A great opportunity to own an established location of one of the world's best-known bubble tea franchises! Built new in 2023 in a clean, well-kept, big-box anchored shopping center in the East Bay, this store brought in $451,063 in revenue and $81,516 in SDE in 2025, with a three-year average SDE of $87,500. Asking just $180,000 plus inventory, about 2.2x SDE.
Drinks make up about 95% of sales, led by classic milk teas, fruit teas and brown sugar drinks. Gross margins have improved every year, from 77% in 2023 to over 80% today, as ingredient costs fell from 23% of sales to under 18%. The franchisor handles menu development, national campaigns, seasonal flavors and pop culture collaborations, so the owner can focus on running the store.
The shopping center's national anchor, surrounding restaurants and EV charging bring a steady stream of customers through the door, and an estimated 40 to 45% of sales come from regulars. DoorDash, Uber Eats and Grubhub add about 14% of sales. No single customer comes anywhere near 5% of revenue.
About 10 part-time W-2 employees with an average tenure of about 2.5 years, nearly all hired through staff referrals. Every employee is cross-trained on every station, and a new hire is fully trained in 4 to 6 shifts. The current owner manager puts in about 30 hours a week, much of it off site. One system runs the register, kiosks, mobile app, online and delivery orders, and payroll runs through Gusto.
All equipment was bought new during the 2022 to 2023 build out, is owned outright and is in excellent condition. No remodel needed. No debt, no liens, and books reconciled to bank statements since opening. The lease runs to 2033 with a five-year renewal option.
The store sits on the franchise's lowest price tier and has never moved up. It has spent nothing on local marketing since 2024, stepped back from catering for schools and churches, and has never used its permitted outdoor seating. Each one is an easy lever for a hands-on owner.
The owners will provide 30 days of in-store training plus 90 days of phone support. Sale is subject to franchisor approval, and the franchisor is currently offering 50% off franchise fees on new agreements. A great fit for a first-time owner or a multi-unit operator. Sign an NDA to receive the full confidential information memorandum.
