Well established tea shop incl. e-commerce, now on new platform.
Minneapolis, MN
| Asking Price: | $25,000 |
| Inventory: | $14,000 |
| FF&E: | $36,000 |
| Gross Revenue: | $60,000 |
| Rent: | $13,980/Year |
| Established Year: | 2007 |
Listing ID: 2114653Listing provided by BizBuySell
BUSINESS DESCRIPTION
Our shop is focused on sustainability and carry mostly organic and (where we can) fair trade teas. We have a well established repeat customer base, online as well as in shop.
DETAILED INFORMATION
Location
Minneapolis, MN
Inventory
Included in asking price
Real Estate
Leased
Building SF
300
Lease Expiration
31/05/2025
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Sale price includes new website, brand name and entire shop furnishings including, coat rack, sink, display shelves, counter, storage shelves, tea making equipment, fridge and ice maker, computer and point of sale software & inventory,supplies. Remaining time on lease to be paid by buyer. (transfer of lease requires landlord’s permission)
Competition
We sell about 200 different loose teas and tea accessories, also make tea to go. Our sales are still down 30% compared to pre-COVID levels but sales have increased 30% in 2023 compared to 2021. The good news is downtown Minneapolis is recovering.
Growth & Expansion
We started to sell loose tea to local restaurants, which has a considerable growth potential going forward.
Support & Training
80 hours of training included in sales price.
Reason for Selling
Would like to retire and will consider any reasonable offer.
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