Gong Cha Franchise in Hoboken with absentee ownership

Hoboken, NJ
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Sale Pending
Asking Price:$300,000
Gross Revenue:$447,000
Rent:$6,180/Month
Established Year:2017
Cash Flow:$150,000
Inventory:$2,000
FF&E:$26,000
BUSINESS DESCRIPTION

For Sale: Gong Cha Franchise Business Located in the Commercial Center of Hoboken, New Jersey

Despite being operated under absentee ownership for the past seven years, this well-established business has been a beloved staple in the local community and has shown steady growth. Situated in an area with high traffic and pedestrian activity throughout the day, it is an ideal business for buyers looking for stable income with minimal risk. This business is attractive to individuals without prior business experience, those seeking a stable additional income, and experienced business owners looking to expand their current operations.


DETAILED INFORMATION
Location
Hoboken, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
655
Lease Expiration
31/12/2033
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Support & Training
The owner will provide training and support for a smooth transition
Reason for Selling
Other opportunity
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Shawn
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Shawn kim