Address
City: Simsbury
State: Connecticut
Postal Code: 06070
Country: United States
Business facts
Estimated annual revenue~$300.5K
Estimated employees~4
Estimate based on strong signals
Area statistics (06070)
Population15,023
Median household income$144,375
Source: US Census ACS
About
Tea Method is located in Simsbury, Connecticut. This business is working in the following industry: Bakeries.
💳
Credit Cards
Debit Card, NFC
🍽️
Dining Options
Delivery, Take-out
📖
Menus
Coffee
🚻
Restroom
Yes
♿
Wheelchair Accessible
Parking, Yes
Market analysis
Earning below its category median in a growing category (Bakeries).
EstimateCategory trend: 2024, +3.3%
Revenue trend (modeled)
~$191.1K2019
~$187.1K2020
~$228.0K2021
~$246.0K2022
~$289.4K2023
~$300.5K2024
Modeled from official industry statistics+9.5%/yr since 201980% confidence band: ±51%
Property
Lot size8,712 sq ft
ZoningSCZ
CountyCapitol_planning_region
Parcel ownerTEA METHOD LLC
Assessed value$185.7K
Last sale$360.0K (8/23/2023 12:00:00 AM)
On this lotshared with 3 other businesses
ObservedPublic assessor / cadastre record
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Bakeries in Connecticut | 1,723 | ~$1.6B | ~$929.4K | ~$447.4K | 4.2★ | 0.7× |
Category revenue trend2024: +3.3%2023: +4.8%2022: +18.6%2021: +8.0%Modeled from business-level estimates
Chain pressure21 chains expanding in this category, led by Walmart Deli, Your CBD Store - Monroe, CT, Whole Foods Bakery (+390 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) | 199 | ~$232.3M | ~$1.2M | ~$452.9K | 998 | ~$85.8M | 0.7× |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 23 | ~$28.5M | ~$1.2M | — | 59 | — | — |
1 km area (all businesses): median from the 167 of 199 businesses with estimates
Estimate
Area conditions (06070)
Population15,023 ±861
Median household income$144,375 ±$11,122
Median home value$393,800
Bachelor's degree or higher0.7%
Unemployment rate0.1%
Source: US Census ACS