11130 Magnolia Avenue C, Riverside, CA, 92505

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$175,000
New Listing

11130 Magnolia Avenue C
Riverside, CA 92505

For Sale|Business Opportunity|Active
0
Beds
0
Total Baths
County:
Riverside
Listed by Silvia Alvarran of Coldwell Banker Top Team silviacbtt@gmail.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
11130 Magnolia Avenue C11130 Magnolia Avenue C11130 Magnolia Avenue C11130 Magnolia Avenue C
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Excellent opportunity to acquire an established Tastea boba tea business located in the heart of Riverside's retail corridor. This franchise has been under the same ownership for eight years in the Westgate Plaza, a shopping center located on Magnolia Avenue and La Sierra Avenue, minutes from the 91 Freeway. The business generates positive revenue, Tastea is an established specialty beverage brand offering a diverse menu of refreshing fruit teas, milk teas, smoothies, specialty drinks, and savory snacks. Situated near major retail, medical, educational, and residential areas. Existing store operations, equipment, and infrastructure offer a prospective buyer the opportunity to acquire an operating business rather than establish a new location from the ground up. The surrounding trade area includes established residential neighborhoods, retail businesses, restaurants, medical facilities, and educational institutions. Nearby destinations include Kaiser Permanente Riverside Medical Center, Galleria at Tyler, and La Sierra University. The location benefits from convenient access to the 91 Freeway and serves a potential customer base consisting of local residents, students, healthcare professionals, retail employees, shoppers, and commuters. This business offers an opportunity for an owner-operator or an experienced food and beverage entrepreneur seeking to acquire an established specialty beverage operation. A new owner may explore opportunities to increase community engagement, expand local marketing efforts, strengthen customer retention, and improve operational efficiency. The business is offered as an existing operation with an established location and operating history, subject to applicable franchise, landlord, and other transfer approvals. After eight years of ownership, the sellers have decided to transition away from the business to devote more time to family caregiving responsibilities. The sale is motivated by personal and family commitments, and the owners are seeking a qualified buyer interested in continuing the business. Additional financial and operational information may be made available to qualified prospective buyers upon execution of a confidentiality agreement. All prospective buyers are encouraged to conduct their own due diligence and independently verify financial information, lease terms, franchise transfer requirements, and operating expenses. Price does not include franchise fee, may also be sold without franchise.

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Listing Snapshot
Price 
$175,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
TR26209698
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
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N/A
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Recent Activity
11 hours agoListing first seen on site
11 hours agoListing updated with changes from the MLS®
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Community Features
MLS Area 
252 - Riverside


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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