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SOLD Boba Tea, Specialty Iced Coffee and Dessert Bar for Sale in Palm Beach County
United States, Florida
Asking Price:
$90,000
Cash Flow:
$86,990
Gross Sales:
$227,550
Area:
586
FFE:
$38,000
Inventory:
$1,000
Real Estate:
$0
Established:
2018
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Summary
Detailed Information
Sub-Category:
Other Eating & Drinking Places
County:
South Palm Beach
Employees:
1 - Full-Time, 5 - Part-Time
Facilities:
Strip Mall
Relocatable:
No
Home Based:
No
Market Notes:
Located in a strip mall with other small cafes, restaurants, body building facilities, a music store and specialty food shops, there is steady foot traffic. Since it is adjacent to a busy street and located within several hundred feet of a university student apartment housing complex with a connecting walking path, there is ample opportunity for walk in traffic. This is one of only a few Boba cafes in the Boca Raton area, and the only within within the local neighborhood.
Growth Notes:
A large restaurant in the mall recently closed which negatively affected sales. Another similar restaurant is being built out in the same space and once completed should again bring in additional patrons and increase revenues back up to the prior two years' sales. The owner has expanded offerings with ice cream, tapioca and specialty matcha drinks. There is a robust web site presence which keeps interest by having small contests and give-a-ways. Boba teas will always remain a fun and exciting drink/dessert option.
Support Training:
2 weeks no cost
Financing Terms:
No
Reason for Selling:
Other Interests
Inventory Included:
No
Is Franchise:
No
Lender Prequalified:
No
Absentee Owner:
No
Selling Financing:
No
Is FEE Included:
Yes
