This franchise resale is an exceptional opportunity to own a highly successful bubble tea café located in a well-known and popular Seattle neighborhood appealing to a distinct target audience. The business features fun comfort drinks with unlimited flavor options such as milk teas, slushies, smoothies, fruit drinks, as well as coffee and espresso. With 1,850 square feet of space and a layout designed specifically for any beverage based business, this newly remodeled, energetic and modern space is fun and bold and ready for the next owner to take over from day one.
The business is located in a storefront commercial space on the street level floor of an apartment complex within an extremely popular Seattle neighborhood with tons of foot traffic and street visibility. The 1,850 sq ft contemporary and creatively designed space comes turnkey for any beverage based company. What sets this bubble tea shop apart is the ample seating available inside the business, offering counter seats along the windows, tables for groups and bean bag chairs for lounging. There is a section for children to play and there is a large back area currently being used now for supplies and inventory storage, but can be reconfigured in the future for additional seating. The space was completely remodeled with over $224k in leasehold improvements and $40k of furniture, fixtures and equipment. Lease is $4,847/mo. including triple net charges and expires Nov. 2020.
There is room to expand marketing efforts to increase exposure with additional social media advertising and print advertisements including promotions. Subscribing to online delivery service platforms will increase exposure as well.
There are four bubble tea shops located within one mile of this business, however, these smaller, family-owned stores can't match the business' quality and technique. Bubble tea is growing in popularity and demand. The Boba tea market is expected to grow 7.4% between 2017 and 2023 with the introduction of new flavors and decreases in demand for carbonated drinks. The global bubble tea market was valued at $1.957million in 2016 and is expected to reach $3.214Million by 2023.
Owners are selling due to family obligations.
This ingenious business offers a menu of fresh, innovative, and limitless options of Bubble Tea including variations of classic bubble tea, milk tea, punch, slushies, milk cap, milk strike, specialty/customized teas, as well as coffee and espresso drinks that outdo the surrounding competition. Knowledge of the food industry would be a plus, however, the franchisor will train new franchisees. State, City and County Business licenses required. Food handler license would also be required