Location: Riverside County, CA
Industry: Coffee Shops and Cafes
Listing ID: 01985380JH
Listing Status: New
Listing ID - 01985380JH
Profitable Kung Fu Tea Franchise Opportunity in Riverside County, CA.
Overview: Seize the chance to own a thriving Kung Fu Tea franchise in the vibrant locale of Riverside County, CA. This well-established business boasts a consistent monthly gross revenue of $40,000, demonstrating its popularity and financial stability. The franchise is efficiently managed with the support of a team of 12 dedicated part-time employees.
Location: Strategically situated in a high-traffic area, the store occupies approximately 350sqft + 450 patio square feet, contributing to its visibility and accessibility.
Lease Terms: Enjoy a favorable lease agreement extending until March 2025, with an option for a 5-year option, providing long-term stability and growth prospects.
Ownership: The franchise has been under the same ownership since 2019, showcasing a successful track record and experience in the industry.
Operating Hours: Open 7 days a week to cater to customer preferences, operating from 11:30 a.m. to 9 p.m. on Sundays through Thursdays and extending until 9:30 pm on Fridays and Saturdays.
All Cash Financing: Benefit from an all-cash financing arrangement, streamlining the ownership transition process.
Monthly Gross: $40,000
Part-Time Employee Costs: $12,000 (average monthly)
Rent: $6,000 (monthly average)
Royalty: 6% of revenue
This is a remarkable opportunity to enter a well-performing franchise with a solid customer base and proven revenue generation. For those seeking an established business with growth potential, this Kung Fu Tea franchise presents a compelling option.
Down Payment: $299,000
Total Sales: $480,000
Cash Flow: $72,000
Accounts Receivable: N/A
FFE Included: Yes
Inventory Included: No
Year Established: 2019
Days & Hours of Operation: 7 Days (Mon - Thur: 11:30am to 9pm) / (Fri - Sun: 12pm to 9:30pm)
Owner Hours Per Week: Part Time
Non-Owner Payroll: N/A
Absentee Owner: No
Lease Option: 5 Years Option
Real Estate: N/A
Monthly Rent: $6,000
Type of Location: Strip Center
Square Footage: 350 + 450 Patio
Reason For Sale: Personal