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Coffee, Tea, Smoothies, & Specialty Drinks - Coveted Corner Location

Collin County, TX

Seller Financing Available
Coffee, Tea, Smoothies, & Specialty Drinks - Coveted Corner Location

Asking Price:$155,000

Cash Flow:$93,313

Gross Revenue:$244,323

EBITDA:$93,313

FF&E:$130,000

Inventory:$500

Lease Rate:$3,010 /Month

Established:2015

Coffee, Tea, Smoothies, & Specialty Drinks - Coveted Corner Location

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Business Description

Fresh and fun environment -

Capitalizing on current and forecast beverage trends by developing and offering customer’s unique and innovative drink products gives one an edge into this multi-billion dollar industry. Beverage suppliers do well when anticipating consumers’ evolution of tasteful pursuits including additions of enhanced energy, nutrition, antioxidant, natural sugar, and lower calorie drinks chock full with satiety. Truly, tea is the better choice of a healthy refreshment, including reasons for weight management, weight loss, energy boosting, and for sheer pleasure of treating oneself to something good.

In 2010 the United States (US) volume of ready to drink coffee increased from 50.6 million gallons to 89.7 million gallons in 2014. This exceeded the 8 billion dollar a year industry. Included in this trend, traditional soda manufacturers lost 1 billion dollars in sales over the last 5 years, due to beverage consumers searching and longing after healthier alternatives. The US tea market has a retail value of 47.1 billion dollars, thus revealing the upward tea trend. Business Wire suggests that consumers are craving functional beverages with nutritional benefits, convenience and accessibility of purchase, sustainable and locally grown ingredients, and creative packaging. Innovation of novel products with added health benefits wins.

Specializing in a wide variety of high quality bubble teas, milk teas, fruit teas, natural fruit smoothies, milk shakes, blended slush and uniquely flavored frappe drinks gives this company its local fame. Customers most like the wide selection of handcrafted-freshly made drinks custom made to suit their current craving. The popular trend is adding uniqueness and fun to drinks with boba (bubble, tapioca, pearls) or fruit flavored jellies (mango, rainbow, lychee, strawberry, etc., flavors). Customers love to sip on the drink and nibble on the boba/jelly simultaneously, creating a wonderful tasty treat in a cup. The Owner states that the top 5 reasons why customers keep returning and why word of mouth is paramount is due to: Use of highest quality whole-leaf-tea – not bagged and with a fresh stout aroma; Smoothies are made with 100% natural fruit – not artificial additions; Perfectly cooked boba and jellies; Commitment to friendly and pleasant customer service – customers are valued; Coveted customer loyalty program – best form of advertising and word-of-mouth advertising realizing repeat purchases.

This company is perfectly poised for the new Owner to begin realizing profits, while maintaining current occupation if desired.

Contact Scot A. Jones Office PH: 214.495.9200 or email Jones@JonesCorporate.com for
financial statements and additional information on the company.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
3/1/2030
Employees:
2 FT / 5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owner has a great relationship with the Landlord and is enjoying a low monthly rent. Enjoyment of low overhead and a large customer base are positives. The interior of the business shows a modern and upbeat vibe with a fun and fresh design. Customers enjoy the atmosphere and consider it a great place to enjoy friends and family.
Competition:
Prime Collin County location – In this shopping center are Cici’s Pizza, Dairy Queen, CVS, home hardware company, and a major chain supermarket; as well as, on the block of a movie theater, Bank of America, and Chase Bank, etc. Traffic counts report approximately 30,000 cars daily travel in front of this business. This company is situated in a wonderful corner location making it very visible in the busy shopping center. The business shows high gross profit margin upward of 91% of total sales (net of food cost of 9%), due to the majority of revenue made from beverage products, which carry a low cost relative to food. Customer base has grown tremendously and no advertising is used other than word of mouth and repeat customer service.
Growth & Expansion:
Owner operates the business at the level of 70% absentee owned. There is a manager who runs the store and takes pride in work appearance and ethics. Future growth potential to increase revenue by making greater use of large kitchen. Items to be added could be snack foods, sandwiches & subs, Grab-N-Go meals, additional coffee selections, bakery and pastry goods, etc.
Support & Training:
Owner to provide training to purchaser to secure a proper and complete transition; training to be detailed on the Purchase Agreement.
Reason for Selling:
Owner is a full-time corporate professional and is looking for an Owner/Manager.

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Scot A. Jones

Business Listed By:
Scot A. Jones

The Jones Group

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