Bagel Business Center: Our guide on starting a bagel shop covers all the essential information.
To help you decide if this business is a good match for you.
Learn about the day-to-day activities of a bagel shop owner.
The typical target market, growth potential, startup costs, legal considerations, and more!
1. Bagel Business Center:Know the business background
Bagels are a classic breakfast food that became famous in so many cities.
But are now enjoyed throughout the world.
A bagel shop business provides bagels.
Which are convenient, tasty, and filling meals, to patrons for breakfast and lunch.
In addition to bagels, most bagel shops also have beverages and sides.
So customers can get a complete meal quickly.
2. Bagel Business Center:Know the right person for the business
Anyone who is passionate about food.
And enjoys serving other people may be well-suited for opening a bagel shop business.
The business involves lots of hands-on work making bagels and brewing coffee.
And business owners are regularly serving and interacting with customers.
3. Bagel Business Center:Know the time for the business
Because bagels are mainly eaten for breakfast and lunch.
Bagel shops are open during the morning and, sometimes, early afternoon.
Owners should be prepared to work almost every morning.
Although they may close one day a week so they can have a day off.
Additionally, many owners close their businesses for holidays.
4. Bagel Business Center:Know the activities involved
A bagel shop business owner starts their day in the early morning making bagels.
Brewing coffee and preparing other food items.
As the morning progresses, business picks up.
And business owners transition from prepping foods and drinks to serving customers.
As business slows later in the day, work usually focuses on cleaning and getting ready for the next day.
Although any customers that come in while the business is open are still served.
5. Bagel Business Center:Know the targeted market
An ideal customer for a bagel shop business is someone who eats breakfast but doesn’t have much time.
Bagels are a quick, satisfying food.
Bagel shops often appeal to both people with lots of discretionary income.
And those on tighter budgets, because bagels are relatively inexpensive.
6. Bagel Business Center:Know how to make money
A bagel shop business makes money by selling bagels.
Other food items and beverages to customers.
Some businesses may also cater events.
7. Bagel Business Center:Know about the growth potential
A bagel shop business can be as small as a single location or as big as a national chain.
Many successful bagel shops are regional, having a few locations in a particular area.
8. Bagel Business Center:Know about the skills and experiences
Bagel business owners should, first and foremost, know how to make bagels.
Many companies sell bagels wholesale that can be baked in-store, which is relatively easy to do.
Business owners that want to bake their own bagels.
However, should take a bagel-making course to learn the craft.
There are many companies that offer short classes on bagel making.
9. Bagel Business Center:Carry out some certain research about the business
Business owners should also be familiar with how to manage their workflow and employees.
Visiting other bagel shops and observing how they run their operations is a free way to get some insights.
Bagel shop owners in other cities may be willing to sit down and talk.
As a bagel shop in a different city won’t create competition for them.
10. Bagel Business Center:Know about the startup cost
The startup costs for a bagel shop usually total tens of thousands of Naira.
Some of the largest expenses include rent, equipment costs and employee salaries (if hiring employees).
Other expenses include bagel-making supplies, expenses for other foods and beverages, supplies to put bagels in and cups.
Business owners who want to keep their startup costs minimal.
Can find a small retail location so their rent is lower.
A small location will also make it easier to grab items for customers.
So business owners may be able to do all the work themselves.
And might not need to hire an employee.
Purchasing used equipment, which costs substantially less than new, can also provide significant savings.
11. Bagel Business Center:Know how to promote the business
All marketing efforts should be focused on residents.
Workers and commuters who are in the area that a bagel shop serves.
Which can be fairly small. Signs help draw attention to a business.
To get people in the door initially.
Business owners can go to nearby businesses with coupons for free bagels or coffee.
Giving away free items will encourage people to visit.
And word will quickly spread if people like what they have.
12.Know how to retained customers
A bagel shop business can set itself apart by making authentic bagels.
Many places, including coffee shops, grocery stores and diners, offer bagels.
These are often frozen products that are thawed, though.
A fresh-baked bagel will taste much better, and many people will specifically seek out great bagels.
For this reason, business owners should take a bagel-making course.
Also read:Top 22 Reasons Local Foods should be used in Nigerian’s Fast Food
13. Bagel Business Center:Know how and when to build a team
A small bagel shop business can be run with just one person, but it involves a lot of work.
As soon as possible, at least one employee should be hired.
This is to help expedite service during busy hours and relieve the owner of some day-to-day duties.
The next person hired is usually someone who can bake.
Although they may also perform other duties.
Once a baker is hired and trained, the owner can take an occasional day off.
Depending on how big and busy a bagel shop is.
It may be necessary to hire additional employees.
A bagel shop business may have anywhere from just a few to a dozen or more employees.
Read also:17 Tips to Reduce Restaurant Food Wastage in Nigeria
14 Know about the legal requirement
State & Local Business Licensing Requirements
Certain state permits and licenses may be needed to operate a bagel shop.
Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits.
In particular, most states require retail businesses such as bagel shops to obtain a seller’s permit.
A seller’s permit enables states to record and collect taxes from goods (and sometimes service) sales.
Most businesses are required to collect sales tax on the goods or services they provide.
In addition, certain local licensing or regulatory requirements apply.
For example, a bagel shop will need licensing from a local health department.
Once a license is obtained, bagel shops will be randomly inspected by the local health department on a regular basis.
These inspections will check for compliance with local health laws, typically related to prevention of food contamination.
- Tips for faring well on a health inspections
For more information about local licenses and permits:
- Check with your town, city or county clerk’s office
- Get assistance from one of the local associations listed in Nigerian Small Business Associations directory of local business resources.
- Reduce Personal LiabilityStructuring your business as a limited liability company (LLC) .
- Ensures your personal assets are protected in the event your business is sued.
See also:Tips to Start Food Production for Diabetes in Nigeria
15. Bagel Business Center:Know about the earning potentials for the business
How much can you charge customers?
- An article by Serious Eats looked at the price of a bagel at several bagel chains inNigeria.
- A plain bagel ranged in price from #350.00 to #900.00.
- And a bagel with cream cheese ranged from #450.00 to #1200.00.
- Prices elsewhere might be slightly lower.The other foods and beverages sold by bagel shops, such as fresh fruit, yogurt, coffee and tea usually cost about the same as a bagel or a bagel with cream cheese.
16. Know about the expenses
The ongoing expenses for a bagel business include rent, licensing fees, employees’ salaries, costs for bagel-making supplies and other foods, costs for beverages, and costs for serving supplies.
Read also:19 Effective Fast Foods Management Tips in Nigeria
17. Bagel Business Center:Know about the business profit
How much a bagel shop business can make.
Depends on how many customers a business serves in a day, week, month or year.
For this reason, location selection is extremely important.
When starting up a bagel shop.
In order to succeed, a shop should be located in a busy area.
Read also:7 Tips to open Noodles Eateries in Akwa Ibom State
18.Know how to make it more profitable
A bagel shop business can increase its profitability by upselling customers.
Featuring bagel sandwiches, which sell for more than a bagel with cream cheese, and offering other options, like espresso beverages and granola, can increase the average ticket price.