Profitable, absentee Franchise Tea/Coffee business @ very busy mall

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Profitable absentee owned franchise tea very busy indoor mall
Asking Price:
$169,000

Gross Revenue:
$286,799
Cash Flow:
$79,615
EBITDA:
$79,615
Inventory:
$5,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

This is a BROKER's listing; please do NOT submit an inquiry for this business if you do NOT intend to:
1) Sign a Confidentiality agreement (a.k.a. Non-disclosure [NDA]);
2) Respect SELLER'S business confidentiality by not disclosing Business info to third party or communicating with Employees and/or Customers;
3) Make advanced appointment/notify BROKER of your approach of SELLERs.
4) Other brokers/agents please identify and request a co-brokering agreement on your 1st contact of Listing BROKER.
* Serious buyer only.

Surrounded by department stores and major brands in this high-end Collin County mall, this bubble tea business is a favorite stop year-round for shoppers. Owners have been juggling successfully with full-time corporate jobs, family life with a young child, and this drink business which they love and have built from scratch. When a spouse recently underwent a surgery, both Owners have decided it is time to sell the business to focus on a quality family life. This sale is an opportunity for any buyer who truly loves running a coffee/tea business, desires a location that has stable business traffic year-round, and who is willing to devote more time to take the business to its fullest potential with food and coffee additions. The business currently owned a fantastic location in the middle of a common space where seasonal celebration events, store promotional events, and most mall events are taking place. Better yet, current Owners offer to pay Franchise transfer fee for any serious Buyer who would submit a nearly/full offer price.

About the Business

Year Established:
2017
Number of Employees:
8
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
200
Lease Rate/Sq. Ft./Mo.:
$25.19
Lease Expiration:
12/31/2021
Facilities:
Very popular Indoor mall in North DFW area. Water, electricity and CAM are all inclusive in Rent.
Market Outlook/
Competition:
1) Business’ rent is extremely reasonable and affordable with water, power, and NNN all inclusive.
2) Business is the only bubble tea place at this popular indoor mall in the North DFW area.
3) Business is part of a franchise that was ranked #1 Boba chain by Food Network.
Growth & Expansion:
1) New owner/Buyer of this business may begin selling coffee products, which are not restricted by Franchisor or Landlord.
2) New owner/Buyer of this business may also begin selling non-fried finger/fast food, which is also not restricted by Franchisor or Landlord.
3) New owner/Buyer of this business may consider launching delivery services, such as Uber Eats, Door Dash, etc, especially to target the indoor theme park for families and the brand new state-of-the-art hotel, both of which are only a couple of minutes of walk away.
* Current owners are too busy with their corporate jobs and a young child to tap into these potentials to boost sales and to increase profit, although these products or services were enquired multiple times by customers.
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About the Sale

Reason For Selling:
MEDICAL
Training/Support:
2 weeks after Business transaction Closing

Listing Info

ID:
1569567
Ad Detail Views:
175

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Business Listed by

CANA PHAM

CANA PHAM

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Source: Decennial Census (2010), United States Census Bureau.

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