Akwaaba Tea Room

B&B maven Monique is finishing renovations to open Akwaaba Tea Room!

Claim My Business
Expected Close Date
June 22, 2023
Target Raise
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

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.
Amount Raised : $75,293
Reveal the Score by Voting
Not enough ratings to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.

Research Reports

No reports have been submitted

Become a Reporter