Owner Financing is Available!
Business Overview:
A growing Asian tea/snack and gift shop is for sale near a major university campus in the Austin area. With a niche tea product that students seem to love, the store’s sales have grown more than 10% for three straight years. This being one of, if not the only Asian gift shop in the area, the store draws people from outside of the university scene to buy gifts. Sales in 2011 will be over $230,000 and the seller’s discretionary earnings will be over $40,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
There is little in the way of competition for this store, since there are few, if any, stores of this type in the area. With a sizable number of Asian students at this university, there is a steady demand for its products.
The store has seen a steady rise in sales due to the popularity of its bubble tea product, which the owner claims is the best in the area. Since the owner found a way to cut down wait times, the sales of the product has exploded over the past several years. This also gives customers the opportunity to browse the gift sections while they wait.
Reason for Selling:
The owner is moving out of state.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.