Franchise Specialty Tea Shop For Sale In Lubbock

Business Overview:

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-981361

Specialty Tea Franchise located in North Lubbock with excellent growth potential and possible growth through adding additional locations. Opened in January of 2022, this business has proven it can be successful in the Lubbock market. The current owner has not been offering catering as a service, which is a huge opportunity for a new buyer. With an equipment list worth approximately $62k and $154k in leasehold improvements, a buyer is getting a great value with the purchase of this business. The store has excellent reviews and has a stellar reputation in the market. In addition, the store has a great foundational social media following with 1.7k likes and 1.7k followers on Facebook along with an average 4.6 star review on Google with 115 reviews. The shop is very well located on one of Lubbock’s most trafficked intersections. This semi-absentee run business requires the current owner only 14 hours per week. In 2023 the business is trending towards ~$330k in Net Sales with an SDE of about ~$47k. The owner is wanting to sell the business to focus on another business in an unrelated industry.

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Property Features and Assets:

Therefore, a new owner could greatly increase sales with more attention to the business. This business is perfectly positioned for a new owner to take it to the next level.

Opened in January 2022 the current owner opened this first franchise in Lubbock. The current owner has spent over $215k to finish out the store with top-of-the-line equipment and leasehold improvements. The current owner has created an environment of welcoming and inclusion in this store.
Having been the first franchise/business for the owner to start, she admits to making some ‘rookie’ mistakes that a new owner can avoid. These include overspending in several expense line items.
Today the business is poised and ready for a new owner to come in and work on Marketing and Increasing Revenue.

Please do not speak to employees about the sale of the business.

Market Competition and Expansion:

A new owner with a strong marketing background could potentially get the SDE up 3 fold.
What are the external factors that will contribute to growth?
o Growing economy
o Population growth in the general area
o The Franchise is continuing to invest in growing Brand Awareness
o Continued development in North and West Lubbock
What are the internal factors that will contribute to growth?
o Improved Management
o Owner Operation as opposed to Semi-Absentee Management
o Adherence to Franchisor Systems
o Improved Marketing
o Improved Expense Diligence

Reason for Selling:

other business

Additional Details:

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