Modern Boba Tea Shop in Chandler/Gilbert

Not Disclosed, AZ
Maricopa County

East Valley

Asking Price: Annual Revenue:
$199,000 $370,000

Food & Beverage: Coffee, Cafe, Dessert

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RE: Modern Boba Tea Shop in Chandler/Gilbert Broker: Erin Schulthies

Quick Facts

Asking Price: $199,000
Annual Revenue: $370,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 9
BBN Listing #: 669028597
Broker Reference #: 11468

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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.

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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.

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