11
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$80,000
$99,888 19.9%
Est. payment /mo
0.64 Acres Lot
Sold on 03/05/2025
Address not disclosed Folsom, CA 95630
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Key Details
Sold Price $80,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224130172
Sold Date 03/04/25
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 0.638 Acres
Acres 0.6381
Property Description
This business offering is for a 3-year established and profitable boba tea shop located in a prominent and high traffic location with a robust online order market as well. The new owner can take advantage of a business that is already profitable without the start up costs and negative months to establish a client base. The offering price is $130,000, which results in a 58.5% cap rate. The sale includes the business entity, which has no debts, and all trade fixtures and personal property in the store to execute the business. Additionally, the buyer will assume all employees, payroll and a current lease for the commercial space. The current owner is offering to assist and train the new owner on business operations. The business is a franchise of Sunright Tea Studio (Franchisor), however Sunright Tea Studio will not transfer the franchise agreement. Buyers would need to rebrand the the business and source items provided by the franchisor, which the current owner will assist if needed.
Location
State CA
County Sacramento
Area 10630
Direction On the corner of Blue Ravine and East Bidwell
Location Details City
Interior
Heating Central
Cooling Central
Flooring Tile
Exterior
Parking Features Other
Utilities Available Other
Roof Type Other
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Special Listing Condition None
Listed by KW CA Premier - Sacramento
Bought with KW CA Premier - Sacramento
Bought with KW CA Premier - Sacramento