Listing ID : 2431336
Broker ID : 1115-S
Listed On November 15, 2024 30
Listing Updated March 2, 2025
Listing Highlights :
Great opportunity to own and operate a brand name Boba Tea shop in Davis ~ a university town just outside of Sacramento. Located in a busy part of town and not too far from the University, this Boba Tea Shop has established itself as the ‘go-to’ place for delicious Boba Teas. The full kitchen which includes a type 1 hood, fire suppression and grease interceptor will allow for a conversion to a different concept. Current lease term runs through to the end of 2028 and a five-year option to extend the lease can be requested from the Landlord.
Current Base Rent is $5376 a month which increases each year. Additional Rent runs an average of about $3000 a month. which is based on actuals and includes the typical commercial retail NNN expenses and also trash, water, electric and HVAC servicing. Â
Occupancy: 69 inside / about 10 patio area
Seller financing can be considered on a case-by-case basis.Â
Conversion to a different concept is possible and would require Landlord’s approval. CANNOT do Sushi or Chinese restaurant. Thai, Indian, burger, chicken, pizza would be ok.
Contact Listing Broker for the NDA and Buyer Profile to fill out. In return, a business review sheet with detail information will be made available.
NNN = Triple Net expenses (the pass-through of the Landlord’s property taxes, insurance, and CAM expenses)
NDA = Non-Disclosure Agreement (this is a confidential listing)
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