Bubble Tea Franchise Resale

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$250,000 $393,433

Food & Beverage: Coffee, Cafe, Dessert

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RE: Bubble Tea Franchise Resale Broker: Claudia Smith

Quick Facts

Asking Price: $250,000
Annual Revenue: $393,433
Net Profit: Not Disclosed
Cash Flow: $129,369
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 3
BBN Listing #: 85874955
Broker Reference #: 8002-14970

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Business Overview:

This franchise resale is an exceptional opportunity to own a highly successful bubble tea café located in a well-known and popular Seattle neighborhood appealing to a distinct target audience. The business features fun comfort drinks with unlimited flavor options such as milk teas, slushies, smoothies, fruit drinks, as well as coffee and espresso. With 1,850 square feet of space and a layout designed specifically for any beverage based business, this newly remodeled, energetic and modern space is fun and bold and ready for the next owner to take over from day one.

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Property Features and Assets:

The business is located in a storefront commercial space on the street level floor of an apartment complex within an extremely popular Seattle neighborhood with tons of foot traffic and street visibility. The 1,850 sq ft contemporary and creatively designed space comes turnkey for any beverage based company. What sets this bubble tea shop apart is the ample seating available inside the business, offering counter seats along the windows, tables for groups and bean bag chairs for lounging. There is a section for children to play and there is a large back area currently being used now for supplies and inventory storage, but can be reconfigured in the future for additional seating. The space was completely remodeled with over $224k in leasehold improvements and $40k of furniture, fixtures and equipment. Lease is $4,847/mo. including triple net charges and expires Nov. 2020. Assets= $279,500

Market Competition and Expansion:

There are four bubble tea shops located within one mile of this business, however, these smaller, family-owned stores can't match the business' quality and technique. Bubble tea is growing in popularity and demand. The Boba tea market is expected to grow 7.4% between 2017 and 2023 with the introduction of new flavors and decreases in demand for carbonated drinks. The global bubble tea market was valued at $1.957million in 2016 and is expected to reach $3.214Million by 2023. There is room to expand marketing efforts to increase exposure with additional social media advertising and print advertisements including promotions. Subscribing to online delivery service platforms will increase exposure as well.

Reason for Selling:

Owners are selling due to family obligations.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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