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Tea House/Cafe In Manhattan For Sale

New York City, New York
Asking Price:
$110,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
$100K - $250K (USD)

This store is currently a tea house that is located in Manhattan.

Prime location and great foot traffic, perfect for tea houses, dessert spots, cafes and etc.
Newly renovated in a year with 700+ square feet and 1100+ square feet basement for storage.

Due to the partnerships problem, need to sell it as soon as possible.

Asking for $110,000 and the price is negotiable with potential buyers.

If interested, please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

7 years lease left with 3% escalation of rent, property tax included.

Leasehold Rent:

$88,800 (USD) per annum

Location:

Very busy foot traffic, facing a high activities park with playground, soccer, and handball field. Next to one of the busiest train station in the city. More than three schools within walking distance and many new apartments and condos surrounded.

Size in square feet:
700

Business Operation

Expansion Potential:

Lower East Side is shifting to a new market with many new apartments and condos in the area. Young professionals are moving into the neighborhood and give it a very good potential to build loyal customers base with already exited regulars.

Competition / Market:

A couple of restaurants and drinks store on the same street

Reasons for selling:

Partners have arguments and the main shareholder is leaving the country.

Trading hours:

11:00 am to 10:00 pm, Monday - Sunday

Employees:
2
Years established:
One yaer and a Half

Other Information

Support & training:

Offer operating training and any receipts if needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Buyers can pay half of the price and pay the rest in 12 months with a negotiable low fixed rate.

Furniture / Fixtures value:
$35,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price

Contact Information

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