Location: Chicago metro - SW suburbs
Industry: Restaurant and Food
Listing ID: 40730457
Listing Status: New
This is a Taiwanese bubble tea shop located in a mall. Bubble tea originated in Taiwan and was introduced to the US by immigrants. It is a tea drink with tapioca or boba which is then drunk with a larger straw. The concept is very popular in Asia and has spread to the US coasts and is growing in the Midwest. A number of factors have made this location a success: a novel and fun experience especially for children and teenagers, healthy perception, and an inexpensive quick impulse buy. The mall the business is located in continues to experience good foot traffic. Plus the business is location near an entrance. The business is very successful due to the customer demand for the product and high margins on the operation. Employee retention is not a problem as it is viewed as a trendy and fun job by the part time staff.
A signed non-disclosure as well as proof of financial capability is required.
Down Payment: $159,000
Total Sales: $630,000
Cash Flow: $245,000
Accounts Receivable: N/A
Accounts Receivable Included: No
FFE Included: Yes
Year Established: 2021
Days & Hours of Operation: Mon-Thur: 10-8, Fri-Sat: 10-9, Sun: 11-6
Non-Owner Payroll: N/A
Employees: 12 - 1 full time, rest are part time.
Absentee Owner: Yes
Lease Option: 5 year / 3 year left
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $6,000
Type of Location: Suburban mall
Terms and Conditions?: Subject to landlord approval.
Subject to landlord approval.
Reason For Sale: Retirement, children not interested in business
Retirement, children not interested in business
Training & Support: Two weeks included.
Two weeks included.
Owner Qualifications: Food service experience required if relying on SBA loan.
Food service experience required if relying on SBA loan.
Competition: A unique experience with nothing similar in the mall.
A unique experience with nothing similar in the mall.