Popular Well Known Boba/Pearl Milk Tea Shop

Milpitas, CA (Santa Clara County)

Milk Tea (Pearl/Boba)
Contact Seller

Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,516 /Month

Established: 2018

Popular Well Known Boba/Pearl Milk Tea Shop

Save Print Share Valuation Report

Business Description

Popular Milk Tea Shop Locate in Busy Plaza

Popular Milk and well known franchise brand Tea Shop Locate in Busy Plaza with many Asian restaurants. Next to Ranch 99 market and many big companies.

Gong cha has 1,500 stores (and counting) globally! When the first franchise store opened in Hong Kong in 2009, catering to customers outside of Taiwan, it proved the international recognition of the brand and its successful business model. In Korea, Gong cha was named the best bubble tea store in 2014, with over 200 stores just 2 years after it’s been launched.

In the United States, Gong cha opened its first California store in 2013. Since then, we’ve rapidly increased our customer following and have opened 17 stores in California plus 17 in New York, New Jersey and Texas to keep up with the demand for our quality drinks and stellar reputatio

Detailed Information

Location:
Milpitas, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,109
Lease Expiration:
3/14/2023
Employees:
10
Facilities:
The area of the shop is around 1000 sf/ft. Shop is just over a year old so many appliances are new and working well.
Competition:
Sale is stable as the shop has been opened for over a year. Locate in busy plaza with many restaurants and Chinese market. Many working professional from big companies within walking distant.
Growth & Expansion:
Potential to do catering with near by walking distant company and do catering with big restaurant event in same plaza or next plaza.
Financing:
Business has profit and good potential growth.
Support & Training:
Fully training will be provided by headquarter. All staffs and manager will stay and provide full support at taking over point.
Reason for Selling:
Personal Reason, more time with family
Franchise:
This business is an established franchise
Business Website:
http://gong-cha-usa.com/
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
linh banh

Show Phone Number

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1654910 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Hummus Republic

Franchise Opportunity In CA
Cash Required: 75000