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Listed by Larry Le • PHP Group, Inc
$ 550,000
Est. payment | /mo
1,590 SqFt
$ 550,000
Est. payment | /mo
1,590 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,590 sqft
Price per Sqft $345
MLS Listing ID ML81984334
HOA Y/N No
Originating Board Datashare MLSListings
Lot Size 1.130 Acres
Property Sub-Type Business
Property Description
Gong Cha is a dynamic and rapidly growing franchise that has taken the world of bubble tea by storm. Founded in 2006 in Taiwan. Gong Cha provides training ongoing support in marketing, supply chain management, and new product development, helping franchisees stay competitive and responsive to market trends. This beautiful gorgeous Gong cha business for sales included all equipment to operate with good income for family easy to run. It have a large 1,590 Sq. Ft gross leasable area of premises in a strip center. Rent is about $8,100.00 per month included NNN. Lease expired on 10/31/2028. Tenant will have the option to extend the Lease Term for two (2) additional periods of five (5) years each. Gross sales income is about over $368k per annual. The Net Income is about over $50k per year. Seller prefer cash offer only (No loan financing) Buyer must sign the NDA form to get more information then make an appointment to show. For application to qualify to be a franchise of Gong cha, the Buyer must have a clear background check, a minimum liquid asset of $150k, and a passion for the boba tea entrepreneurship.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Fireplace No
Building
Water Public
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Ray Marquez
Broker-Associate | Lic# CA DRE#01800314 AZ# BR70577800