Summary
An excellent opportunity to purchase one of Geelong’s established bubble tea businesses. Operating successfully for 8 years, with its own company and recipes, and operates with no franchise fees.
Revenue
$150,939 pa
Rent
$18,000 pa
Expenses
$36,000 pa
Net Profit
$96,939 pa
Location Details
18 Union Street
This business located in Central Geelong CBD next to malls, cinema and shops.
Geelong Saturday market just accross the road that gives heavy foot traffic.
Potential
There is significant potential to increase sales by introducing additional products, such as:
• Cookies and desserts.
• Hot food and meals.
• Additional snacks and beverages.
• Expanded delivery and online ordering options.
• Increased marketing and social media promotion.
Skills
• Established for 8 years.
• One of the first bubble tea businesses in Geelong.
• Strong support from regular customers.
• Multi-award-winning business.
• Includes the business’s own recipes.
• Independently owned company.
• No franchise fees or ongoing franchise costs.
Hours
Operate 7 Days a week.
You can decide your own operating hours.
Lease
Affordable monthly rent of only $1,500, including outgoings.
Privately owned by Lanlord.
No rent increased since 2019
Employees
Experienced permanent staff available to retain, if required.
Reason for Sale
The owner is a Registered Nurse who are about to start his further study in the field soon.
About the Business
With a formula and menu that
has remained unchanged from
day one, Boba Central has
become a community fixture for
its delicious beverages and the
joy that it brings to customers
throughout Geelong.
• Established for 8 years.
• One of the first bubble tea businesses in Geelong.
• Strong support from regular customers.
• Multi-award-winning business.
• Includes the business’s own recipes.
• Independently owned company.
• No franchise fees or ongoing franchise costs.
• Bubble tea training provided as part of the sale.
• Experienced permanent staff available to retain, if required.
This business would suit an owner-operator, family business, investor, or someone looking to enter the food and beverage industry with an established customer base and proven operations.
History
Almost 8 years ago, The owner
realised there were no milk tea
shops in Geelong. He was
frustrated at the prospect of
having to travel several hours into
the CBD just to access his
favourite beverage. Committed to
bringing bubble tea to Geelong
and other regional areas he set
about sourcing the finest
ingredients and techniques to
establish his own bubble tea
brand that would rival that of the
chain stores in the big city.
The owner firmly believed in the
power of small moments of joy in
improving people’s mood.
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