$ 600,000
0 00000 Meridian, San Jose San Jose, CA 95125
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$ 600,000
Est. payment | /mo
1.13 Acres Lot
$ 600,000
Est. payment | /mo
1.13 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81984334
HOA Y/N No
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 699 - Not Defined
Zoning c
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Listed by Larry Le • PHP Group, Inc
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Donna Padula
REALTOR®