Excellent opportunity for an owner operator. May qualify for E2 Visa
Asking Price: | $315,000 |
Gross Revenue: | $548,000 |
Rent: | $4,950/Month |
Established Year: | 2017 |
Cash Flow: | $217,450 |
Inventory: | $700 |
FF&E: | $8,480 |
Profitable Business, excellent reputation. High quality service. Can grow expone
This unique store specializes in a variety of delightful offerings including Boba tea, smoothies, juices, ice cream, and macarons. It is strategically located in a bustling strip mall with high foot and vehicle traffic, anchored by popular dining establishments such as Chipotle Mexican Grill, Little Greek, and Pizza Hut.
Currently, the business is being operated by 15 part-time employees on W2 as the owner is absentee. Despite this, the store remains a profitable venture. However, the potential for increased profitability is significant, especially for an owner-operator. By taking a more hands-on approach, the owner can reduce the staff to one-third, thereby exponentially increasing profit margins.
The store operates under the fictitious name (DBA Chewy Boba Company), which is a registered trademark. It's important to note that there is an annual fee of $6,000 with a 3% annual increment to maintain the rights to operate under this DBA. Nevertheless, this fee will be waived for the new owner during the first year of operation.
The P&Ls reflect the results in the case of an owner-operator. The "other" add-back represents the reduced cost of excess employees. P&L 2024 is updated from January to July
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