Business For Sale & Franchise Search Engine  
   
My Account

Businesses For Sale > Business For Sale in Redwood City, California (CA)

Downtown Redwood City Teahouse with $134,00 Net Profit in 2019 for sale in Redwood City, CA

Redwood City, California (CA)

Asking Price: Gross: Cash Flow:
$ 50,000 $ 324,314 $ 134,017

Business Summary:
RRC#: 3966
Asking Price: $50,000
Location: 901 Main Street, Redwood City CA
Annual Revenue: $324,314
Annual Cash Flow: $134,017
Monthly Rent: $5,822

Listing Description:
Lovejoy’s Tea Room, a cozy tea house located in downtown Redwood City is for sale. Lovejoy’s serves a wide variety of teas, along with finger sandwiches and assorted baked goods. Open since 2016, they were a popular site for private events for local tech companies such as Facebook prior to the pandemic. The business is poised for a comeback to pre-pandemic numbers.

The sale of this location includes the exclusive rights to purchase an additional license for an additional Lovejoy’s Tea Room in the area that includes Redwood City, San Carlos, Menlo Park, Palo Alto, and Mountain View. The sale also includes furniture and fixtures, recipes, retail inventory, inventory of food and supplies, tea service rental settings for 30, social media accounts, customer goodwill, the current owners’ goodwill, and personalized training and support (including lease negotiation consulting and employee training support).

This business offers multiple opportunities for revenue growth. Prior to the pandemic, the tea house was open to the public four days/week to accommodate the current owners’ desire for work-life balance. A new owner/operator could expand days and hours of operations, expand the retail offerings, and expand catering services and private events.

The landlord will be providing a new long term lease for a buyer at fair market value. More information available upon request.

General Information:
Organization: Sole Proprietorship
Year Established: 2016
Current Owner: Contact for Info
Employees: Contact for Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $27,026
Monthly Cash Flow: $11,168
Annual Revenue: $324,314
Annual Cash Flow: $134,017
Payroll: Contact for Info

Facilities:
Square Feet: 1,480
Seating: Contact for Info
Parking: Street and Lot Parking
Days/Hours of Operation: Wednesday - Saturday 11am-6pm

 

   
Year Business was Established: 2016
   
Number of Employees: Contact for Info  
   
Facilities / Terms of Lease: Square Feet: 1,480
Seating: Contact for Info
Parking: Street and Lot Parking
Days/Hours of Operation: Wednesday - Saturday 11am-6pm
 
   
Owner willing to train: Yes  
   
Reason for selling: Other Interests  
   
Seller Reference Number: 3966
BusinessMart.com Listing Number: 270285
 

 

To request more information
on this business
please fill out the form shown right





Businesses For Sale by City & State
Arizona
Chandler
Flagstaff
Phoenix
Scottsdale
Tempe
Tucson
California
Long Beach
Los Angeles
Orange County
Sacramento
San Diego
San Francisco
San Jose
Santa Clarita
Colorado
Aspen
Boulder
Colorado Springs
Denver
Fort Collins
Connecticut
Hartford
Washington, DC
    Florida
Boca Raton
Brevard County
Broward County
Fort Lauderdale
Fort Myers
Jacksonville
Miami
Ocala
Orlando
Palm Beach
Sarasota
Tallahassee
Tampa Bay
Georgia
Atlanta
Augusta
Savannah
Illinois
Chicago
Massachusetts
Boston
Missouri
Kansas City
St. Louis
New Jersey
Central Jersey
North Jersey
South Jersey
    New York
Albany
Bronx
Brooklyn
Kings County
Long Island
Nassau County
New York City
Queens
Staten Island
Suffolk County
Westchester County
North Carolina
Charlotte
Greensboro
Outer Banks
Raleigh / Durham
Ohio
Cincinnati
Cleveland
Columbus
Oregon
Portland
Salem
Pennsylvania
Philadelphia
Pittsburgh
Texas
Austin
Dallas
Fort Worth
Houston
San Antonio
Wisconsin
Milwaukee

Other
CANADA
UK
More Businesses For Sale
Businesses For Sale in Redwood City California
Franchises For Sale in Redwood City California
Downtown Redwood City Teahouse with $134,00 Net Profit in 2019 For Sale in Redwood City California

Businesses For Sale by Category
Restaurants For Sale in Redwood City California
Car Washes For Sale in Redwood City California
Redwood City California Laundromats For Sale
Liquor Stores For Sale in Redwood City California
Redwood City California Gas Stations For Sale
Convenience Stores For Sale in Redwood City California
Internet Business For Sale in Redwood City California
Redwood City California Nightclubs & Bars For Sale
Automotive Businesses For Sale in Redwood City California
Redwood City California Routes For Sale
Redwood City California Pet Businesses For Sale
Wholesale & Distribution Businesses For Sale in Redwood City California
Manufacturing Businesses For Sale in Redwood City California
Marinas For Sale in Redwood City California

Buying a Business Resources
Buying a Business in Redwood City California
The Advantages of Buying An Existing Business in Redwood City California
Forget The Asking Price of A Business For Sale
Getting Into Business: Downtown Redwood City Teahouse with $134,00 Net Profit in 2019
How To Value A Downtown Redwood City Teahouse with $134,00 Net Profit in 2019

 

Printer Friendly or E-mail this Listing

For more info contact:

Steve Zimmerman

Restaurant Realty Company
888-995-9701

CONTACT SELLER

Full name:*

E-Mail:*

Telephone:*

Message Text:*

Disclaimer:

We are committed to your privacy. By clicking the Check Availability button you agree the phone number you provided may be used to contact you (including autodialed or pre-recorded calls), even if you are on the DNC list. Consent is not a condition of purchase.

©2021 MH Sub I, LLC dba Internet Brands
Broker Membership | Terms Of Use | Financial Disclaimer | Privacy Policy | Cookie Policy | Resources | Franchise Opportunities | Website Traffic Ranking | Sitemap | Careers | Contact Us | Do Not Sell My Personal Information |