A Gong Cha Bubble Tea franchise location in the Calgary area is for sale. This business is easy to operate and has been in operation since November 2022, but the owners must sell because of a death in the family. The owners want to relocate for their family, so they are looking to sell this business quickly. Since they are in a hurry, they are asking $250,000. For reference, establishing a new Gong Cha Bubble Tea location starts at $350,000.
The business is a sub-franchise of the Western Canada Master Franchisee. The franchisee will provide training to the new owner. In addition, the Calgary area Gong Cha franchises are some of the top-performing in North America in revenue and profitability due to their commitment to high-quality and consistent drinks and customer service. Finally, the franchisee is willing to give back half of their fees in the first six months to the new owner so that they can invest more in sales and marketing initiatives.
The new owner can grow sales by investing in marketing, which has not been done since opening. The current location has two employees and is open from 11:30 AM to 9:00 PM daily. The ideal buyer would be willing to work in the business initially to get to know the customers, go out into the community and spread awareness of the location. Afterwards, the business is easy to manage, requiring the owner to oversee staffing and inventory.
About Gong Cha
Gong Cha was established in 2006 in Taiwan, specializing in high-quality bubble teas. The franchise is now international, with over 1,100 stores in 20 countries. It has a reputation for serving high-quality, customizable beverages and has grown very popular in Calgary. In 2022, Gong Cha was ranked #1 in the Tea category on Entrepreneur Magazine’s prestigious Franchise 500 List.
Business Type: Franchise; Limited Service-Restaurant
Location: Calgary, Alberta
Asking Price: $250,000
Ideal Investor Fit: N/A
Looking to Sell: Immediately
Reason for Selling: Family reasons
Listed By: Owner