Presotea Franchise: Boba Tea Cafe, Absentee, Rev $596K, Prc $238K

> Price reduced to $238,000 from $285,000.
> The latest concept of innovative bubble tea franchise business opportunity.
> Presotea innovates advanced espresso-style brewing techniques to preserve the optimal flavor and sweetness of tea, going beyond conventional tea brewing methods to provide freshly brewed tea that is healthy for humans.
> Complete absentee-run. Owner never works. Turn-key. Growth opportunity w/ addional 7 Master Franchise Rights as buyers wish to expand.
>> Presotea Franchise Opportunity
> We are proud that, this year, we have successfully sold 16 Presotea franchises in California and 12 Presotea franchises in Texas, including statewide Master Franchise Rights.
> Statewide Master Franchise Rights opportunities for Presotea are even more open: Expand your franchise opportunities by participating in the purchase of Presotea Master Franchise Rights in the following states: w/ $100K in Michigan and $120K in Arizona.
> A fancy boba tea cafe offering a variety selection of favorites and specialty teas, coffees and more, strategically located in a high affluent shopping center on one of the busiest streets in the heart of Torrance, surrounded by highly desirable neighborhood.
> it is a popular business that is simple and easy to operate, which is very suitable for owner operators or for small families to work with.
> Messages from Pressotea
"Presotea is poised for success with over 400 locations in 15 countries! The next 3 years will see the fastest growth in the United States bubble tea marketplace with a projected annual growth rate of 8.9 percent and revenues expected to exceed $3.5 billion by 2025.
We are proud of our innovative tea brewing process, quality-controlled supply chain, and our national and regional marketing teams. The Presotea brand name and these unique features have made us an international success since opening the first tea shop in 2006. Presotea is the #1 fresh tea brand from Taiwan. Having a giant tea company as the mother company gives our franchisees unique access to multiple tea flavors and a consistent product supply."
> See more details below:
• Gross sales are an average of $49,694/mo. Continue to grow.
• Net income after all expenses including royalties is about $7,216 per month. Yet, it is a 100% owner-absentee operating profit with 2 managers and 11 part-time staff. Based on SDE to be more than $11,000. As per seller, but yet to be verified by broker.
• RENT: Base rent of $6,785 plus an estimated CAM of $743.26 as stated in the Lease. *As a result of extensive renovations and remodeling throughout the shopping center last year, the CAM this year has increased to $1,785 per month, which is significantly higher than the estimated CAM of 713.26 as stated in the Lease. This higher CAM is expected to revert to a reasonable amount as stated in the agreed upon Lease.
• 2.5 years remaining on the current lease plus a five-year option to renew
• Store is 1,129 sq. ft. in its size
• Business hours are 10 am to 8 pm (‘til 9 pm on Fri and Sat), 7 days
• 2.5 years in the business
• Loyalty: 5%
• Promotion fee: 2%
• Franchise Agreement fees: $15,000 when transferring
• Optional one-week Corporative office training fees: $10,000
• Ample parking
• SBA loans (7a) w/30% down very possible
• Buyers may need to demonstrate at least two years of similar business experience to receive a better rating for SBA loan and lease approval
• Note
> All information contained in this ad is solely the result of statements made by seller.
> Action Realty Task Holdings, Inc.'s Brokers and/or its Agents make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are advised to seek the advice of accountants, attorneys and/or other available business professionals, if deemed necessary, to verify the accuracy of any business information provided through our online ads or through our agents.
> NDA is mandatory for 'a walkby'. See NDA attached hereto.