Popular Boba Tea Shop For Sale - Full Kitchen

Davis, CA
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Asking Price:$220,000
Rent:$8,000/Month
Inventory:$5,000
Established Year:2017
BUSINESS DESCRIPTION

Great opportunity to own and operate a brand name Boba Tea shop in Davis ~ a university town just outside of Sacramento. Located in a busy part of town and not too far from the University, this Boba Tea Shop has established itself as the 'go-to' place for delicious Boba Teas. The full kitchen which includes a type 1 hood, fire suppression and grease interceptor will allow for a conversion to a different concept. Current lease term runs through to the end of 2028 and a five-year option to extend the lease can be requested from the Landlord. Current Base Rent is $5250 a month which increases each year. Additional Rent runs an average of about $3000 a month.which is based on actuals and includes the typical commercial retail NNN expenses and also trash, water, electric and HVAC servicing.

Conversion to a different concept is possible and would require Landlord's approval. Seller financing possible on a case-by-case basis.

Contact Listing Broker for the NDA and a copy of the OM.

NNN = Triple Net expenses (the pass-through of the Landlord's property taxes, insurance, and CAM expenses)
NDA = Non-Disclosure Agreement (this is a confidential listing)
OM = Offering Memorandum. (includes a lot more information about the sale of the business)


DETAILED INFORMATION
Location
Davis, CA
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,142
Lease Expiration
31/12/2028
Employees
7
Facilities
Turn-key Boba Tea shop with full kitchen is for sale. Its fast-casual design with an up-front ordering counter and spacious dining area enables quick ordering requiring fewer employees than traditional sit-down restaurants with waiters.
Competition
As the Boba Tea concept keeps growing in popularity especially in university towns, several Boba shops have popped up and as one can expect, some are good and some not so good. However, this one stands out as one of the best for its delicious types of boba drinks and because of the full kitchen it offers cooked finger foods.
Growth & Expansion
A full-time dedicated owner enables the potential to grow the business a lot more.
Financing
Seller financing possible on a case-by-case basis. Contact listing broker for more i
Support & Training
20 hours over the first two weeks starting at the Close of Escrow
Reason for Selling
Unexpected Illness in family
Franchise
This business is an established franchise
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Brian
Serina
Restaurant Sales and Leasing
Brian Serina