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Restaurant Tea Room

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $275000
Net Profit / Cash Flow  $75000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2009
Number of Employees  4 - 5
Inventory  125000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will supply a long term transitional period to the new operator and will remain post closing for sixty days.
Reason for Sale  Absentee and owner cannot devote the required time.
Description  Profitable English style Tea Room & restaurant located in a bucolic setting in Northern NJ. This beautiful Tea Room serves authentic English-style afternoon tea in a relaxed Victorian setting. The restaurant also offers weekly live entertainment. The business has a yearly gross income of $295,000 and a consistent net income to the owner operator. Their carefully crafted menu, extensive tea and pastry selections, impeccable service, and elegant yet cozy atmosphere, bring the best of tea etiquette to your afternoon tea experience. Each menu item is based on the freshest ingredients available, and they make sure to offer their favorites that their patrons have grown accustomed to: delicious scones baked on-site, freshly prepared finger sandwiches, and a full array of delectable pastries like Linzer tortes and pear tarts. The tea room patrons are also able to enjoy English trifle prepared daily. They offer more than forty select teas and all the tea is loose leaf to assure absolute freshness at every serving and the chef's specials appear on the menu weekly. The sale includes a commercial kitchen, refrigeration and freezers, POS computer system, numerous displays, and fully decorated restaurant, etc. The building has a legal capacity for 50 customers consisting of 2,500 square feet. Adequate private parking is part of the lease and available at this location. The business is active five days per week, Wed to Sunday, hours 11:00 am to 5:00 pm. The business has a municipal food handler's license to service food products. The sale includes a three year lease term plus options, monthly rent of $2,600. They can help you plan your next event with a specialized tea party and their special event planner will help answer questions and work out all the important details.
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