Fabulous retail franchise store on Pier 39 in San Francisco
This is an upscale retail franchise store situated on the world famous Pier 39 in San Francisco. The store's incredible location brings in a large number of local shoppers as well as significant tourist traffic, who are delighted by the variety of indulgent teas, herbs, exotic spices, gourmet salts, wellness items, accessories and gifts the store has to offer. This sensory shopping experience is further enhanced by a tea bar where guests can recharge by ordering their favorite blend of tea.
The store is part of a fast growing franchise, with 85+ locations currently. However, this is their only store in California, and with its unique selection of over 675 items there is nothing else quite like it!
Current owner lives in Southern California and is finding it difficult to manage the store remotely, presenting a great opportunity for someone local to the San Franciso Bay Area to take over the reins. Store's history shows a significant uptick in sales when run by the local owner.
Rent is 10% of gross monthly sales, with a minimum of $1137 per month. Lease is NNN.
Franchisor will provide full training to the new owner, with the current owner also helping out for 1 week.
Store was established in 2012, with the current owner owning it since 2017.
The unique, sensory and exotic shopping experience offered by this store is unmatched by anything else in San Francisco!
The store has tremendous potential for growth. The current owner has a lot of great ideas to increase sales, however she has been unable to implement them due to her remote location. Immediate growth opportunities include participating in the weekly farmer's markets at the nearby Ferry Building and wholesaling to restaurants, hotels, wineries and other such establishments.
Upscale shopping center on Pier 39
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.