Fred Meyer Building Location for Sale: High Foot Traffic in Covington!

Covington, WA
Asking Price:$138,000
Gross Revenue:$239,540
Rent:$3,884/Month
Established Year:2022
Cash Flow:$101,314
Inventory:$5,000
FF&E:$35,000
BUSINESS DESCRIPTION

Next to Costco with Tens of Thousands of Foot Traffic Weekly!

Prime Location: Inside Covington's Fred Meyer Building, Next to Costco

Overview:
An exceptional opportunity to acquire a well-established and thriving business strategically located in the heart of Covington, within the bustling Fred Meyer building and adjacent to Costco. This location benefits from tens of thousands of foot traffic weekly, making it a prime spot for retail or food service operations.

This business operates with two successful concepts: selling bubble tea under the Glow Tea brand and offering bao buns through Bao Box. Bao Box has a significant number of orders from DoorDash, enhancing its profit potential. The store has been remodeled just 2 years ago and boasts consistent positive cash flow.

Key Features:

Strategic Location: Nestled in a high-traffic area within the Fred Meyer building and next to Costco, this location attracts a diverse clientele year-round.

Dual Concepts: Operates both Glow Tea for bubble tea and Bao Box for bao buns, providing varied revenue streams.

DoorDash Integration: Bao Box enjoys a high volume of orders from DoorDash, boosting sales and profit margins.

Affordable Rent: The rent is very competitive at only $3,884 per month, a very good rate for such a prime location.

Turnkey Operation: Fully equipped and operational, ready for immediate takeover to minimize downtime and ensure a smooth transition to new ownership.

Remodeled Store: The store was remodeled 2 years ago, offering a modern and appealing environment for customers.

Consistent Positive Cash Flow: Proven track record of financial success with steady income.

Financials:
Offered at competitive pricing for a quick sale, with detailed financial information and operational metrics available upon request for serious inquiries.

Reason for Sale:
The current owner has decided to move into a different industry, creating an opportunity for a motivated entrepreneur to take over this successful location.

Opportunity:
This is a rare chance to own a business in a prime location with a proven track record of success and enhanced profit potential through additional delivery service operations. Whether you're looking to expand an existing business or start a new venture, this location offers the perfect foundation for success.

Interested parties are encouraged to act quickly, as opportunities like this are highly sought after and don't stay on the market for long.


DETAILED INFORMATION
Location
Covington, WA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,250
Lease Expiration
01/04/2032
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Reason for Selling
The current owner has decided to move into a different industry, creating an opp
Franchise
This business is an established franchise

BUSINESS LOCATION
Report an Issue with this listing
Jason Shen
Jason Shen