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Tea Rooms For Sale (New Jersy, United States) Asking Price:$143442

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Tea Rooms For Sale


Revenue $Available on Request, Cash Flow $Available on Request, Established 2014

Excellent opportunity to own this unique English style Tea Room & restaurant located in an affluent area of Morris County. This beautiful Tea Room serves authentic English-style afternoon tea in a relaxing Victorian setting, as well as numerous catering events. The tea room offers weekly live entertainment, and generates a yearly gross income of $295,000 with a consistent net income to the owner operator. This business offers an eclectic menu of pastries, finger sandwiches, scones and tarts, all fresh and prepared onsite. They offer a selection of over forty teas, all of which is loose leaf to assure absolute freshness. A fully trained staff is available to remain post-closing, including a special events coordinator to book and execute catered affairs. This location is perfect for luncheonettes, showers, birthday parties, religious and professional milestones, etc. All the tea served here, is available for retail sale in a tea emporium. The current lease in place offers extension options with a modest rent of $2,600. The sale includes a commercial kitchen, refrigeration and freezers, POS computer system, numerous displays, and fully decorated restaurant, etc. The building is 2,000 square feet with seating for 50. Adequate private parking is part of the lease and available at this location. The business is active Wednesday through Sunday from 11 am-5 pm. The business has a municipal food handler’s license so prepare and serve food. The sale includes a three year lease term plus options, monthly rent of $2,600. Based on the asking price, required down payment and net income this business should supply a 35% return to the owner operator prior to debt service.

Business Information

Number of Staff

4

Ownership

Yes

Any Expansion potential

Yes if needed

Reasons for selling

Owner is in alternative business.

Any Inventory / Stock value

$1,500 (included in the asking price)

Is this a home-based business

Yes

Property

Yes

Telephone

Business Location details

Morris County, New Jersey

Competition / Market

No other similar Tea Rooms are in this county and limited competitors exist in this general area, se

Trading hours

Yes

Any Support & training

Seller will supply a long term transitional period to the new operator and will remain post closing

Any Furniture / Fixtures

$110,000 (included in the asking price

Any Living Accommodation

Yes

Can this business be relocated?

Yes

Is this business part of a franchise?

Yes