Downtown Redwood City Teahouse with $134,00 Profit

Redwood City, CA
San Mateo County

901 Main Street, Redwood City CA


Asking Price: Annual Revenue:
$50,000 $324,314

Food & Beverage: Coffee, Cafe, Dessert


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RE: Downtown Redwood City Teahouse with $134,00 Profit Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $50,000
Annual Revenue: $324,314
Net Profit: Not Disclosed
Cash Flow: $134,017
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: Not Disclosed
BBN Listing #: 874211533
Broker Reference #: 3966

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Business Overview:

Downtown Redwood City Teahouse with $134,00 Net Profit in 2019

RRC#: 3966
Asking Price: $50,000
Location: 901 Main Street, Redwood City CA
Annual Revenue: $324,314
Annual Cash Flow: $134,017
Monthly Rent: $5,822

Listing Description:
Lovejoy’s Tea Room, a cozy tea house located in downtown Redwood City is for sale. Lovejoy’s serves a wide variety of teas, along with finger sandwiches and assorted baked goods. Open since 2016, they were a popular site for private events for local tech companies such as Facebook prior to the pandemic. The business is poised for a comeback to pre-pandemic numbers.

The sale of this location includes the exclusive rights to purchase an additional license for an additional Lovejoy’s Tea Room in the area that includes Redwood City, San Carlos, Menlo Park, Palo Alto, and Mountain View. The sale also includes furniture and fixtures, recipes, retail inventory, inventory of food and supplies, tea service rental settings for 30, social media accounts, customer goodwill, the current owners’ goodwill, and personalized training and support (including lease negotiation consulting and employee training support).

This business offers multiple opportunities for revenue growth. Prior to the pandemic, the tea house was open to the public four days/week to accommodate the current owners’ desire for work-life balance. A new owner/operator could expand days and hours of operations, expand the retail offerings, and expand catering services and private events.

The landlord will be providing a new long term lease for a buyer at fair market value. More information available upon request.

General Information:
Organization: Sole Proprietorship
Year Established: 2016
Current Owner: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $27,026
Monthly Cash Flow: $11,168
Annual Revenue: $324,314
Annual Cash Flow: $134,017
Payroll: Contact for Info

Facilities:
Square Feet: 1,480
Seating: Contact for Info
Parking: Street and Lot Parking
Days/Hours of Operation: Wednesday - Saturday 11am-6pm

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 1,480 Seating: Contact for Info Parking: Street and Lot Parking

Reason for Selling:

Other Interests

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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