Charming Tea Room or Second Gen Restaurant w Hood

Not Disclosed, FL
Palm Beach County


Asking Price: Annual Revenue:
$72,500 $237,044

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Charming Tea Room or Second Gen Restaurant w Hood Broker: Erin Crawford
Owner Financing is Available!
Loan/Seller - Amount: $22,000 Months: 24 Rate: 5.00% Monthly Payment: $965.17

Quick Facts

Asking Price: $72,500
Annual Revenue: $237,044
Net Profit: Not Disclosed
Cash Flow: $18,471
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 8
BBN Listing #: 2800630
Broker Reference #: 6401285628

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Business Overview:

Second Generation Fully Equipped Restaurant or keep as Tea house open five days for lunch with retail shop established for 19 years, in current location four years. Husband and wife team operate this quaint and charming place. Owners are ready to retire and pass along the operation or sell as an asset sale. Fully equipped kitchen includes 8-foot hood and gas stove (maintained but not used!), dishwasher, walk-in (needs repair), beautifully built out bar. Seating for up to 80. Private parties hosted on Sundays. Inventory built into asking price can be sold on consignment or in seller's note. Financials show for replacing husband (currently non-paid) at $10/hour with employee. The space was originally built-out for a farm to table full-service restaurant excellent layout. Owners relocated their established tearoom operation into the current space in 2015. Italian restaurant in plaza already, so all other concepts could work. 2019 financials for Jan-Apr. Please refer to listing 6401285628, business broker Erin Crawford, when you inquire about this listing.

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Property Features and Assets:

Lease/Month: $5,000; Square Footage: 2,400; Building Type: Restaurant; Terms & Options: 2 @ 5 year; Expiration Date: 2/28/2021.

Market Competition and Expansion:

Non Compete : Miles: 30 Years: 3

Reason for Selling:

Retirement

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.

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