Premium Boba Tea Shop in Fremont, California

Located in north Fremont, within walking distance to multiple schools, businesses and residential homes, this is the ideal boba tea shop to operate! We serve a variety of fresh tea, various toppings, awesome snacks such as house-made popcorn chicken, waffles, etc. Good landlord, clean environment, low-crime area. The location was built less than 7 years ago, so all the equipment is still in good, working condition. Nearby shops include donut shop, restaurants, hair-dresser and fitness. Ample parking around tea shop, with high vehicle traffic. Even despite COVID, we had decent business. $334K in gross revenues in 2021. Tremendous opportunity for growth post-COVID and with good management. Why sell now? Current owner has 2 elderly parents that are in need of full-time at-home care, so unfotunately, she has to depart from the business. Location: Fremont, California Year Established: 2018 Number of Employees: 5 Real Estate: Leased Building Sq. Ft.: 1,100 Rent: $5,500.00 Per Month Lease Expiration: 9/9/2023 Facilities: Facilities are very clean. The site was constructed less than 6 years ago. Assets include full kitchen with fryer, ice machine, grease trapper, refridgerator, appliances for tea-making, etc. Market Outlook/ Competition: The local market for premium boba tea is strong, as more and more Asians reside in the Fremont area. There are a few boba tea shops in Fremont, but we do not feel that they compare with regards to the freshness of the teas, the drink variety and also the accompanying snacks, such as the popular popcorn chicken. Growth & Expansion: There's strong growth potential in engaging more with the local schools and also local community. COVID has made business difficult, but now that we are more or less post-COVID, there is great opportunity for growth.