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San Diego

  • Listing No.: 106-15332

  • Category: Food - Coffee, Leisure/Entertainment

Asking Price $200,000
Down Payment $0
Gross Revenue $232,000
Total Adjusted Net Income $27,000
Equipment/Fixtures $50,000
Year Established 2012
General Location San Diego
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Turnkey business; tea house and bakery and tea sales:  Located at one of San Diego’s iconic locations popular with locals and visitors.  Seller has operated the business for 7 years profitably and wants to retire.  Business comes with fully equipped kitchen for all baking needs.  Included also are gorgeous China tea service settings, dining table and chairs in a beautifully restored Victorian mansion.  Business hours and days open can be expanded for increased revenue and profits. Due to owners age and health issues, business hours are daytime and only 4 day weekends.

Gross Revenue $232,000 Listed Price $200,000
Total Income $27,000 Down Payment $0
Base Rent $0 Square Feet 2000
Total Rent $1,200 Lease Expiration 1/2033
Rent Deposit $0 Lease Options
Inventory $5,000 Leasehold Improvements $20,000
Equipment/ Fixtures $50,000 Other Assets
Full-Time Employees 4 Training Period 2 weeks
Part-Time Employees 1 Special License Required Food Handler's, Environmental Control
Contract Staff 1 Reason for Selling Health and Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.