Method Cafe
16 Lombardy St First Floor, Newark, NJ 07102
Newark, New Jersey, United States
Address
City: Newark
Neighborhood: Central Ward
State: New Jersey
Postal Code: 07102
Country: United States
Business facts
Estimated annual revenue~$327.5K
Estimated employees~5
In business since2022 (est.)
Estimate based on strong signals
Area statistics (07102)
Population13,506
Median household income$35,515
Source: US Census ACS
About
Method Cafe is located in Newark, New Jersey. This business is working in the following industry: Cafes.
🍴
Catering
Yes
💳
Credit Cards
Debit Card, NFC, Yes
🍽️
Dining Options
Delivery, Take-out
ℹ️
Diversity Management
Woman Led
👶
Good For Kids
Yes
🏳️🌈
LGBTQ Friendly
Yes
📖
Menus
Bar Snacks, Breakfast, Coffee, Dessert, Dinner, Lunch
🎵
Music
Live Music
📅
Reservations
Yes
🚻
Restroom
Yes
♿
Wheelchair Accessible
Restroom, Yes
📶
Wi-Fi
Yes
Market analysis
Earning below its category median in a growing category (Cafes).
EstimateCategory trend: 2024, +4.1%
Revenue trend (modeled)
~$224.2K2019
~$176.8K2020
~$226.1K2021
~$269.3K2022
~$312.6K2023
~$327.5K2024
Modeled from official industry statistics+7.9%/yr since 201980% confidence band: ±42%
Property
Lot size2.39 acres
Land use15F
CountyEssex
On this lotshared with 2,275 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Cafes in New Jersey | 3,065 | ~$1.6B | ~$536.3K | ~$409.2K | 4.4★ | 0.8× |
Category revenue trend2024: +4.1%2023: +7.6%2022: +14.8%2021: +22.3%Modeled from business-level estimates
Chain pressure461 chains expanding in this category, led by Dunkin, Wawa, Starbucks (+2,440 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 2,185 | ~$4.3B | ~$2.0M | ~$902.3K | 15,891 | ~$1.4B | 0.4× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 342 | ~$773.1M | ~$2.3M | — | 1,403 | — | — |
| Accommodation and food service activities | 227 | ~$305.8M | ~$1.3M | — | 2,143 | — | — |
1 km area (all businesses): median from the 1,636 of 2,185 businesses with estimates
Estimate
Area conditions (07102)
Population13,506 ±1,105
Median household income$35,515 ±$9,038
Median home value$368,400
Bachelor's degree or higher0.3%
Unemployment rate0.1%
Source: US Census ACS