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 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 6:00AM to 2:30 PM.
Financial Information
$380,000
Asking Price
$112,000
Cash Flow
$775,000
Gross Revenue
N/A
Down Payment
Yes
Financing
Business Location
City:
Montrose
State:Colorado
Reason for Sale
Ready for next venture
Detailed information
Year Established:1995
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Part-Time Employees:15
Contractors:N/A
Owner Worked Hours/w:30
Adjusted EBITDA:
$112,000
Inventory Included: No
Inventory Value:
$10,000
Monthly Rent:
N/A
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
FF&E Included?: Yes
FF&E Value: $70,000
Training/Support
Owners will provide necessary time to train and transition.
Facilities
The updated 2200 Sq Ft building has a dining area to serve 40 -plus, outdoor seating, and handicap accessible restrooms. The prep area has a large walk in cooler plus multiple points of refrigeration, a dry storage loft, and shelves for stable consumables. The real estate is owned by the Sellers, with an option to purchase on a case to case basis.
Market Outlook/Competition
Featuring a high quality made from scratch menu, Backstreet Bagel Company is the only restaurant of its kind in the area. Exceptional customer service is proven by high reviews and repeat business for those who seek the independent eating experience. Word of mouth brings a steady flow of customer and on-line ordering has significantly increased revenue. Opportunities for growth exist. The kitchen has double the capacity with the current staff and could easily double with additional staff.
Real Estate Description
The real estate is owned by the Sellers and may be considered for sale. It is part of a 3 unit condominium complex. The building is 2200 sq feet with outdoor dining available in both front and back. A portion of the property directly associated with Backstreet Bagel Company is undeveloped.
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