new Save Request In-Person Tour Request Virtual Tour
Folsom,CA 95630
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224130172
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 0.638 Acres
Acres 0.6381
Property Description
This business offering is for a 3-year established and profitable boba tea shop located in a prominent and high traffic location with a robust online order market as well. The new owner can take advantage of a business that is already profitable without the start up costs and negative months to establish a client base. The offering price is $130,000, which results in a 58.5% cap rate. The sale includes the business entity, which has no debts, and all trade fixtures and personal property in the store to execute the business. Additionally, the buyer will assume all employees, payroll and a current lease for the commercial space. The current owner is offering to assist and train the new owner on business operations. The business is a franchise of Sunright Tea Studio (Franchisor), however Sunright Tea Studio will not transfer the franchise agreement. Buyers would need to rebrand the the business and source items provided by the franchisor, which the current owner will assist if needed.
Location
State CA
County Sacramento
Area 10630
Direction On the corner of Blue Ravine and East Bidwell
Location Details City
Interior
Heating Central
Cooling Central
Flooring Tile
Inclusions See Remarks,Other
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Special Listing Condition None