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Bagel Bakery & Deli

Location: Brunswick County, NC

ID: (#200710)

200710
Price:$595,000
Revenue:$1,020,000
Cash Flow:$239,000
FF&E (Assets):$91,000
Inventory:$5,000
Real Estate:$0

Overview

This is an established, profitable Bagel Bakery & Deli located in Brunswick County, NC.
The wide variety of New York Style bagels are made from scratch on premises and baked fresh daily. All cream cheeses are homemade. In addition to in-store sales, the business also operates a regional wholesale distribution network.
At full operating capacity the restaurant seats 60 inside and about 35 outside on a brand new large wooden deck.
COVID-19 had little impact on the business. Bagels are in general a quick and affordable take-out meal and the business had to make minimal adaptations to accommodate the new requirements.
The revenue and cashflow numbers provided are from the 2019 business tax returns. Total sales
in 2020 are 14% higher than 2019, despite mandated closure.

Details

Reason for Selling:

Retirement

Established:

2012

Employees:

14

Furniture, Fixtures, and Equipment (FF&E):

All kitchen equipment as well as all restaurant outfit (tables, booths and chairs) and one minivan for deliveries are included in the asking price. Current fair market value of equipment and FF&E is estimated $91,000 and is included in the asking price.

Facilities:

Premises are leased to the buyer, purchase of property optional with right of first refusal.

Competition:

Very limited competition. Some marketing is done via Facebook.

Opportunities for Growth:

Brunswick County Beaches, where the bakery is located, is rapidly growing in population which will bring natural growth of the business. The wholesale operation provides ample opportunity for expansion. Additional marketing, promotions, and a website with online ordering are some of the possibilities to drive growth.

Support and Training

The seller is willing to remain with the company as needed for transition, and is open to remain involved in some reduced capacity long term, for instance to help build out the wholesale operation.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486