Expansion Strategy - Pop-Up Bagels aims to open 300 stores across the US within the next 4 years [1] - The company currently operates in 16 stores, with 7 in New York [2] - Franchise deals have been signed in more than half of US states [2] Financial Status - The company reports being profitable and carries no debt [2] - Stripes led a $27 million funding round, taking a majority stake in the company [3] - Pop-Up was generating around $10 million in annual revenue at the time of investment [4] - A $8 million raise for the brand was led by a New York firm in 2023 [4] Operational Model - Each location averages 700 to 1,200 square feet, focusing on takeout with limited seating [3] - Opening a store costs between $300,000 and $900,000 [3] - Dough distribution centers are being built across the country for daily deliveries to regional hubs [5]
Small bagel startup is all the rage in New York and is expanding
Bloomberg Television·2025-10-28 10:01