Listing Number: 6842-216792
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Alice's Tea Cup is one of New York's best-known and successful restaurant brands and this is your chance to own Alice’s Tea Cup Chapter ii, their Midtown East/Upper East Side location as their first franchisee.
Founded in 2001 by sisters Haley and Lauren Fox, Alice’s Tea Cup strives to provide an unparalleled, magical experience for their guests, with no shortage of scones, tea sandwiches, hundreds of teas, and most importantly…fairy dust! Alice’s Tea Cup is a landmark New York City restaurant where every day is a tea party.
Housed in two stories of a brownstone just off Lexington Avenue and a few blocks from Bloomingdales, Chapter ii is Alice’s Tea Cup’s largest store. This is one of New York’s highest pedestrian traffic neighborhoods and is accessible by a variety of subway and bus lines. ATC Chapter ii consists of a main dining room and three options for private event spaces: The Looking Glass Room, which seats parties of 15 to 25 guests; the Looking Glass and Fairy Rooms, which seat parties of 26 to 35 guests; and the entire top floor, which seats parties of 36 to 50 guests.
Alice’s Tea Cup features a creative, plentiful menu including incredible sweet treats, breakfast, sandwiches salads and more, plus Alice’s famous Mad Hatter, a delicious tower scones, sandwiches, cookies and, of course, tea. Each item is made to order to ensure that it is the freshest (and tastiest) possible. Beverages wine and teas from all over the world, each of which is brewed to perfection. Open daily for breakfast, lunch, dinner and weekend brunch from 8:00am to 8:00pm.
Lease: Approximately 2,000 square feet (1,000 ground & 1,000 second floor) plus basement storage & prep space. Rent is $26,250/month, plus real estate taxes. Two years remain on the lease plus a five-year option.
The Transaction: This will be an asset sale. This opportunity is offered at $560,000.
- Price: $560,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $250,822
- Total Sales: $1,973,220
- Location: New York County, New York
- Inventory: $10,000
- FF&E: $70,000
- Employees: 26
- Reason for Selling: Turning the Alice's Tea Cup restaurant chain into a franchise.
- Category: Restaurants