Backstreet Bagel Company

(go6xgjQq_L2IuoasHkemV)large--SBM3648.-aa-jpg.jpg.jpg
Contact Broker
Mail Print Save

Restaurants & Food Businesses for Sale

  • Primary Category: Delis & Sandwich Shops for Sale

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.
Business Listed by
image of Valerie Brooks
Valerie Brooks
Sunbelt of Western Colorado
Email Valerie
Show Phone Number
Listing ID
WESTCO001-54012
License Number
100078573

Contact Business Broker

"*" indicates required fields

Name*
Newsletter
This field is for validation purposes and should be left unchanged.

Similar Businesses for Sale

Image of Relisted! Established Restaurant Location! Price Reduced! Save

Relisted! Established Restaurant Location! Price Reduced!

 Confidential, Colorado

This long standing family owned restaurants sits in the heart of a beautiful western Colorado town. For nearly two decades...

$800k Gross Revenue
$50k Cash Flow
Asking Price $169k
View Listing Save