Real 2026 valuation multiples, why catering accounts change the math, and how to get a free valuation from a NJ-based broker.
The industry rule of thumb for bagel stores is 1.5x to 2.5x annual cash flow (SDE), supported by solid 15-20% profit margins typical of the category. Catering and wholesale accounts are the biggest lever for moving toward the top of that range.
These figures are industry rules of thumb, not appraisals — your actual valuation could land higher or lower than shown above depending on your specific financials, lease, and accounts.
Revenue concentrated in a narrow morning window reads as fragile compared to shops with catering or all-day traffic.
Missing office and bulk order revenue leaves a significant, higher-margin opportunity untapped.
Old ovens and mixers become an immediate capital expense buyers subtract from your asking price.
The industry rule of thumb is 1.5x to 2.5x annual cash flow (SDE), supported by typical 15-20% profit margins.
Yes. Office catering and bulk order accounts diversify revenue beyond the morning rush and are viewed favorably by buyers.
Yes, generally. An in-house baking operation with a strong reputation supports customer loyalty, which buyers factor positively into value.
Revenue concentrated in the morning rush, no catering accounts, aging equipment, and a short lease are the most common reasons a bagel store sells below its potential.
I'll factor in your catering accounts, lease, and real numbers to give you an honest valuation range — no cost, no obligation.