Established Bverage Shop with Strong Local Brand Recognition
$70,000
Seller financing available
The seller is open to letting you pay part of the price over time.
Long lease in place
The current lease runs for several more years.
Training included
The seller will help you get up to speed after closing.
About this business
We are an established boba and specialty beverage shop founded in 2016 as Wichita, Kansas’ first boba tea shop. With nearly a decade of history, ICTea has built local brand recognition, an established customer base, and a diverse menu of specialty beverages. The business is fully operational and turnkey, with equipment, inventory, established recipes, vendor relationships, and operating systems included.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$70,000
- Annual Revenue$130,000
- SDE$130,000
- 0.5×
- Price to SDE
- 0.5×
- Price to revenue
- 100%
- SDE margin
- Annual Profit
- $40,000
- Approx. Inventory Value
- $20,000
- Approximate FF&E
- $50,000
Details
- 2016
- Established · 2 yrs
- 10
- Employees
- 30
- Owner hours per week
- Stock / Entity Sale
- Sale Type
- Restaurant
- Business type
- Leased
- Premises
Financing & transition
- Seller financing
- Yes
- Min. Down Payment
- $40,000
- SBA Prequalified
- No
- Buyer Loan Allowed
- Yes
- Training after the sale
- Included
- Cost
- $3,000
- Duration
- 1 weeks
Property & lease
- Premises
- Leased
- Total Area
- 2,100 sq. ft.
- Rent (monthly)
- $1,890
- Lease Expiration
- Aug 31, 2029
- Lease Renewable
- Yes
Where it is · Wichita, Kansas
Approximate location. The exact address is shared once you connect with the broker.
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