Established Boba Tea Franchise - High Traffic Shopping Virginia Beach
Business Description
Take advantage of this unique chance to Kung Fu Tea franchise located outside of bustling Virginia Beach Town Center. This high-traffic commercial area is a local hotspot, surrounded by popular anchor stores such as Harris Teeter, Marshalls, and Virginia ABC, as well as being situated in between successful dining destinations like Noodle Man, The Egg Bistro, Kelly’s Tavern, and Chick-fil-A.
Opened in 2022, this grab and go store is a local staple in the community due to, and benefits from, the Kung Fu Tea brand’s reputation as the first bubble tea franchise to arrive in the Hampton Roads area. With a prime location and a loyal customer base, this business is fully operational, turnkey, and ready for new ownership.
• Prime Location: Haygood Shopping Center is located near Town Center and boasts consistent foot traffic from surrounding anchor stores and eateries.
• Turnkey Operation: Efficiently run and self-sufficient, requiring no operational changes to maintain daily operations. Perfect for buyers who want a seamless transition with low disruption.
• Brand Recognition: Benefit from the brand’s established presence as a local favorite in the bubble tea market due to the other stores owned in the area by the same franchisee.
Lease Terms: Current lease agreement valid through 2027. Priced for quick sale. Serious inquiries only.
Opened in 2022, this grab and go store is a local staple in the community due to, and benefits from, the Kung Fu Tea brand’s reputation as the first bubble tea franchise to arrive in the Hampton Roads area. With a prime location and a loyal customer base, this business is fully operational, turnkey, and ready for new ownership.
• Prime Location: Haygood Shopping Center is located near Town Center and boasts consistent foot traffic from surrounding anchor stores and eateries.
• Turnkey Operation: Efficiently run and self-sufficient, requiring no operational changes to maintain daily operations. Perfect for buyers who want a seamless transition with low disruption.
• Brand Recognition: Benefit from the brand’s established presence as a local favorite in the bubble tea market due to the other stores owned in the area by the same franchisee.
Lease Terms: Current lease agreement valid through 2027. Priced for quick sale. Serious inquiries only.
About the Business
- Years in Operation
- 3
- Employees
- 7
- Franchise
- This business is an established franchise
- Facilities & Assets
- Fully equipped with all necessary equipment for operations, including a commercial-grade kitchen with blenders, tea brewers, refrigeration units, sinks, prep stations, storage shelves, sealing machine, espresso machine. POS system, display counters, seating. The front space is optimized for small space efficiency, while the back is large and open with great storage space
- Website
- https://www.kungfutea.com/
- Market Outlook / Competition
- The brand is a pioneer of the boba industry and the first to enter this local market so it is well known amongst enthusiast. Potential client base expansion is high due to a local military presence and international airport that has an ever revolving new client reach.
- Opportunities for Growth
- Is self sufficient and has a loyal base, and with an active owner can help exceed expectations.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,000
- Rent
- $2,990.00 per month
- Lease Expiration
- 6/1/2027
About the Sale
- Seller Motivation
- Seller is diversifying business interest in other industries
- Transition Support
- hands-on training with thorough documentation and 2 week support to make sure the new buyer is set up for success. The current employees are very knowledgeable in their roles and need very little guidance.
Listing Info
- ID
- 2324600
- Listing Views
- 3406
Business Location
Listing ID: 2324600 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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