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Tea Rooms For Sale (New Jersy, United States) Asking Price:£69882

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Tea Rooms For Sale


Revenue £Available on Request, Net Profit £Available on Request, Established 2010

Absentee owner must sell this Beautiful café, coffee shop and tea house offers an inviting atmosphere where customers can enjoy a wide selection of Espresso based drinks, coffee and tea, as well as a limited menu consisting of delicious homemade pastries, cakes, pies. This menu can be expanded for a larger income. The current owners are proud to share their passion for excellence of service & products with their loyal clientele. This fairly new business is active seven days per week, hours 9:00 am to 10:00 pm and continues to grow, improving its income. The business sale includes numerous refrigeration and freezer units, POS system, tables & chairs and various equipment required for this food business. The facility has a customer capacity for 85 customers consisting of 2,000 sq. ft., on one main floor with a full basement. The business has adequate public parking nearby to the business location. The facility has a municipal Certificate of Occupancy and food handler’s license to conduct business. The business has a long term 14 year commercial lease, 2027/01/01 with a monthly rent of $3,000, rent security $4,000. The business has a full staff of seven part time employees, unaware of the pending sale and expected to remain post closing, monthly payroll is approximately $2,500. Based on the asking price, required down payment and net income this business should supply a 27% return to the owner operator prior to debt service. This is an excellent safe business opportunity which can be sold with or without the property and owner financing is available to qualified buyer. The business sale includes numerous refrigeration and freezer units, POS system, tables & chairs and various equipment required for this food business. The facility has a customer capacity for 85 customers consisting of 2,000 sq. ft., on one main floor with a full basement. The business has adequate public parking nearby to the business location. The facility has a municipal Certificate of Occupancy and food handler’s license to conduct business. The business has a long term 14 year commercial lease, 2027/01/01 with a monthly rent of $3,000, rent security $4,000. The business has a full staff of seven part time employees, unaware of the pending sale and expected to remain post closing, monthly payroll is approximately $2,500.

Business Information

Number of Staff

6

Ownership

Yes

Any Expansion potential

Yes if needed

Reasons for selling

Business

Any Inventory / Stock value

$1,000 (included in the asking price)

Is this a home-based business

Yes

Property

Yes

Telephone

Business Location details

Essex County, New Jersey

Competition / Market

Business/Market

Trading hours

Yes

Any Support & training

Seller will supply a full transitional period and remain thirty days post closing.

Any Furniture / Fixtures

$275,000 (included in the asking price)

Any Living Accommodation

Yes

Can this business be relocated?

Yes

Is this business part of a franchise?

Yes