Listing ID: 77463

Business Overview

A well established Tea and Smoothie bar for sale. A golden opportunity to be a part of the growing innovative franchise. Here is the message from the Franchisor about their teas’. Owner spent about $600,000 on FF & Es’, which is included in the listing price. Owner will transfer the existing customers data with the buyer.
“A world beyond generic juices and blended drinks. A world of new combinations, new flavors, and new ideas to keep taste buds happy. And they dreamt of a fun place where people would gather and enjoy these innovative new drinks together. Today, the Tastea dream is a reality. We continue to push the envelope with new drinks and flavors — constantly creating and searching for new ways to make people smile. But at the same time, we still serve the classics that so many of our customers love, from Thai Iced Tea to Green Milk to Taro Milk Tea and more. Of course, the center of the Tastea experience is our unique tea bar, where customers can hang out with friends and make some new ones, all while enjoying the most refreshing treat around. So if you’re looking for a fresh new taste and a fun new experience, belly up to your local Tastea bar.”

Financial

  • Asking Price: $300,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $600,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,698
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Fully equipped. Refer pictures

Is Support & Training Included:

Available

Purpose For Selling:

New avenue for the career

Opportunities and Growth:

Option to grow regionally with new locations to be operated by the same owner.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was founded in 2020, making the business 2 years old.

The property is leased by the business for $3,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. However, the genuine reason and the one they tell you might be 2 completely different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is very crucial that you not rely completely on a vendor's word, however rather, use the seller's answer combined with your general due diligence. This will repaint an extra realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans in order to cover items like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that profit margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in new consumers? Most times, businesses have repeat clients, which create the core of their day-to-day revenues. Certain elements such as new competition sprouting up around the area, road building and construction, and also staff turnover can impact repeat clients and also adversely impact future incomes. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the possibility to construct a returning consumer base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional average home earnings effect future earnings prospects?