Tupelo Data Room
American Restaurants, Chinese Restaurants, Juice Bars, Miscellaneous Restaurant & Bars, Other Restaurants & Food
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Award-Winning Boba Shop Near CSUF, Fullerton College-SALE PENDING!

Fullerton, Orange County, California, United States
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Asking Price$110k
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Description
07/15/2024 SALE PENDING! LOOKING FOR BACK-UP BUYER IF NECESSARY. NOTE: BROKER PREFERS TO BE CONTACT VIA EMAIL - AFTER you have filled out contact form. You will be automatically be sent an NDA you can e-sign. Please reply to the email once successfully sent - to discuss whether paying cash through escrow or if you need to seek financing. Cash buyers will be prioritized. Please do not approach staff with questions. Thank you! Seize the opportunity to own a highly successful and beloved franchised boba shop strategically located across from Cal State Fullerton. With its prime location, ample parking, and a reputation for award-winning drinks and exceptional service, this turn-key business is a proven winner. Don't miss the chance to tap into the thriving milk tea, real fresh fruit drink market and continue this legacy of sweet success! THIS IS AN ASSET SALE. YOU ARE PURCHASING THE EQUIPMENT, FF&E AND THE OPPORTUNITY TO QUALIFY FOR A LEASE ASSIGNMENT. LEASE ENDS DECEMBER 31, 2025 - THERE IS A 5 YEAR OPTION LEFT. BASE YEAR RENT INCREASE ONLY $100 PER YEAR! 1.5 years remaining on Franchise Agreement. $30K renewal rate afterward. Loyal customers report, "This is a newest spot in Fullerton, located next to Fullerton college and the high schools and near CSUF, this is a great place. There are street parking and parking lots behind the store, the location is nice and spacious. The staff is knowledgeable of the drinks and are nice, they are patient and makes some good drinks. My favorite is the brulee drink, brown sugar and the hawaiian#1 drink. Highly recommended!" "It's basically right next to Fullerton College so a few minutes walking works well for us students who need to grab a drink! I usually get taro and it always comes out perfectly to what I like. Staff are friendly and drinks come out in a timely manner. Great place!" From the Owners: "We take pride in sourcing high-quality ingredients from around the world such as premium tea leaves from Taiwan, matcha from Japan and fresh kumquat juice from Vietnam. Each drink is carefully crafted with excellent and always from fresh fruit. Now R&B has more than 1500 stores globally in Taiwan, Singapore, Australia, China, Vietnam and USA." $85K Total sales for 2024 YTD (Jan - May YTD) $253K Total Sales for 2023 $358K Total sales for 2022 A signed NDA and proof of funds will be needed to answer any questions (address, location and equipment list etc) about this opportunity. This is an all cash sale through escrow. Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified. DRE #01963614
Real Estate
Rent is $4,751 per month
Building Size: 1040 sq. ft.
Business is
Absentee Owner
Number of EmployeesPart-Time: 8
Year Established
2002
Reason Selling
Focusing on other business opportunities.
Facilities & Assets
Cold kitchen.
Support & Training
2 weeks @20 hours per week.
Financing Options
No seller financing. We only close transactions through escrow.
Asking Price$110k