This sale includes two brands. Both with high potential. The restaurant brand is a franchise business with 30+ stores nationwide. The second brand has franchise potential.
The store interiors are beautiful and stylish. The restaurants are known to offer a wide array of premium blends and fresh-brewed tea-based drinks that can best go with the mouth-watering meals at reasonable prices for a delightful customer experience. According to owner, their strength is in importation and sourcing of raw materials and these can be taught to new owner. Staff are trained to adhere to the company’s core values and very much into character-building resulting to an attitude of being respectful, always smiling and welcoming to customers.
The business was founded in 2011 and was acquired by existing owners in 2016. Upon acquisition there were around 20+ stores. The current franchisor-owner has turned the business around and made it consistently profitable and at about a year after acquisition grew the business to more than 70 stores.
The covid pandemic affected the business but they are not desperate and despite the worldwide economic challenges, the business continuously thrives making them one of the most resilient businesses in the country today. They posted positive earnings when others either closed shop or posted negative earnings. Even during the pandemic, this business managed to add franchisees.
Because of this success, new owner can creatively launch this business under new management with huge opportunity to introduce new menus and develop more franchise packages that will suit the needs of the market. Reason for selling: Owner is cashing in. Owner is already in advanced age and children have their own businesses and careers to manage; all children are established. Current Managing Director is willing to stay in whatever agreed management capacity and terms.