**** Price Reduced to $160,000 ! ****
Great opportunity to own and operate a brand name franchise Boba Tea shop in Downtown Davis ~ a university town just outside of Sacramento. On track to do $100k net before income taxes.
Located in a busy part of town and not too far from the University, this Popular Boba Tea Shop has established itself as the 'go-to' place for delicious Boba Teas. The full kitchen which includes a type 1 hood, fire suppression and grease interceptor will allow for cooked snacks and should prospective buyer want to change the concept, a conversion to a different concept should be ok (with landlord approval). Current lease term runs through to the end of 2028 and a five-year option to extend the lease can be requested from the Landlord. Current Base Rent is $5376 a month which increases each year. Additional Rent (NNN) runs an average of about $3000 a month which includes the typical commercial retail NNN expenses and also trash, water, electric and HVAC servicing.
INVENTORY: Asking Price includes inventory on hand at COE, up to $5000 at owner's cost.
Conversion to a different concept is possible and would require Landlord's approval. CANNOT do Japanese (includes Sushi) or Chinese food restaurant. Mexican, Thai, Indian, kabob, pizza is ok.
Restaurant experience a huge plus.
Contact Listing Broker for the NDA and Buyer Profile to fill out. In return, a business review doc with detail information will be made available.
NDA = Non-Disclosure Agreement (this is a confidential listing)
Ad#:2303302
