Presotea Franchise, Boba Tea Cafe, Absentee, Rev $449K, Prc $190K, OC

Westminster, CA
Presotea Westminster
Asking Price:$190,000
Gross Revenue:$448,560
Rent:$3,583/Month
Cash Flow:$60,828
Inventory:$5,000
Established Year:2021
BUSINESS DESCRIPTION

> Price reduced to $190,000
> The latest concept of innovative bubble tea franchise business opportunity.
> Presotea innovates advanced espresso-style brewing techniques to preserve the optimal flavor and sweetness of tea, going beyond conventional tea brewing methods to provide freshly brewed tea that is healthy for humans.
> Complete absentee-run. Owner never works. Turn-key.
> We are proud that this year we have successfully sold 16 Presotea franchises in California and 12 Presotea franchises in Texas, including statewide Master Franchise Rights.
> Statewide Master Franchise Rights opportunities for Presotea are even more open: Expand your franchise opportunities by participating in the purchase of Presotea Master Franchise Rights in the following states: with $100,000 in Michigan and $120,000 in Arizona.
> A fancy boba tea cafe offering a variety selection of favorites and specialty teas, coffees and more, strategically located in a high affluent shopping center on one of the busiest streets in the heart of Westminster, surrounded by highly desirable neighborhood and street retailors.
> it is a popular business that is simple and easy to operate, which is very suitable for owner operators or for small families to work with.
> Read messages from Presotea below:
"Presotea is poised for success with over 400 locations in 15 countries! The next 3 years will see the fastest growth in the United States bubble tea marketplace with a projected annual growth rate of 8.9 percent and revenues expected to exceed $3.5 billion by 2025.
We are proud of our innovative tea brewing process, quality-controlled supply chain, and our national and regional marketing teams. The Presotea brand name and these unique features have made us an international success since opening the first tea shop in 2006. Presotea is the #1 fresh tea brand from Taiwan. Having a giant tea company as the mother company gives our franchisees unique access to multiple tea flavors and a consistent product supply."
> See more details below:
• Gross sales are an average of $37,390 per month.
• Net income after all expenses including royalties is about $5,069 per month. Yet, it is a 100% owner-absentee operating profit with 9 part-time staff. If you take charge of on-site management yourself, you can expect to make more profits.
• RENT: All-in-one rent is $3,583 including the estimated CAM
• 5 years remaining on the current lease plus a five-year option to renew
• Compact size store is 745 sq. ft. in its size
• Business hours are 9:00 a.m. to 8:00 p.m. on weekdays, and until 9:00 p.m. on weekends• 2.5 years in the business
• Loyalty: 5%
• Promotion fee: 2%
• Franchise Agreement fees: $15,000 when transferring.
• Optional one-week Corporative office training fees: $10,000
• Ample parking
• SBA loans (7a) w/30% down very possible
• Buyers may need to demonstrate at least two years of similar business experience to receive a better rating for SBA loan and/or lease approval
• Note
> All information contained in this ad is solely the result of statements made by seller.
> Action Realty Task Holdings, Inc.'s Brokers and/or its Agents make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are advised to seek the advice of accountants, attorneys and/or other available business professionals, if deemed necessary, to verify the accuracy of any business information provided through our online ads or through our agents.
> NDA is mandatory for 'a walkby'. See NDA attached hereto.


ATTACHED DOCUMENTS
NDA (Non-disclosure Agreement).pdf Download

DETAILED INFORMATION
Location
Westminster, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
745
Lease Expiration
30/06/2033
Employees
9
Facilities
Was a flag ship outlet and Corporative on-site traning facility. Fancy deco, Cutting-edge tea brewing machines, Spacious and open food-prep area, Financial records reported from square, A hot spot in westminster, OC, High-end equipment and kitchen systems. Corporative continues to provide the same ingredients, supplies and products.
Competition
> Presotea (www.presoteaus.com) has already passed successfully the testing phase in the open market, has received a good response from the market, has already proven its popularity and business viability, and is at the beginning of the growth to take a leap forward as a growing franchise enterprise. https://www.bizbuysell.com/franchise-for-sale/presotea/
Growth & Expansion
There is room for growth by adding catering services, extending operating hours, and even managing your business on-site instead of absentee and with this, you may increase your sales and much more profits.
Support & Training
2 weeks of extensive on-site training by the manager after closing escrow, including 8 hours of training by the seller. An additional week of Corporative training is available for volunteer buyers only, at a cost of $10,000 per person.
Reason for Selling
Have another businesses
Franchise
This business is an established franchise
Report an Issue with this listing
profile-img
Kevin
Kim
logo-img
Kevin Kim