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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
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.
$8,177 (USD) per annum
Sterling/Dulles. The business is located in an upscale shopping mall.
The business encompasses 850 sq.ft. The storefront is partially divided to differentiate the two concepts. The back of the store is shared.
There is expansion potential within the mall
Their is no direct competition in the mall.
Owners plan to retire in near future.
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.
Franchise Agreement for each concept is fully transferable to new owner.
Comprehensive training and support are provided by the Franchisor for both concepts.
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