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VR Business Brokers - Artesia, CA
17100 Pioneer Blvd, Ste 195
Artesia, CA 90701
(562) 402-2686
www.vrbusinessbrokers.com/office/LOS-ANGELES-ARTESIA-CA.aspx
socalvrbb@gmail.com
 

VR Business Brokers - Artesia, CA

17100 Pioneer Blvd, Ste 195
Artesia, CA 90701
(562) 402-2686
www.vrbusinessbrokers.com/office/LOS-ANGELES-ARTESIA-CA.aspx
socalvrbb@gmail.com

Business Listing Details

LISTING#:
01984949DK

C1500: Restaurants
BOBA TEA COFFEE & HOT FOOD IN BIXBY KNOLLS W/ B&W
LOCATION: Long Beach
  
ASKING
PRICE

$149,000
AMOUNT
DOWN

$149,000
REVENUES:
  
DISCRETIONARY
EARNINGS

TOTAL
ASSETS

$275,000
GREAT YELP REVIEWS
BIXBY KNOLLS in LONG BEACH
ASSET SALE - EASY TO OWN

Opened for business in November 2019, this boba coffee tea cafe / restaurant with full kitchen and beer & wine license was netting about $34,000/mo average until the temporary closure at end of March due to Covid19 mandates.

Ideally situated in the business district of Bixby Knolls in Long Beach, the cafe restaurant was a sanctuary to both business professionals and residents in offering quality Asian fusion menu along with boba, coffee, tea, as well as beer and wine choices.

The asset sale includes all social media accounts in addition to its own website.
The spacious 2100 SF space offers 54 seatings indoor.
The long lease offers a reasonable annual rent increase of 3% during the 10 option years, which will extend the lease to 2039, if the new owner choose to exercise.
 
Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies.

Contact:  Associate on Duty
Phone:  (562) 402-2686
E-Mail:  socalvrbb@gmail.com
VR Business Brokers - Artesia, CA
17100 Pioneer Blvd, Ste 195
Artesia, CA 90701
www.vrbusinessbrokers.com/office/LOS-ANGELES-ARTESIA-CA.aspx
Listing Number:  01984949DK
 


Best Drinks & Food!