Prosperous Tea Room and Unique Specialty Restaurant

San Diego County, CA

Seller Financing Available
Prosperous Tea Room and Unique Specialty Restaurant

Asking Price:$280,000

Cash Flow:$127,481

Gross Revenue:$427,336





Prosperous Tea Room and Unique Specialty Restaurant

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Business Description

Are you looking for a turn-key business that has a fabulous reputation and loyal following? This Tea Room and Specialty Restaurant offers private parties and individual reservations. It has a unique business concept and a must see to fully appreciate the opportunity. Walk into a wonderland of antique furnishings and fine china with a capacity for 80 guests. There are similar types of Tea Rooms throughout the country and the owners developed their concept 14 years ago while receiving national recognition. It's perfect for special events such as bridal and baby showers, wedding dinners, birthdays and anniversaries. A "Mad Hatter's Tea Party" is especially fun here. Mother's Day and the weeks before and after Thanksgiving and Christmas are fully reserved. In addition to food service, there is an additional income stream from sales of collectables and gift items. Many ways to increase income include opening more days per week, more hours, and possibly adding champagne for special events. The business is only open afternoons five days a week with the owner's semi-absentee putting in only 20 hours a week. The business is employee run with a full staff of long-term happy employee's cable of running the business. The manager handles details and allows owners that are ready to retire lots of free time.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This is a leased location of 2,200 square feet with a Total Rent of $2,950. Seller is active in the business with 10PT employees. Hours of operation are 10:30am-4pm Wed-Sun. $30,000 in Inventory and $40,000 in FF&E included in Asking Price. $150,000 made in Leasehold Improvements.
Down Payment of $225,000; Balance to be paid over 24 months at 6% interest
Support & Training:
2 weeks
Reason for Selling:
Retirement and Medical Issues

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Maggie Pound

Business Listed By:
Maggie Pound

First Choice Business Brokers San Diego

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