| Asking Price |
$69,500 | Inventory |
$1,000* |
|---|---|---|---|
| Gross Income |
$128,000 | Real Estate |
|
| Cash Flow |
Not Disclosed | Year Established | 1 |
| FF&E |
$35,000* | Employees | 5 Part-Time |
* included in the asking price
** not included in the asking price
This treasure in Portage Lakes in the #1 rated Tea Room in Ohio, and the only Tea room in Ohio to be in the top 100 In the USA. Fresh made cuisine prepared by the in-house chef assures high quality & low food costs (less than 26%). Seats 92 comfortably, has an integrated gift shop featuring Collectibles & Antiques to browse through, all set in a delightful "Old South" atmosphere. The hard work has already been done for you. Now it's time for you to have fun & enjoy the growing number of loyal patrons who come to this fine establishment. Visit website for pictures & more info at www.southerngardenstearoom.com
Facilities: This Tea Room/Party Center seats 92 comfortably in the 3200 sq.ft. facility with a well equipped kitchen. There also is a 3200 sq.ft. basement. There is a 3 year assumable lease. Rent is $1600/mo with two months free move in allowance. The business also houses a gift shop featuring collectibles & antiques. There are 120 spaces to park cars.
Competition: Nearest competition is over 20 miles away. This business was voted the #1 Tea Room in Ohio and in the top 100 in the USA, some accomplishment!
Growth/Expansion: There is great potential for growth and expansion as a party center and expanding their existing catering. They already cater weddings & parties and have bookings through December '09. Current hours are Monday-Saturday 11am-4pm with Sundays as a booking day.
Support/Training: Seller will stay to train as needed, and several key employees will stay on as well
Reason Selling: Owner is moving Back to Georgia to take care of business interests

John Jahant
330-328-4126
Lazarus Financial Group
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