Boba Tea: Newly Established & Profitable for Sale

Richmond, VA (Richmond County)

Asking Price: $200,000

Cash Flow: $86,000

Gross Revenue: $256,000

EBITDA: N/A

FF&E: $15,000

Inventory: $30,000 est.

Established: 2022

Employees: 2

Business Description

Established in 2022 and already generating a profit, this popular boba tea and snow ice shop is a prime opportunity for a motivated entrepreneur. Located in the heart of Richmond, VA, this business offers a unique and delicious menu featuring a wide variety of bubble teas, milk teas, fresh fruit
teas, and snow ice. With its prime location and high-quality products, this shop has quickly become a local favorite.

NDA is required {SUBMIT BELOW} to secure the comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities:
No facilities. Everyone works remotely. But you’d never know.

Competition:
As with any city, there is standard competition from other bubble tea shops, dessert cafes, and beverage stands. However, the Business has set itself apart with its unique snow ice offerings, high-quality ingredients, and a prime location that ensures consistent customer flow. The shop has built a strong brand identity and loyal customer base that helps it stand out in a competitive market.

Growth & Expansion:
The bubble tea and frozen dessert industry has grown steadily in the United States, with increasing demand for customizable, flavorful, and Instagram-worthy beverages and treats. Bubble tea has become a favorite among younger generations, driving foot traffic to shops that offer these refreshing drinks. Additionally, snow ice has regained popularity as a fun and unique dessert option, making this business well- positioned in a thriving industry. Given the area’s diverse population and the city’s reputation as a food and beverage hub, the shop benefits from a local market eager for trendy, high-quality, and convenient refreshment options. Expanding Hours, Delivery and catering services, adding menu items, expanding via food truck or even with franchise model, adding stores will all help expand the business significantly.

Financing:
TBD if the structure and terms are acceptable.

Support & Training:
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for two weeks, and up to four weeks as on-call consultants, or as negotiated.

Reason for Selling:
The current owner is relocating out of the area and is seeking a buyer who can continue to grow and build upon the strong foundation already established. Both Sellers have new but different goals in the financial world.