Bagel Shop w/ Wholesale Accounts #86202113

The Company was founded in 2017, and has quickly differentiated itself as a go to gourmet bagel shop for people in the local community. This company was founded by a professional chef with the hopes of giving the people in the community a delectable bagel that is unrivaled by others. This shop has grown quickly, and has even opened up a location in the local airport which has proven to be very fruitful for the company’s bottom line. This company prides themselves on the superior quality and the preparation of their bagels. They hand make each bagel daily, and finish them off in a wood fired oven giving them a taste and texture that is truly unrivaled by competitors. Ownership founded the company with the intention of making each person who tries the bagel’s day by offering them a world class bagel, and superior customer service. Location: Texas Year Established: 2017 Number of Employees: 12 Real Estate: Leased Rent: $5,600.00 Per Month Facilities: They are currently operating out of two different locations, a physical location that is 1,800 SF, and a location inside a local airport. The physical location is located in an area with high disposable income, and the airport location is about to drastically increase foot traffic as there is a new terminal opening up in the near future. Market Outlook/ Competition: Recurring Revenue Stream— Ownership was strategic and set up a licensing agreement with the local airport. The company gets a % of revenue from the total sales each quarter from the airport location. Extensive Menu Options– The company maintains a deep array of handcrafted bagel options that include over 18 different flavors, and 18 different cream cheeses to choose from. In the store location, patrons can also enjoy a great cup of coffee with their choice of bagel. Strong Growth Opportunities– This company has strong growth potential as this is a new model with unlimited upside and potential. Ownership notes the airport location is still growing tremendously, and they estimate the catering portion of the business has an extremely positive outlook as more companies are returning to office, and larger group events continue to increase post-COVID. Strong Revenue Growth— This company has shown strong pre-COVID revenue growth with a CAGR of 11% from 2018-2020. Sales are already up 24% compared to last year, and this growth is expected to continue in the pro forma period. Growth & Expansion: *Geographic Expansion *Catering Expansion *Expand locations with one central oven