ESTABLISHED BIG APPLE BAGELS CAFE - OWNER RETIREMENT
This turnkey Big Apple Bagels franchise presents an exceptional opportunity to acquire a profitable, well-established cafe in Grand Rapids, MI. Operating successfully since 2000, this location generates $539,000 in annual revenue with $60,000 in seller's discretionary earnings.
BUSINESS OVERVIEW:
Strategically positioned on Plainfield Avenue's inbound traffic corridor, this 1,000 square foot cafe captures high-volume commuter and local traffic. The franchise specializes in breakfast and lunch offerings including fresh bagels, muffins, pastries, coffee drinks, and signature breakfast and lunch sandwiches.
FINANCIAL PERFORMANCE:
- Annual Revenue: $539,000
- Cash Flow (SDE): $60,000
- EBITDA: $60,000
- Demonstrating 15% growth rate
- Strong profitability with diversified revenue streams
REVENUE STREAMS:
- Dine-in and take-out service
- Third-party delivery partnerships
- Catering services
- Morning commuter traffic
- Lunch business
OPERATIONAL ADVANTAGES:
- Established customer base built over 24 years
- Prime location on major traffic corridor
- All equipment in excellent operating condition
- Solid mechanical systems
- Proven franchise system with brand recognition
- Current manager willing to stay on for seamless transition
LEASE TERMS:
- Monthly rent: $1,800
- Lease expires: January 1, 2030
- Favorable rate for high-traffic location
INCLUDED ASSETS:
- FF&E valued at $115,000
- Inventory valued at $14,000
- Established franchise rights
- Operational systems and procedures
This opportunity offers an ideal entry into the food service industry with an established brand, proven location, and strong financial performance. The current owner is retiring after successfully building this profitable operation over more than two decades.
Asking Price: $320,000
Perfect for an owner-operator or investor seeking a stable, profitable food service business in a growing market.
Ad#:2435616
