Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Beautifully Built Specialty Coffee & Tea Shop with Growing Sales
(Food Related)
Collin, Texas
Listed Price: $ 119,000
Listing ID: 000864

Listing DetailsDown Payment: $ 59,500
Gross Revenue: $ 168,000
Cash Flow: $ 72,000
FFE: $ 130,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

Burnt out


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Gorgeously built specialty coffee and tea cafe with great visibility and unique products is available for acquisition. This business was established by the previous owner in early 2018 and later acquired by the current owner later in the same year. This business is placed in a 1,300 SF end-cap space of a retail strip center is located next to one of the busiest road of the city that has heavy traffic throughout all hours of the day and the numerous businesses that attract a number of people to the local area. Most of the customers are Asian individuals and families with a large portion of the customer base consisting of students from nearby residential area. Gross sales of this coffee and tea shop has been consistently growing since its inception averaging $14,000/month. Competition is expected for this type of business industry, but this business has their own proprietary blend of drinks that other competitors can't replicate and the numerous nationwide grocery chains within the immediate market area that brings a consistent stream of customers. Additionally, the demand for coffee and tea shops is massive and there is a plenty of rooms to grow as the demand far exceeds the supply in the immediate market area due to its prime location and the rapidly growing population in this affluent city. The business has various unique products that range from different flavors of milk tea, bubble tea, fruit tea, slushies, specialty tea, Ice creams, snacks and smoothies with customized toppings. This business not only provides superior quality of beverages, but also allows people to come and enjoy the well-built interior that offers board games and snacks. Marketing is crucial for growing the current revenue of this business which can be done through social media outlets, loyalty program, direct mailing, special deals, coupons, flyers, etc. Targeted marketing to students also can be a huge draw by utilizing marketing methods such as student discounts or special events since large portion of customer base of this business is students. A potential Buyer operating this business full-time along with proactive marketing tactics is what this business needs to truly reach full potential and operate at maximum capacity.


Competition:

Few competitors are within the immediate market area, but this business has their own specialty drinks that are proprietary to this location that others cannot replicate.


Potential Growth:

Some marketing is in place through 3rd party delivery service, special deals, print Ad, etc., but more local marketing is more necessary such as student discount, social media outlets, loyalty program, ordering-enabled smart phone app, etc.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.


LocationSquare Footage: 1300
Facilities:

This 1,300 SF bubble tea shop is located in the end-cap space of a retail strip center that is next to a traffic heavy intersection and densely populated residential neighborhoods.


OperationYear Established: 2018
Employees: 4PT
Absentee Owner: No