Established Artisanal Wholesale Bakery

Portland, OR (Multnomah County)

Plain, whole wheat sesame & cinnamon-raisin
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Asking Price: $95,000

Cash Flow: N/A

Gross Revenue: $191,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,500 /Month

Established: 2012

Established Artisanal Wholesale Bakery

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Business Description

Our bagels are hand-crafted then classically boiled and baked each day. We use minimal yeast and rely on long, cold rises to develop an authentic flavor. The process takes 48 hours from start to finish and are made with just five simple, traditional ingredients: flour, water, salt, yeast and malt. We proudly use Shepherd’s Grain flour a local, sustainable and Food Alliance certified product. Our bagels are made without refined sugar, animal products or preservatives. Baked fresh daily. These are the best bagels in Portland, Oregon!

Our bakery specializes in bagels with eighteen varieties in total. The majority of our bagels are vegan but we also carry a five (5) cheese bagels. The business is exclusively wholesale - we boil & bake each day and deliver to thirty (30) local cafes, groceries and restaurants. The operation is run by four bakers, four delivery drivers and the owner/operator.

The owner is originally from New York and is serious about real, chewy bagels! The owner will stay on (if requested) to help make the transition as seamless as possible. The transition would include learning to make phenomenal bagels, managerial duties and day-to-day operations.

There are many advantages to wholesaling. For example:
1. Every customer has a standing order so the business always has a steady income. Two thirds of our clients have been with us for more than three (3) years. All have been with us for at least one (1) year.
2. Our orders are consistent so we have very little food wastage, unlike a retail operation.
3. Similarly, our labor hours are very consistent. Our small, efficient team produces around 5,600 bagels per week.

Detailed Information

Location:
Portland, OR
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
N/A
Employees:
8
Facilities:
Included: Thompson bagel rolling machine, 60 quart Hobart floor mixer, 2 two-door reach in refrigerators, 6 metal prep tables (various sizes), 5 metro racks (various sizes, most large), laptop and eco-printer, current inventory & various small wares. Currently leasing a commercial kitchen.
Competition:
The business was established seven years ago. We occupy a substantial chunk of the market - with coffee shops as our largest clients. We have a cult following, especially among former New Yorkers. Our bagels are delicious but we typically beat the competition because of customer service - we have the feel of a small business with the reliability of a larger operation.
Growth & Expansion:
There is a lot of growth potential here. This business is profitable on its own but it could serve as an backbone for a retail operation (storefront, food cart, Farmer's Market or pop-ups). Our bagels have a cult following in Portland so there is already a fan base waiting in the wings. Adding more variety to the menu would increase sales as well. The easiest way to grow is to gain more wholesale clients.
Support & Training:
I can train the buyer to do everything: dough preparation, boiling, baking, large scale production, data collection, troubleshooting dough issues, paperwork, sales, hiring/firing, scheduling, bookkeeping. The owner is willing to negotiate the training time frame.
Reason for Selling:
Moving back home to New York state to be closer to my family.
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Business Listed By:
Cora LaGrange

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