Successful and profitable tea shop shopping mall miami

Miami-Dade County, FL
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Asking Price:$195,000
Gross Revenue:$544,631
Rent:$4,900
Established Year:2016
Cash Flow:$76,783
Inventory:$4,000
FF&E:$70,000
BUSINESS DESCRIPTION

Successful and profitable tea shop and marketplace located at the heart of a vibrant and affluent community in Miami-Dade
County, inside a major shopping mall is available for sale. The tea shop offers Tea Gastronomy that continually draws from its
vast collection of fine harvested teas and signature blends from around the world. The tea shop also provides a marketplace
for a variety of attractive merchandise, from designer clothes and jewelry to vintage art, books, lamps, hand-made soap,
artifacts, paintings, eyewear, and collectibles, that makes the market pulsate with creativity. The tea shop and marketplace
regularly features live performances by local artists ranging from poets, comedians, singers, musicians, thespians and all
creative minds. The tea shop and marketplace also host yoga classes, TV watch parties, sporting events, board game nights
and various other shindigs. The business is operated mostly by absentee owners; should a new owner decide to operate the
business as a full-time manager, the Seller Discretionary Earnings (SDE) could increase up to approximately $112,000 (owner
benefit). The tea shop and marketplace has a Beer & wine license. The Shopping mall owners plan to redevelop part of the
mall and modernize the area where this tea shop and marketplace is located, which is expected to make the mall one of the
most attractive ones in South Florida and providing a great growth opportunity for the business in the following years. Accurate
financial records, ideal for a) Buyers seeking to be mostly an absentee owner (current scenario); b) Buyers seeking to be an
owner operator to increase owner benefit; or c) foreign Buyers seeking to obtain an investment visa as the business has 6 W-2
employees and the financial results reflect up to date tax returns.


DETAILED INFORMATION
Location
Miami-Dade County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,500
Lease Expiration
31/12/2023
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
4500 sq ft in shopping mal. Rent to be renegotiated
Support & Training
2 weeks no cost
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EUGENIO LOPEZ NEGRETE
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EUGENIO LOPEZ NEGRETE