11130 Magnolia Avenue C
Riverside, CA, 92505 $ 175,000
Bedrooms-- Baths-- Monthly Estimate*
$ 1,209
Listed by Silvia Alvarran, Coldwell Banker Top Team, silviacbtt@gmail.com
for $175,000.
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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FeaturesGeneralUnit Number C
Business Type Food & Beverage Franchise
County Riverside
Property Type Business Opportunity
Status Active
Directions Corner of Magnolia Ave and La Sierra in Westgate Shopping Center
City Riverside
MLS Area 252 - Riverside
Additional Parcels Y/N false
Leasable Area 1620
Building Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Ownership Type Franchise
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ExteriorInclusions Equipment Furniture.
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* Excluded FeaturesList BySilvia AlvarranListing Agent
Coldwell Banker Top TeamBroker
silviacbtt@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,209
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Riverside, CA
Average List Price $1,510,022
Percent of Sale Price 763%
About Riverside, CA 322,488 Population
25% Since 2002
$ 60,101 Median Income
32.82 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/6/2026 | $175,000 | | Listed Price |