0 00000 Meridian, San Jose , San Jose, CA 95125
San Jose, CA 95125
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.
Details
| Mls | ML81984334 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Days On Site | 46 |
| Listing Provided By | PHP Group, Inc (408) 657-9559 | Larry Le |
Features
| Sq Feet | 1,590 |
|---|---|
| Zoning | c |
| Acreage | 1.13 |
Market Activity 95125
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95125 |
| Area | 699 Not Defined |
| Listing VS Median (in 95125) | |
Price: $600,000 low | high Med: $1,350,000 SqFt: 1,590 low | high Med: 2,057 $ / SqFt: $377 low | high Med: $660 On Site: 46 low | high Med: 75.500000 | |