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Categories
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Restaurants
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Location
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PHILADELPHIA, PA
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Expected Close Date
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June 22, 2023
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Target Raise
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$60.00K-$100.00K
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Company Description
Opening just a block away from Akwaaba Bed & Breakfast in Philadelphia, the Akwaaba Tea Room & Event Space will be open for elegant High Tea by reservation Fridays, Saturdays and Sundays. Offering “90 Minutes of Pure Indulgence” with three seatings each day, the stylish tea salon will be a calming place where friends, multi-generational family members and those celebrating special life moments can savor a fine pot of tea while enjoying artistic finger sandwiches and savories, as well as scones and decadent miniature desserts, all served on signature three-tier trays. This selection—The Baring—is priced at $44pp. The Lancaster also includes soup and salad for $50pp. To start, we conservatively expect to serve 24 guests each seating, for a total of 72 guests daily with average sales of $3,500.
Key Deal Facts
Owner Monique operates successful Bed & Breakfast Inns in Philadelphia, Brooklyn and Pennsylvania’s Pocono Mountains. The Akwaaba Tea Room will be her latest venture, just down the street from the Philadelphia B&B., Monique built and grew the business over a 28-year operating history. Today, the business generates well over $1M in annual revenue, has no existing business debt, and is profitable., Monique was selected by the Association of Independent Lodging Professionals as "Visionary of the Year" in 2018. She has authored two books, including the bestseller "Having What Matters: The Black Woman's Guide to Creating the Life You Really Want" (Harper Collins). She was also the star of her own reality show called "Checked Inn" on Oprah Winfrey's network OWN., Community Challenge: Once this campaign receives 5 investments, Equity Squared (PHL), an impact investing organization will commit to invest a total of $25,000 in the campaign.