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Tea Room & Restaurant For Sale

84/wk
Morris County, New Jersey, United States
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Asking Price$275,000
Revenue$295,000 EstablishedUndisclosed
Cash Flow$85,000 EmployeesUndisclosed
FF&E$110,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Tea Room / Restaurant opportunity located in a bucolic setting in Morris County, New Jersey. This beautiful Tea Room serves authentic English-style afternoon tea in a relaxed Victorian setting. The restaurant also offers weekly live Jazz entertainment. Their carefully crafted menu, extensive tea and pastry selections, impeccable service, and elegant yet cozy atmosphere, brings 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. 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. The wait staff is eager to assist and whether you want to meet with a group of friends, plan a special event, or enjoy a quiet moment with just one, this Tea Room has a table and a menu selection available. They also offer a tea emporium for that perfect gift idea. The building has a legal capacity for 80 customers consisting of 2,500 square feet. Appropriate 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 certificate of occupancy and municipal food handler’s license to serve the various food products offered. The sale includes a commercial lease with additional options, monthly rent of $3,500, $25.50 cost per square foot and rent security of $6,500. The business has gross yearly sales of $295,000 and net income of $85,000 prior to any debt service and based with on site ownership. Based on the asking price, required down payment and net income this business should supply a consistent return to the owner operator prior to debt service. Photo may not represent the particular business. Viewings are by appointment only, employees are not aware of the pending sale and photo may not represent the actual business.
Facilities:Located in a wonderful upscale community of Morris County, New Jersey and conveniently located to all major highways. The facility consists of 2,500 square feet with a seating capacity for eighty customers. The business has indoor and outdoor seating in a beautiful quaint setting.
Competition:No other similar Tea Rooms are in this county and limited competitors exist in this general area, seller will supply a non-compete agreement.
Growth Potential:The business is five years young and with continued good service and an ongoing marketing system the business will continue to develop.
Training/Support:Seller will supply a long term transitional period to the new operator and will remain post closing for sixty days.
Seller Financing:Seller financing may be available to qualified buyers.
Sale Reason:The present owner is in the educational industry.
Ad #97592
Seller Reference #REST569
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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