970 - Tea House & Retail Store - OFF MARKET
This is a tea house and retail store featuring teas and accessories from all over the world. The store exudes relaxation and comfort! Whether you visit to enjoy a cup of tea or to purchase any of their products, you will be delighted by this quaint tea house.
A new owner could change it from a tea house as this location in the center of a very trendy area is ideal for many concepts!
This opportunity will not last long – contact Chris to arrange a showing ASAP!
Gross sales: $200,000 per year (average $15,000 per month)
Size in sq. ft.: 770 sq. ft. up and 784 sq. ft. down
No. of Seats: 30 plus patio
Number of Parking Stalls: 10 plus on-street
Style of cuisine: Teas, other beverages; sandwiches; baked goods
Customer Demographics: Wide range of ages; business people; millennials to 80-year-olds!
Type of service: Counter
Hours of operation: 10 am – 9 pm; 7 days a week
Number of employees: 6 with 2 full-time and 4 part-time
Rate per sq. ft.: $2,300 up and $980 down per month; all-in $3,800 per month
C.A.M.: Included in above monthly amount
Lease Term: 2 ½ years left
Option Periods: One 5-year option
Deposit held by Lessor: 2 Months
Financing: Treat as clear title