Boba Shop- Absentee owner
| Asking Price: | $90,000 |
This Boba Tea Shop is located in a very busy shopping center with an excellent grocery store as an anchor it is around San Ramon Danville area.
SELLER CLAIMS THE FOLLOWING.
This is an absentee owner location. The store is 1078 sq ft, rent is 3926.62 with CAM charges of 433.96 and insurance $149.03, and Real estate tax is 408.08. Garbage is $463. One year left on the lease plus a five-year option. At the moment it is a franchise, but can be converted to other style of boba tea. At the moment not only do they do the retail store, also events and catering. Owner willing to work some hours can increase net income.
Ten (10) part-time Employees. payroll is $7,900per month.
Average net income for the owner non operator is $43,500
Annual Gross sales for 2021-$397,000---- Net income $ 46,633
Annual Gross sales 2022- $398,000.00----Net income $34,124
Annual Gross Sales 2023= 294,000.00---- Net income 50,000
