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#6398
San Mateo County

Branded boba tea shop for sale in Downtown San Mateo

$260,000
Sold
Branded boba tea shop for sale in Downtown San Mateo
This Listing is Sold

Branded Taiwanese Boba tea shop for sale in Prime Downtown San mateo. Located near restaurants, Cafes, Wings, Peet’s Coffee and other establishments. The place is very clean and ordering is easy with their snackpass.They only use home-made organic cane sugar and local Clover Organic Premium milk for their signature Tea and latte products. There is a kitchen in the back with a 6 feet type 1 hood. Approximately 990 sq ft with 990 sq ft basement below with lots of storage to store inventory. Year to date sales volume is $500,000. Lease amount is $6950.00. Some of the equipment included are boba tea station, 10 tea dispenser, 3 chest freezer, one door refrigerator, hot water machine, grease trap, 2-door under the counter refrigerator, 6 burner stove, induction cooktop, sealing machine, fruit cutter, water heater and more

This is a Grand Realty Group listing.
Business brokering-Industrial-Retail-Leases Tommy Tran DRE License #01439113

Lease

Region:
San Mateo County
Lease Term:
There is 2.5 years left on lease
Total Monthly Rent:
$6,950

Financials

Last Year's Annual Gross:
$680,000

Operations

# of Full-Time Employees:
7
# of Part-Time Employees:
1
Hours Open:
open every from 12pm-8:30pm
Year Established:
2020
Hood System Type 1:
Yes

Facilities

# of Parking Spots:
some parking in front + public parking behind the the building
Inside Sq. Ft.:
990 990+990

Highlights

  • can convert

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 34,844 144,370 240,889
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,795 54,392 91,509
2010 Persons Per Household 2.63 2.52 2.50
Median House Value $570,500 $826,362 $835,294
Income Per Household $69,832 $94,422 $99,772
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,051 5,215 7,955
2012 Number Of Employees 22,002 177,132 314,092
2012 Total Annual Payroll $591,164,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

This information has been secured from sources we believe to be reliable but we make no representations, warranties, express or implied, as to the accuracy of the information. Listing broker has been given enough information to provide only a preliminary interest in the property. The materials are not to be considered fact. The information contained herein is not a substitute for thorough due diligence investigation. References to square footage, zoning, use, or age are approximate. Any renderings should be considered conceptual in nature and such renderings do not represent the current condition or what can or may be done to the property. Neither broker or landlord represent that this space is suitable for your use. Tenant or Buyer must verify the information at their own expense and bears all the risk for any inaccuracies.

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