Quaint Restaurant & Tearoom
Location Connecticut,United States
Asking Price Range < $250K
Gross Revenues $261000
Net Profit / Cash Flow $37580
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2001
Number of Employees 4 - 5
Inventory 25000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Yes
Reason for Sale Health
Description Featured on The Food Network.
For Sale $130,000.
2003 Sales ~$262,000.
Net Benefit To Owner $37,580.
Market & Customers:
- Located in historical downtown area on busy street near railroad station.
- Seats 48 (Buffets seats more.)
Products:
- Unique tea theme and eclectic menu.
Operation:
- Turnkey operation with everything included.
- All new three years ago: electric, plumbing, walls, ceilings, fixtures, walk-in cooler, other equipment.
- Nicely decorated and well maintained.
- 2,685 square feet.
- New three-year lease. Currently $2,200/month. Includes parking and water.
- Open Tuesday-Saturday for lunch only. Only open for dinner on Friday.
- Some private parties during non-operating hours.
- 10 employees (mostly PT). The head chef and prep cook work very well together. Some of the wait staff has been with the business since it opened.
Financials:
- Sales
2003 $261,824.
2002 $296,000.
2001 $160,000*
Note: *Founded in 2001. Six months of sales.
Reason For Sale:
- Health.
Click Here To Contact Seller
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