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Donuts & Bagels - 2 Locations

Location: Eastern NC

ID: (#200796)

200796
Price:$935,000
Revenue:$1,300,000
Cash Flow:$300,000
FF&E (Assets):$298,000
Inventory:$15,000
Real Estate:$0

Overview

Two restaurant operation built to support three. Modeled for franchise

Established in 2015, these Donut & Bagel cafe style restaurants serve the best hand-made donuts, freshly baked bagels, locally roasted coffee, espresso, and breakfast in Wilmington. After achieving success with their first location, the owners (two buddies since highschool) built a second, brand new location. Each location sits in high traffic intersections, in established shopping centers with high visibility, manicured landscapes and ample parking.

With a second location running at full speed into its second year and the pandemic restrictions over we are seeing record revenues (June gross revenue: $140,000). This presents an owner with an opportunity to step into a profitable, well-oiled two restaurant machine. HUGE franchise potential. The current operation is designed and equipped to support a third restaurant.

This is also a great opportunity for a family or friends who have wanted to run their own business and avoid those risky first years!

Large social media following, professional website, and hundreds of 5 star reviews. Online ordering, delivery, carry-out, dine-in established.

Sellers are highly motivated to sell and ready to negotiate and make it work for you. For any SBA loan initiated before Sept 30, the SBA will make the first 8 payments, principle and interest! Now is the best possible time to get in to the business.

Details

Reason for Selling:

Relocation

Established:

2015

Employees:

20

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

Both locations are fully equipped, one with brand-new equipment and systems. A delivery van supports both locations. As turnkey as it gets!

Facilities:

Leased

Inventory:

Inventory at normal business level will be conveyed with the business.

Competition:

Already shut down a Duck Donuts and a Rise Biscuits & Donuts. There are no hand-made donut and bagel places around that can cater to an entire families needs. Mom wants a latte, Dad wants coffee and a sausage egg and cheese sandwich on an everything bagel (or a biscuit, maybe a croissant), kids want donuts.

Opportunities for Growth:

Right away a drive-thru window could be added to the new location. Huge catering potential. Events, food truck locations, festivals, merchandise potential. Re-open on Mondays for an easy revenue boost. The operation is already scalable to support a third restaurant. The branding, simplicity of menu, standardized production/operations, and availability of national vendors will lead the right owners to build a franchise.

Support and Training

One month of focused training and a full operations manual complete with all recipes, standard operating procedures, scheduling, training materials, etc. A "how-to" guide to running the business.

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