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 is about over $400k per annual. The Net Income is about over $100k per year. Seller prefer cash offer only ( No loan financing ) 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 |
| Building Name | GONG CHA MILK TEA IN SAN JOSE |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 94 |
| 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: $550,000 low | high Med: $1,184,500 SqFt: 1,590 low | high Med: 1,252 $ / SqFt: $346 low | high Med: $1,078 On Site: 94 low | high Med: 63.000000 | |