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970 – Tea House & Retail Store – $74,900

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This is a tea house and retail store featuring teas and accessories from all over the world. The store exudes relaxation and comfort! Whether you visit to enjoy a cup of tea or to purchase any of their products, you will be delighted by this quaint tea house.                                                           

A new owner could change it from a tea house as this location in the center of a very trendy area is ideal for many concepts!

Sales: Gross sales: $200,000 per year (average $15,000 per month)

Size in sq. ft. 770 sq. ft. up and 784 sq. ft. downstairs

No. of Seats: 30 plus patio

Number of parking stalls: 10 plus on-street

Financing: Treat as clear title

Style of cuisine: Teas and other beverages; sandwiches; baked goods

Customer Demographics: Wide range of ages; business people; millennials to 80 year olds!

Type of service: Counter

Hours of operation:
10 am – 9 pm; 7 days a week

Number of employees: 6 with 2 full-time and 4 part-time

Leasing information:

Rate per sq. ft. $2,300 up and $980 down; gross monthly rent approx. $3,800 which includes rent, CAM and GST.
C.A.M. Included in above monthly amount
Lease Term: 2.5 years left             Option periods: One 5-year option
Deposit held by Lessor: 2 months


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