Boba business for sale with consistent sales 001245
Boba business for sale with consistent sales with prime location Franchise boba tea shop well-known in the local area is available for acquisition. This business was established by the current owner of the business in 2017. Most customers are young adults and families with children living in the local neighborhoods. The area this business is located in is known for its high traffic volume as it's near a major highway and many national retailers with other supplementary businesses that attract many individuals to the area. Competition is expected for this business industry, but it has already placed itself within the market before some of the competition and has brand recognition that sets it apart from the rest. Gross sales in 2021 were $450,000/year, steadily growing after the COVID-19 pandemic, and is on the road to recovery to pre-pandemic sales without any local marketing done by the business owner. Corporate provides nationwide and some local marketing, but the owner's involvement in local marketing may hugely benefit the business's growth. The owner is currently involved part-time and actively managing the business operation a few days a week. Full-time owner involvement will reduce expenses and let the business thrive to maximum capacity. This is a great opportunity to set foot into a well-known franchise business that provides consistent sales and potential for rapid growth.
Other Opportunities/Burnt Out
Corporate will provide ample training for a few weeks to the Purchaser, while the business owner will provide personal training for a smooth transition.
This business is located in a 2,200 SF retail strip center space anchored by various corporate chains and highly attractive restaurants that bring immense traffic to the area.
Few competitors are within the immediate market area of this business. Still, none of those businesses can truly compete with this franchise's well-known products and already-established customer base before the competition entered the immediate market.
Some marketing is done by corporate on a national and local scale consistently. Local marketing hasn't yet been fully utilized besides social media outlets and word of mouth. A diverse local marketing strategy will be extremely beneficial to reaching new sales records and diversifying income sources to grow the business.
100% down at closing or 25% Cash Down with SBA financing for Qualified Buyers with Industry Experience.
© Copyright 2020 V-AID Group, Inc.