UA-80109592-1

Charming Tea Room or Second Gen Restaurant w Hood

Listing Number: 6401-285628

Description

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.

Listing Details

  • Price: $72,500
  • Down Payment: $50,500
  • Sellers Discretionary Earnings: $33,172
  • Total Sales: $247,628
  • Location: Palm Beach County, Florida

  • Inventory: $22,000
  • FF&E: $50,000
  • Employees: 8
  • Year Established: 2000
  • Reason for Selling: Retirement
  • Category: Restaurants
Charming Tea Room or Second Gen Restaurant w Hood

Business Listed By:

Erin Crawford