Listing ID: 68459

Business Overview

For over three decades, This business has been a beloved fixture and a genuine local favorite in the heart of the Pittsburgh community. This is more than just a bagel shop, it’s a deep-rooted institution dedicated to serving fresh, authentic breakfast and deli fare to its loyal neighbors. Baking bagels in house fresh daily.

Overview:
Weekly sales: ~$20,000 / week
Cash flow: ~$180,000 / yr

Business Highlights:
Established 32 years
On Main Street in Pittsburgh with minimal competition
High visibility and foot traction
Bakes in house (mix, kettle boil, oven baked)
Hand rolled bagels
Cream Cheese made in-house
Owner operated

Fully staffed with a manager
70% of sales in CC and 30% in cash
Surrounded by Major Colleges and Hospitals
Ample space of 3200 sqft with 70 person seating capacity

CLOSED Mondays

Stopped Wholesale Business, potential value add.

Financial Highlights:
Gross: $1,000,000
Payroll: ~$6,500 / week
Rent: $10,857 / month (includes taxes & CAM)
Insurance: $9,687
Utilities: $37,827 / yr

Rent & Lease:
Rent: $10,857 (Includes taxes & CAM)
Term: 1 year + (2) 5 yr options
Sqft: 3200

Weekly Breakdown:
$15k CC retail sales
$5000 cash (split between retail / wholesale & catering)

Equipment age:
Oven: 20 years old.
Boiler ~18 yrs old
Mixer: 8 yrs old (150 quart mixer)
2nd Mixer: 8 yrs old (80 quart mixer)

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $575,000
  • Cash Flow: $275,000
  • Gross Revenue: $180,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:3,200
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Other business interests.