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Brand New Contemporary Tea Lounge & Retail Store
Location: United States -> Michigan -> Ferndale
Industry: Food and Beverage > Other Food and Beverage

Business Summary

This is an excellent opportunity for someone who is looking for an owner-operated tea lounge. The buyer can assume business immediately. Fully stocked inventory. No need to train a new staff. Customer base is very loyal and growing daily. The location is 1,600 sqr feet. Extremely low rent has been locked in for 5 years with two 5-year options. Rent is only $1,200 gross (no NNN). The tea lounge comes with a sophisticated computer POS system.

This tea lounge recently opened 6 months ago and the potential for growth is very high. Public and press reception has been extremely positive. Featured on and in numerous television and magazine articles. This tea lounge is located just off the main street of town in ''restaurant row'' with lots of foot traffic. City has been designated a ''Cool City'' by the state of Michigan. Plenty of parking. City sponsors many large events that draw tens of thousands of people. Special parties, functions, mtgs, are held during off times. Retail side offers seasonal & holiday items for gifts & home decor. Owners spent two years cultivating the teas and various vendors from best of class growers and importers. Email Brad for for more information on this Tea Lounge & Retail Store business for sale.


Asking Price Range:  < $250K
Gross Revenues:   $130,000
Cash Flow:   $38,000
Cash Flow Type:  EBITDA
Inventory:  $11,000
Seller Financing:  No

About The Business

Year Established:  2005
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Will provide training of operations, alarm & ...
Reason For Selling:  Owners are young newlyweds expecting their ...

Print Listing Id: 70029153
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