Listing Number: 76931-916731
Description
This tapioca store, established in 2015 in Houston, Texas, has swiftly become a beloved destination for beverage enthusiasts. The business takes pride in sourcing the finest tea leaves to create a harmonious blend of flavors, with a remarkable composition of 75% tea and 25% ice, ensuring a refreshing experience for customers. In 2021, business revenue is $263,524.00, sellers discretionary earnings (SDE) is $72,282.00. In 2022, this business achieved a revenue of $282,126, with Seller's Discretionary Earnings (SDE) reaching $83,677. In 2023, the business achieved revenue of $286,413, with Seller's DIscretionary Earnings (SDE) of $80,516.
The business has effectively managed seasonal fluctuations keeping revenue steady year-round and managing peak seasons. The customer base has grown 25% since COVID-19, Its diverse customer base includes families, young professionals, high school students, and mid-age professionals. The owner purchased the business in 2020 and has been running it as a semi-absentee business. The owner hires an operations manager to manage the store full time and steps in as a back up as needed. Business operates with one full-time employee and four part-time employees, maintaining a balanced workforce mix.
The business occupies a commercial space spanning 1,500 square feet, with a monthly lease rate of $3,800. Sale includes all Furniture, Fixtures, and Equipment (FF&E) valued at $100,000, leasehold improvements valued at $15,000, and inventory valued at $5,000.
Listing Details
- Price: $135,000
- Down Payment: $135,000
- Sellers Discretionary Earnings: $80,516
- Total Sales: $286,413
- Location: Harris County, Texas
- Inventory: $5,000
- FF&E: $100,000
- Employees:
- Year Established: 2015
- Reason for Selling: Retiring
- Category: Restaurants
