Whittier, CA 90601
- Investment properties
Current Use by Public Records
- Investment properties
Property Details
- Property type
- Investment properties
Description
Established in August 2019, Chami Tea Bar presents a lucrative business opportunity in Whittier, CA. Located in the Model Plaza Shopping Center at the highly visible southwest corner of Beverly Boulevard and Norway Boulevard, this non-alcoholic juice and tea bar boasts impressive financial performance. Averaging approximately $26,000 in monthly sales and a net monthly income ranging from $10,000 to $14,000, the business has consistently generated strong returns. Past years have shown an average annual revenue of $320,000 and an average net income of approximately $122,700. The current lease, expiring March 31, 2027, includes a favorable 60-month extension option, providing long-term stability. Monthly rent, inclusive of landlord operating expenses, is only $1,969. All business equipment is paid in full, eliminating significant financial burdens. Operating hours are 11:00 AM to 9:00 PM daily. The business benefits from a prime location near Rio Hondo College and the 605 freeway (Beverly Blvd exit), with no direct competition in the immediate vicinity. The current owner dedicates approximately 12 hours per week to the operation, making this a manageable and potentially scalable business. The sale is motivated by the owner's desire to spend more time with family, presenting a unique opportunity for a new owner to step into a thriving, established enterprise.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whittier
- County
- Los Angeles
- State
- California
- Longitude
- -118.043
- Latitude
- 33.9839
