensify the customer experience such as 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 on a part time basis mainly in an administrative role. The owners do oversee operations but the day to day activities are managed by shift supervisors.
Hours of operation: 7 days a week 6AM to 2:30 PM.


DETAILED INFORMATION
Location
Montrose, CO
Inventory
Not Included in asking price
Real Estate
Owned
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
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.
Growth & Expansion
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.
Financing
Partial seller financing on a case by case basis.
Support & Training
Owners will provide necessary time to train and transition.
Reason for Selling
Ready for next venture.
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