Sold
Newly Renovated Tea and Coffee Shop in Northern California - SC2083
Financial Information
- Asking Price: $79,500
- Gross Revenue: $55,000
- Cash Flow: $25,000
- Down Payment: 0
- FF&E (Included): $50,000
- Inventory: NEGOTIABLE
- Financing: No
Business Location
- El Dorado County, California
Primary Business Category: Food Services and Drinking Places
This Tea and Coffee shop is a Northern California company started 2 years ago by the current owner. They offer Tea, Boba, Thai Style Coffee, Milkshakes & Ice Cream. They are the only Boba Tea shop in El Dorado County! There is only one other ice cream shop in town. They are located on Main Street in Placerville, CA. This location was freshly renovated and is ready for the Spring and Summer months!
Competition Description
They are the only Boba Tea shop in El Dorado County and there is only one other ice cream shop located in Placerville. Competition is limited to the services they provide.
Growth / Expansion overview
This business was just started in December of 2020. So, they have never really marketed and this could increase revenue by offering food and increased marketing as well. Renovations were just completed on this facility.
Support / Training Comments
The seller is willing to offer training for 20 hours in 1 week. This business is straightforward, profitable, and would be great for someone who has a passion for this type of food industry!
Reason For Sale
Selling Due To Family Commitments
- Home Based: No
- Franchise: No
- Willing to Train: Yes
- Relocatable: No
- Required Licences:
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Real Estate Asking: N/A
- Days Open: Tuesday - Sunday
- Hours Open: 12 pm to 5 pm
- Fulltime Employees: 1
- Part-time Employees: N/A
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 560 sq. ft.
- Monthly Rent: $1,000
- Lease Expires: 04/30/2023
- Lease Miscellaneous: Water Included in Lease Payment
Broker: ProEquity Asset Management Corporation License ID: 01870526
Listed By: Adriana Sargent
Background information
Reference:
SC2083
Reason selling:
Selling Due To Family Commitments
Operations
Employees:
Full-time: 1 Part-time: N/A
Equipment:
Upon Request
Inventory:
Inventory: NEGOTIABLE Upon Request
Premises
Facility:
Building Size: 560 sq. ft. Is Property Leased: Yes Real Estate Available: No
Square footage:
560 sq. ft.
Rent and lease terms:
Monthly Rent: $1,000 Lease Expires: 04/30/2023 Lease Miscellaneous: Water Included in Lease Payment
Location:
El Dorado County, California
Opportunities
Growth:
This business was just started in December of 2020. So, they have never really marketed and this could increase revenue by offering food and increased marketing as well. Renovations were just completed on this facility.
Market:
They are the only Boba Tea shop in El Dorado County and there is only one other ice cream shop located in Placerville. Competition is limited for the services they provide.
Price and terms
Price:
$79,500
Financing:
No seller financing available. SBA qualified, traditional financing available, cash offers welcome.
Training:
The seller is willing to offer training for 20 hours in 1 week. This business is straightforward, profitable, and would be great for someone who has a passion for this type of food industry!