Specialty Milk Tea and Cafe Shop in Pasadena/Arcadia Area

This well-known tea & coffee shop specializes in fresh fruit milk tea and drinks with choices of cream and cheese. It has been a success since its inception, especially due to its creative recipes and quality tea, which are imported from overseas. It has also received continuing positive reviews from repeat customers and around 4.3 stars with high ratings on social media. The reported sales before Covid-19 were over $244k with a gross profit margin of 70%. After being hit by the pandemic, the shop adapted well by partnering with takeout/delivery platforms. It is located on a high traffic street in one of the busiest commercial areas. With summer around the corner, the shop is seeing sales trending up and is well poised to come back strong under new ownership. Business Highlights: Prime location in an affluent city with high traffic Premises of 1,360 sf with a base rent of $3,200 Lease is good through 2025 Newly renovated with newer equipment Approximately $26,280 worth of FF&E included in the selling price Partnership with multiple delivery/takeout Apps, including Uber Eats, DoorDash, etc. Highly recognized business name with strong (around 4.3 stars) social and platform ratings Services of dining-in, takeout and platform delivery Low food cost Truly turnkey, convertible and scalable Tremendous potential for new owner to grow Business name, menu and recipes are included in the selling price Seller will train Disclaimer: The information herein has been supplied to Broker by the Seller. Broker believes the information to be correct but has not verified the information and makes no representation as to its accuracy, completeness or reliability. Broker and its agent Expressly Disclaim any and all liability for the representation of the warranties, express or implied, contained in such information or for omission from them. It is buyer’s responsibility, with the aid of appropriate professionals, if necessary, to perform independent due diligence to verify all the information prior to purchasing the Business. For more information, please contact Iris Chen at (626) 506-0300 or email her at iris.chen@sunbeltnetwork.com. Location: Los Angeles County, California Number of Employees: 3 PT Facilities: Approx 1,360 SQ FT