Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Dual Concept Franchise Opportunity Business For Sale

Virginia, US
Asking Price:
$175,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$654,000 (USD)
Cash Flow:
$74,000 (USD)

Dual Concept- cinnamon roll and decadent drink franchise known worldwide by those who crave and appreciate a sweet indulgence. The tea is a relatively young concept featuring traditionally brewed and prepared, primarily Taiwanese, Black, Green,and Oolong teas.The addition of boba (bubbles) and assorted freshly made toppings to the drinks appeals to a diverse and expanding clientele.

This is a great turn-key opportunity for a serious owner/operator who is ready to step in and start making money.

Estimated total start-up costs are approximately $200,000.Costs not included in asking price include Franchise Agreement transfer fees, Lease assignment fees, Legal Fees, Training and travel costs and initial operating capital

Property Information

Real Estate:

Lease

Lease Terms:

Current Lease term expires 10/2022 . Current Lease is fully assignable to new owner. Actual monthly rent charge is $7,177.19 which includes a charge of $155 monthly for additional storage space located within the mall. Business is subject to a percentage rent charge of 8% for combined sales exceeding $500,000 annually. 2018 Percentage rent was $12,498. Owner escrows an additional $1,000 monthly in anticipation of annual Percentage rent charge.

Leasehold Rent:

$8,177 (USD) per annum

Location:

Sterling/Dulles. The business is located in an upscale shopping mall.

Premises Details:

The business encompasses 850 sq.ft. The storefront is partially divided to differentiate the two concepts. The back of the store is shared.

Size in square feet:
850 Sq. ft.

Business Operation

Expansion Potential:

There is expansion potential within the mall

Competition / Market:

Their is no direct competition in the mall.

Reasons for selling:

Owners plan to retire in near future.

Trading hours:

Food is open for business 7 days a week. Monday thru Saturday 10am to 9:30 pm. Sunday 11am to 7pm. Tea is open for business Monday thru Saturday 11am to 9:30 pm. Sunday 11am to 7pm. Store hours for both concepts are extended during year-end holiday season.

Employees:
There are currently 12 Employees. 5 Full time and 7 Part time.
Years established:
Food Franchise opened for business in 2014. The space was re-configured to accomodate Kung Fu Tea in 2017. Tea franchise opened for business in August 2017.

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Franchise Agreement for each concept is fully transferable to new owner.

Other Information

Support & training:

Comprehensive training and support are provided by the Franchisor for both concepts.

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD) - included in the asking price

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here