This business offering is for a 3-year established and profitable boba tea shop located in a prominent and high traffic location with a robust online order market as well. The new owner can take advantage of a business that is already profitable without the start up costs and negative months to establish a client base. The offering price is $130,000, which results in a 58.5% cap rate. The sale includes the business entity, which has no debts, and all trade fixtures and personal property in the store to execute the business. Additionally, the buyer will assume all employees, payroll and a current lease for the commercial space. The current owner is offering to assist and train the new owner on business operations. The business is a franchise of Sunright Tea Studio (Franchisor), however Sunright Tea Studio will not transfer the franchise agreement. Buyers would need to rebrand the the business and source items provided by the franchisor, which the current owner will assist if needed.
The MORE Real Estate Group as exclusive advisor, is pleased to present a prime investment opportunity in the Historic Folsom area! This meticulously maintained 2,730 +/- SF property consists of two buildings offering a long term Salon Suites concept. Building (1), featuring 1,500 +/- SF, was originally constructed in 1996 and fully renovated in 2020. It includes 6 private salon suites, reception and waiting area, restroom facilities, and a community kitchen. The suites feature 14 ft ceilings, laundry hookups, and large windows providing abundant natural light. Building (2) is a newly built 1,230 +/- SF structure completed in 2022, offering an additional 6 suites with 11ft ceilings, a small reception area, restrooms, and windows in every room. The lot provides 14 designated parking spots for tenants and guests as well as additional street parking, and full ADA accessibility. Located within the highly desirable Historic Folsom District, this property benefits from a strong rental history and offers investors a secure, turnkey asset in an affluent community.
193 Blue Ravine Rd in Folsom CA is a 70,000 SF Office Building built in 2005. Suites 265 and 270 make up contiguous space of +/-8,153 SF. Located in the upscale sub-market of Folsom. Easy access to Highway 50. Plethora of eateries and shopping options. Easy access to Folsom Blvd. & Hwy 50. Very close to several amenities including restaurants, Outlets, Light Rail, Trails and more.
$100,000 price reduction! Owner user or Investor Opportunity to purchase a free standing building in the heart of Folsom's Historic District. The amazingly designed exterior brings the feel of a historic structure, all while offering modern features, and construction details. The interior offers a bright and open interior feel with high ceilings, and loft area above. The main floor is approximately 2,300 sq/ft , with an approximate 120 sq/ft. loft area. The bottom floor is approximately 800 sq/ft. of open floor space.
The median home value in Folsom, CA is $880,000. This is higher than the county median home value of $489,000. The national median home value is $338,100. The average price of homes sold in Folsom, CA is $880,000. Approximately 67.06% of Folsom homes are owned, compared to 29.77% rented, while 3.18% are vacant. Folsom real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Folsom real estate agent to arrange a tour today!
Folsom, California has a population of 79,201. Folsom is more family-centric than the surrounding county with 43.7% of the households containing married families with children. The county average for households married with children is 33.01%.
The median household income in Folsom, California is $128,421. The median household income for the surrounding county is $76,422 compared to the national median of $69,021. The median age of people living in Folsom is 40.3 years.
The average high temperature in July is 93.9 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 20.8 inches per year, with 0 inches of snow per year.