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Opportunities

Big Apple Bagels Franchise

Sold

CASH FLOW
$32,358

Specifications

  • Price
    $68,000

  • Revenue
    $179,770

  • Equipment
    $27,646

  • Intangible Assets
    Franchise advertising including web, social media, and other advertising streams

  • Inventory
    $10,225

  • Lease
    $1,600

  • Location
    Norfolk, NE

  • Franchise

  • Employees
    6 Part-Time: $10.00-10.50 per hour

Norfolk location with over $1,000/week of catering contracts.  This is an opportunity to own a Big Apple Bagels franchise. Since 1993, the corporate franchise team at Big Apple Bagels has taken the guesswork out of running an expanding market niche business and lays down a predictable, process driven framework for the owner to follow. What this means is that the new owner will receive the power and stability of an experienced franchise at a little over 20% of the cost of starting one. Open for just over 1 year, the current owner has encountered new life opportunities while battling health issues. The owner is willing to provide additional transition support in addition to the franchise training. 

The lease is $1,600 per month for approximately 1,600 square feet of space. There are 6 part-time staff members receiving between $10.00 and $10.50 per hour.  Business comes with all specialized bagel making equipment. The current owner is responsible for managerial oversight, financials, and payroll. Due to the recent startup, the business has not yet had the opportunity to advertise its catering services or to build relationships with the community and Chamber of Commerce, which could lead to increased sales.

Business Highlights

  • Year Established: Franchise since 1993; location since 2015 
  • Location: Norfolk, NE 
  • Building Lease: 1,600 sq. ft. for $1,600/month
  • Reason for Selling: Urgent health issues and family concerns
  • Employees: 6 Part-Time: $10.00-10.50 per hour
  • Hours: M-F 6am-2pm; Sat 7am-2pm; Closed Sun
  • Seller Training Period: Franchise training and current owner will assist as needed
  • Growth Opportunities: Expand catering business, build more connections in the community and Chamber of Commerce
  • Current Owner’s Responsibilities: Management, financials, payroll

Financial Highlights

  • List Price: $68,000
  • 2016 Gross Sales: $179,770
  • Cash Flow: $32,358 (industry standard 18% gross sales)
  • Assets Included in Purchase: $37,871
    • Equipment: $27,646 includes specialized bagel production equipment
    • Intangible Assets: Franchise advertising including web, social media, and other advertising streams
    • Startup: $130,000 buildout, $100,000 franchise startup fees and initial marketing costs
    • Inventory: $10,225 
    • Weekly Catering: $1,00

*amounts may vary

Norfolk, NE

Norfolk is located in Northeast Nebraska in Madison County in the Elkhorn River Valley, 112 miles northwest of Omaha, 121 miles north of Lincoln and 75 miles southwest of Sioux City, Iowa. Norfolk is only 15 miles from Madison, Nebraska, the county seat of Madison County, which is governed by a three-person Board of County Commissioners. Norfolk accommodates several branch offices for Madison County as well as a separate State Highway Patrol Center and serves a 23-county area.

Norfolk is the economic center for an area encompassing six counties. Basic economic activities of Norfolk are manufacturing, farming (both livestock and grain), education, retailing, and wholesaling. Manufacturing employs over 4,059 persons. Norfolk is the major retail trade center for Northeast Nebraska.

Valuation Details

The Firm Business Brokerage used a Cost-to-Create Valuation methodology to determine the Purchase Price of the business.  This business cost the current owner more than $230,000 up front to start up. The asking price is a small fraction of that cost.

Attachments

For your further information, I have attached the following documents to this email:

  • Business Summary
    • Identifies important business information in an organized quick-reference format
  • Menu
  • Pictures 
    • Interior and equipment photos
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Click to download NDA form

Print, sign and send to:

210 N 78th St. 2nd Floor
Omaha, NE 68114

Or fax to:

f 402.939.0857

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.