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Well-known Tea Room For Sale In Milton On

Not on MLS®

$140,000

in

Well-known Tea Room for sale in Milton ON

Mahamed Khan

Realtor

Listing Details

Co-op commission: 5000

Business Type: Coffee Shop and Cafe

Year established: 2014

Real estate: Leased

Financial Details

Rent: $1,500

Gross revenue: $60,000

About the Business

Competition:

There is no other business like this in or around Milton ON. Customers routinely drive in from Niagara Falls, Burlington, etc.

Growth and expansion potential:

The business currently only opens for roughly 25 hours per week and does all its revenue within that time. Morning and evening open hours would drastically drive revenue. The business is not currently using any partnerships like UberEats, SKIP, etc. These partnerships would drive take-out orders significantly.

Support and training for new ownership:

Owner will stay on for multiple months to ensure proper training of new management and will provide full support in the process.

Reason for selling:

Owner Retiring

Description

Light cooking, British tea rooms, about 700 square feet Great location in Milton, lots of free parking BUSINESS INFORMATION: • Business Established in 2014. • Providing Full Elegant High Tea Experience by Reservations Only. • Existing Daily Operating Hours of 4 to 5 hours. • Highly Profitable. • Database of Eight (8) Thousand Regular and Repeat Clients Available. Clients From Niagara Falls, Brampton, Mississauga, Oakville, Burlington, and Richmond Hill. • Sale of Business Includes All Existing China Tea Sets, Tables, Chairs, and Linens. • Seller Willing to Train. • Tremendous Opportunity to Grow. SUMMARY OF EXPENSES: • Monthly Lease - $1,500 +HST - Includes Hydro & Gas. • Insurance $700/Annum. • Miscellaneous Expenses Approximately $3,000/Annum

Video

Location & nearby

This listing is located in Milton, ON L9T 2W9

104 Tremaine Road, Milton, ON, Canada

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Mahamed Khan

Realtor
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