0 00000 Meridian, San Jose

San Jose, CA 95125

PRICE REDUCED

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-$50,000 (-8.33%)

$550,000

List Price

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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. 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 $480k per annual. The Net Income is about over $161k per year. Seller prefer cash offer only (No loan financing) Buyer must sign the NDA form to get more 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.

Listing Information

List Price $550,000
Status Active
MLS ML81984334
HOA $0
Type Business
Lot Size 49,223
Structure Size N/A
DOM 101
Courtesy Of PHP Group, Inc
Listing Agent Larry Le DRE#01278409

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Listing information courtesy of: Larry Le, PHP Group, Inc 408-930-8721. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 28th, 2025 at 7:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.