Business Overview:
This boba tea shop is a newly-established, franchise business with a beautiful, modern build-out. It's located in a high growth market, is just miles from five different high schools, and has a consistent customer base. This location is a turn-key business and is currently run semi-absentee with a manager and assistant manager in place. Business has a long-term lease, brand new equipment, and has a lot of growth potential for a new owner. Only in it's second year, this business is already profitable with a projected net income of $75k+ for 2023, all from word-of-mouth marketing and limited time/focus on expansion. Sale includes all FF&E, two weeks of franchisor training, and two weeks of training from Seller.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
1,066 SqFt;
$4,300 monthly rent - Lease ends in 2030;
Within miles of 5 high schools which creates for a dense customer base of families and teens. The location comes with a designated parking spot. The space is 1,066 SqFt and on a 10 year lease. - Fully equipped kitchen and barista area included: 2 fryers, 3 compartment sink, 2 refrigerators, 1 freezer, 2 prep tables, 2 storage shelves, 2 blenders, sugar machine, sealant machine, topping fridge, prep table, all drink mixers/cups, etc.
Market Competition and Expansion:
Boba and bubble tea marketplace has boomed recently in Arizona. It has projected annual growth rate of 8.9% and revenues expected to exceed $3.5 billion by 2025. The coffee shop market is projected to grow another $69 million within the next 4 years. - Many new home developments are being constructed to expand the customer base.
Growth Opportunities: - Owner/operator business to increase profits, implement marketing strategy, grow social media presence, increase hours, more events/sponsorships, increase food menu,etc. - Currently only 40 reviews on Google with 4.6 rating. With more marketing time, this location has many avenues for growth.
Reason for Selling:
Seller is focused on expanding family
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 a franchise resale opportunity.
Relevant Links: