FOR SALE: Profitable franchise with over 8 years of operating history!

Harrisonburg, VA
listing image
Asking Price:$125,000
Gross Revenue:$407,000
Rent:$2,500/Month
Established Year:2016
Cash Flow:$73,000
Inventory:$15,000
FF&E:$75,000
BUSINESS DESCRIPTION

ABSENTEE OWNERSHIP AND PROFITABLE!

Cash-flowing investment opportunity with an established national bubble tea franchise that has 8 years of operating history at the current location! The one and only national bubble tea franchise in the Harrisonburg, VA area! Attractive store location with high foot traffic from University students! A franchise that has made a name for itself and often frequented by the local community!

The ownership is remotely managing the store and has been profitable as an absentee owner year after year!

PLEASE READ CAREFULLY:
Rules of engagement:

1) Submit NDA;
2) Provide proof of funds (showing minimum $150,000 cash-in-hand) and a personal financial statement (provided by broker);
3) Once the above is received, prospective buyer will receive the store address;
4) Visit store as a CUSTOMER--do not engage or ask questions to employees;
5) If there is further interest, store financials (i.e. P&L, sales data, lease synopsis, etc.) will be provided for review;
6) PSA (Purchase and Sales Agreement) submission.

DISCLAIMER: If you have buyer representation, please disclose at step #2. Listing Broker reserves the right to engage or disengage with your broker rep, if it is disclosed after step #2.


ATTACHED DOCUMENTS
Personal Financial Statement.pdf Download

DETAILED INFORMATION
Location
Harrisonburg, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,200
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All business sale is contingent upon franchisor approval of the buyer's financial stability as well as the Landlord's agreement to assign the lease. Sale does not include inventory, which is negotiated separately. Buyer acknowledges that both transfers may include a transfer fee billed separately.
Competition
No other national bubble tea franchise in this area!
Growth & Expansion
Several opportunities: 1) Become a multi-unit franchise operator in the area; 2) Expanding current menu with FOOD (space was previously vented for a hood); 3) Expanding to caterings and pop-up events
Support & Training
Training may be required by the franchisor (fees are subject to franchisor-franchisee agreement). In store transition assistance will be provided by Seller.
Reason for Selling
Owner has other interest
Franchise
This business is an established franchise
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Michael Wu
Shircliff Commercial
Michael Wu