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29851455

501 W Garvey Ave, Monterey Park, CA 91754

TZ
CA CA 02240993
Zeal Commercial
Listed by Zeal Commercial
$249,000
110 days on market
Updated 110 days ago

Two Award Winning Fusion Tea House Boba Tea Monterey Park CA

Details
Property Type Business for Sale, Retail
Sub Type Business Only, QSR/Fast Food (+1)
Square Footage 1,403
Net Rentable (SqFt) 1,403
Units 1
Tenancy Single
Lease Type Modified
Lease Expiration 09/30/2028
Remaining Term 2.3
Price per SqFt $177
Year Built 2018
Year Renovated 2018
Stories 1
Investment Type Owner/User
Tenant Credit Credit Rated, Franchisee (+1)
Ownership Private

Two Award Winning Fusion Tea House Cafe’s with a Fusion of Flavored Coffee, Fruit Smoothie, Boba Tea

Marketing description

Two Award Winning Fusion Tea House Cafe’s with a Fusion of Flavored Coffee, Fruit Smoothie, Boba Tea, and Fruity Tea Drinks and Snacks for Sale in Southern California

Location: Monterey Park, CA

Asking Price: $249,000

SDE (cash flow): $87,631

Gross Revenue: $628,095

Inventory: $0

FF&E: $60,000

# of employees: 8

Year established: 2018


Here’s a fantastic opportunity to acquire two highly acclaimed, award winning fusion tea house cafe’s with a fusion of flavored coffee, fruit smoothie, boba tea, and fruity tea drinks and snack shops at two separate locations in Southern California region. Asking price for one is $249,000, and the other is $195,000.


Establishment Highlights
Dual Locations: Benefit from two prime locations. Both sites are situated in prime locations—close to schools, offices, and food establishments—with excellent accessibility and parking.

Award-Winning Reputation: These businesses have a proven track record of excellence and have received multiple awards for their delicious fusion award-winning and active atmosphere.

Diverse Menu: The menu features a crowd-pleasing mix of premium drinks and snacks, including espresso coffee, fruit smoothies, and a variety of fruity teas - don’t miss the fan favorite fruity teas!

Efficient Ordering: Both locations are equipped with a user-friendly self-order kiosk to streamline the ordering process and improve efficiency.

Unique Features:
This location features a half kitchen including a Perfect Fry electric fryer and a microphone to amp up the customer experience.

Property & Amenities
Both locations provide a comfortable and functional space earning customer praise for there aesthetic appeal.

Parking: Enjoy the convenience of ample parking available just steps from each establishment.

Aesthetic Appeal: The shops have been praised for their unique wall art, creating a welcoming and visually appealing environment for customers.


Investment highlights


This is a rare opportunity to step into an award winning established business with a strong reputation. Inquire today for more details.

Financials are based on the average of 2022-2024 performance. The best method to contact us is to submit an inquiry online, and we will be in touch with an NDA and a discussion.

Facilities: 1403 SF, Monthly rent $ 4,326.73 including CAM charges and off hours security. Lease expiration 9/30/2028. After expiration there is an option to extend the lease. New owner can work with landlord/property manager to assign or extend the lease.

Competition: There is some competition, however, the shop benefits from repeat business and its location is within a plaza, near popular restaurants and educational schools. The shops stand out among competitors for their award winning unique refreshing fusion fruity teas and menu selection.

Growth & Expansion: Great opportunity to scale this unique business with a franchise business model. The business can benefit from a robust online and social media marketing strategy. Expansion may also include catering services as the shops have catered to birthday and wedding banquet requests.

Financing: No.

Support & Training: 4 weeks at 20 hours per week.

Reason for Selling: Semi-retirement and the pursuit of other interests.

Exclusively represented by:

Zeal Business Brokers (CA#02240993)

Advisor: Danny Rafeh (CA#01372616)

Mobile: 909-850-0000

Email: dannyr@zealbusinessbrokers.com

Listing Contacts

TZ
CA CA 02240993
Zeal Commercial
Listed by Zeal Commercial

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Additional Information

Name
Tina Zeng
License
CA 02240993
Brokerage
Zeal Commercial
Brokerage Phone
888-655-9325
Title
Commercial Real Estate Broker
Brokerage Address
530 Technology Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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