11130 Magnolia Ave C, Riverside, CA 92505

Property Description

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.