Here is a unique opportunity for tea enthusiasts to transform their love for tea into a profitable venture! An established Cha Bar franchise, known for its delectable bubble tea, is now available in Parramatta, NSW. This popular business, with gross sales exceeding $490,000, is a perfect match for those with a passion for creating and sharing delightful bubble tea concoctions.
The store is strategically positioned in a prime location near the main entry of the bustling shopping centre Westfield in Parramatta. This high-traffic area is surrounded by schools and is within walking distance from the train station and bus stop. As a Cha Bar Franchisee, you will be in business for yourself, not by yourself. The head office will be working together with you to achieve shared success. With such a high-traffic location, you can be confident about the potential customer base.
The sale price includes the setup costs, training, shop fit-out and equipment (fit-out and equipment valued at $250,000). Franchisees can easily bear an ongoing monthly royalty of 6% without a marketing levy. Franchisees have to complete a comprehensive initial training program, and its cost is included in the sale price (usually $7,500). It consists of online and in-store training, covering policies, procedures, best practices and more. Team members can also access the online training hub to ensure they are familiar with the methods and standards before they start their on-the-job training.
The store currently operates from 10:30am to 5:30pm on Friday to Wednesday, and from 10:30am to 8:00pm on Thursday. There’s also potential to extend these hours, catering to a wider customer base.
Features of the Business:
Cha Bar franchise in a busy location in Parramatta
Comprehensive training and ongoing support
Excellent sales of $7,500 pw and low rent of $2,500 pw
The asking price includes fit-out, equipment and training fee
Royalties 6% of the net and 5-year lease until Dec 2027 + 3 month bank guarantee
High growth potential through local marketing to commercial buildings
This is a fantastic opportunity to acquire a well-established franchise in a super busy location with great potential. If you are interested in this business, call us on the number given above today!
