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Business for Sale Summary

Thriving Bubble Tea Franchise - 34426

Business Type: bagel stores,bakers & confectioners,delicatessen/catering services,fast food franchise,green businesses,health/beauty/nutrition supply,ice cream parlour/frozen yogurt stores,misc. retail/non-classifiable,nutrition & health food,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Owner Financing
Thriving Bubble Tea Franchise
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This business has received 131 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $195,000 Down Payment $120,000
Gross Revenues $304,000 Lease Remaining Register Free to View
Owner’s Cash Flow $120,000 Number of FT Employees Register Free to View

Financing

$120,000 Down and $75K over 12 months @8%

Business Description

Thriving Bubble Tea Franchise. If you have been searching for a business that grew in the Covid market with low overhead- royalties, a simple product and high cash flow, you have found it. Bubble tea exploded on the west coast, and has been growing on the east coast. This store has been established for three years and has shown year over year growth, despite the pandemic. The current owner lives nearly one hour from this store and has another thriving business that needs full attention. That is the only reason this location is even on the market. They offer a simple menu, full staff and franchise support with established SOPs. In the past Covid year the business grossed approx. $304,000 with an owner’s cash flow of approx. $120,000.00. These are verifiable numbers coming straight from the POS and CC processing. 2021 sales will surpass 2020. The rent is $4,100 (incl. taxes)/per month with an option for a long-term lease extension for a well-qualified buyer. The space is 1,500 sf in a strip mall with good parking, visibility and high traffic. The current owner is in the store approx.. 25 hrs/wk. A new owner can come in longer and reduce payroll or continue the operation “as is”. The current staff is very dependable and trustworthy. This is a steal at $195K. Build out cost for a new location could be in excess of $180K. We are seeking a serious and financially qualified buyer with at least $120K in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.