Popular Boba Tea Shop For Sale - Full Kitchen
Asking Price: | $220,000 |
Rent: | $8,000/Month |
Inventory: | $5,000 |
Established Year: | 2017 |
Great opportunity to own and operate a brand name Boba Tea shop in Davis ~ a university town just outside of Sacramento. Located in a busy part of town and not too far from the University, this 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 a conversion to a different concept. 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 $5250 a month which increases each year. Additional Rent runs an average of about $3000 a month.which is based on actuals and includes the typical commercial retail NNN expenses and also trash, water, electric and HVAC servicing.
Conversion to a different concept is possible and would require Landlord's approval. Seller financing possible on a case-by-case basis.
Contact Listing Broker for the NDA and a copy of the OM.
NNN = Triple Net expenses (the pass-through of the Landlord's property taxes, insurance, and CAM expenses)
NDA = Non-Disclosure Agreement (this is a confidential listing)
OM = Offering Memorandum. (includes a lot more information about the sale of the business)
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