$ 600,000
00000 Meridian, San Jose San Jose, CA 95125
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$ 600,000
Est. payment | /mo
1,590 SqFt
$ 600,000
Est. payment | /mo
1,590 SqFt
Key Details
Property Type Commercial
Sub Type Business for Sale
Listing Status Active
Purchase Type For Sale
Square Footage 1,590 sqft
Price per Sqft $377
MLS Listing ID ML81984334
Lot Size 1.130 Acres
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. Current rent is about $7,900.00 per month. 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 from 01/01/2024 to 08/31/2021 is about $260,954.00 and the Net Income is about $72,312 from 01/01/2024 to 08/31/2024. Seller prefer a cash offer only! Buyer must sign the NDA form along with their financial statement to get 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
Area Willow Glen
Zoning c
Interior
Heating Central Forced Air
Cooling Central AC
Exterior
Garage Common Parking Area
Garage Spaces 6.0
Utilities Available Public Utilities
Roof Type Tar and Gravel
Building
Sewer Sewer - Public
Water Public
Others
Security Features Security Alarm
Special Listing Condition Not Applicable
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Listed by Larry Le • PHP Group, Inc
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Pete Ruiz
Agent | License ID: 01974535