Beloved Dallas Bagel Shop Concept For Sale

Dallas, TX

Seller Financing Available

listing image
Asking Price:$750,000
Gross Revenue:$1,500,000
EBITDA:$280,000
Cash Flow:$280,000
Rent:$11,500/Month
Established Year:2021
BUSINESS DESCRIPTION

The flagship location of a beloved Dallas bagel concept (not Shug's) is for sale or otherwise seeking a financial partnership. It is a very well known brand in the area, with many awards and news articles written about it. The concept has succeeded in multiple geographies and settings, and the acquisition of this store provides runway to grow the brand throughout DFW and potentially realize franchise opportunities down the line.

The flagship location has undergone a number of changes in the previous months to streamline and simplify operations to handle incremental volume and reduce reliance on previously critical employees.

At this point, the brand needs someone to continue the work of growing regional awareness and getting more customers through the door. The store will benefit from operating leverage given it's high margin profile and fixed cost structure. At this point, incremental sales dollars pass through margin directly to the bottom line, creating an opportunity for someone with strong marketing skills to dramatically increase store level cash flows and contemplate new expansion locations.

The store currently has 2 full-time managers, wages of whose have been added back to achieve the store's cash flow number of $280,000. A single owner-operator could manage the store if desired and earn the full $280,000 or operate with an assistant manager at a lower wage.

The concept partnership is seeking an outright sale but potentially open to a financial partner who has the vision to realize the brand's potential. Transaction value is no less than $750,000.

Please contact me with the contact form to learn more about this opportunity.


DETAILED INFORMATION
Location
Dallas, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
01/01/2030
Employees
18
Facilities
Assets typical of a bakery (ovens, mixers, other equipment needed to get customers their orders).
Competition
Bagel shop are popping up in Dallas, but this shop is well recognized as a competitor against Shug's. There is not direct competition in it's immediate neighborhood and it's location next to offices provides consistent weekday volume.
Growth & Expansion
Growth can be achieved by simply building brand awareness. While it's a well known store in its neighborhood, the brand lacks awareness and simply growing the social media presence or improving catering volumes could build the brand awareness to quickly bring more people in the doors. The biggest area for growth is weekdays but the store has also been optimized to handle greater weekend volume.
Financing
No seller financing, but can roll equity if needed to get SBA approval
Support & Training
Whatever is needed to create a smooth transition. The shop can largely run itself and isn't particularly complicated. We have trained managers in 4 weeks previously.
Reason for Selling
Lack the time to grow the business as intended given full-time W-2 employment ob
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Micah Poag
Micah Poag