High quality bagels have at all times been a troublesome enterprise — too labor-intensive and too exhausting to scale. However non-public fairness companies like Stripes and Invus are pouring millions into bagel chains anyway, satisfied that new baking expertise and social media hype have lastly cracked the code. Stripes invested $35 million in PopUp Bagels, which exploded from one Manhattan store in 2023 to 29 areas nationwide.
Bagels have been round without end, so why now? People are drinking more coffee and consuming breakfast on the go, making moveable meals one of many fastest-growing segments within the $350 billion quick-service trade. Additionally, new ovens can bake bagels to order all through the day, eliminating the necessity for large manufacturing amenities. And the actual cash isn’t in bagels with schmear— it’s in $15 bacon, egg and cheese sandwiches.
Not everybody’s satisfied the standard will survive scaling up. However with chains opening in Tampa, Charlotte and Atlanta, non-public fairness is betting the bagel increase is an ace within the gap.
High quality bagels have at all times been a troublesome enterprise — too labor-intensive and too exhausting to scale. However non-public fairness companies like Stripes and Invus are pouring millions into bagel chains anyway, satisfied that new baking expertise and social media hype have lastly cracked the code. Stripes invested $35 million in PopUp Bagels, which exploded from one Manhattan store in 2023 to 29 areas nationwide.
Bagels have been round without end, so why now? People are drinking more coffee and consuming breakfast on the go, making moveable meals one of many fastest-growing segments within the $350 billion quick-service trade. Additionally, new ovens can bake bagels to order all through the day, eliminating the necessity for large manufacturing amenities. And the actual cash isn’t in bagels with schmear— it’s in $15 bacon, egg and cheese sandwiches.
Not everybody’s satisfied the standard will survive scaling up. However with chains opening in Tampa, Charlotte and Atlanta, non-public fairness is betting the bagel increase is an ace within the gap.
