For Those Who Wish To Enjoy The Elegant Island Lifestyle Dial 305-292-1922
THE COFFEE & TEA HOUSE OF KEY WEST
The Coffee & Tea House of Key West (C&TH) has been in business for over 12 years now.Always located on Key West’s primary commercial street, C&TH now resides at 1211 Duval Street.This section of Duval, located approximately 2 blocks from the Atlantic Ocean, is home to a multitude of art dealers, wine bars and established restaurants.It is known as the “quiet” end of Duval Street with a brisk pedestrian volumegoing to and from their hotel rooms.
Established in 1998, the coffee shop was acquired in 2004 by its current owners.In 2008 the business was moved across the street to its present address.The C&TH holds a business license with 26 permitted seats.We have indoor, covered deck and front porch seating.The décor of the business reminds one of a traditional coffee house.
We operate the business seven days a week with open hours of 7:00 a.m. to 7:00 p.m.Our clientele is primarily local residents who consider the coffee house as ‘their’ clubhouse.The ‘regulars’ business is seriously augmented by tourists (‘snowbirds’, cruise ship passengers and hotel guests).In the 1300 block of Duval Street sits the Key West Butterfly Conservatory.This tourist attraction is one of Key West’s most heavily promoted destinations and draws hundreds of tourists daily to its doors.Needless to say, we benefit from the heavy foot traffic to this attraction and to others such as the Southernmost Point (2 blocks), South Beach and hundreds of hotel, guest house, condoteland rental rooms immediately adjacent to us.
Our product offerings are typical of a traditional coffee house:Espresso, Lattes, Cappuccinos, Mocha’s, Brewed Coffees, and, Specialty Hot & Iced Teas.We secure our coffee beans from a small, family owned roaster in the Miami area with a family coffee plantation in Columbia.We have used the same roaster since our founding.Our tea comes from an established fine tea purveyor located in Oregon.
We do no cooking or baking in our shop.Our manager (one of the original owners) does some home baking (coffee cakes, lemon squares & biscotti) in her home.The balance of our baked goods offerings comes from the foodservice industry.We do a vigorous morning business in bagels.Our supplier is a local delicatessen that bakes them daily and delivers them warm to us.We offer toasting and a wide assortment of toppings (cream cheese, tomatoes, cheese, nova spread, etc.) We have a self-serve refrigerated display for pie & cake slices as well as yogurt and fresh squeezed orange juice.
Our further baked goods are such items as danishes, muffins, cinnamon rolls, scones, and, sticky buns.These items are prominently displayed in a lighted bakery display case.
We have a relationship with Pepsi who provides a refrigerated display case for their products.This case is located immediately by the front door and entices hot, thirsty tourists to stop in for a cold drink during our very warm summers.
Newspapers are a staple product for us.We offer our local papers as might be expected but our big seller is The New York Times.Additionally, we offer The Wall Street Journal and several other New York based papers.These papers are a drawing card for customers to secure their favorite newspaper and have a cup of coffee at the same time.
Lastly, we offer a few curio items such as local art products and a selection of books written by local writers.
The coffee house employs six employees.All are hourly compensated plus tips.The C&TH does not account for their tips.With one exception, the C&TH offers no benefits to its employees.The exception is the Manager who receives a monthly stipend to go towards the cost of her healthcare insurance.Payroll services are provided by Paychex.Payroll checks are issued weekly.Workman’s Compensation Insurance is provided by The Hartford through Paychex.All payroll taxes are calculated and remitted on our behalf by Paychex.
We offer charge card services for our customers.All cards are honored with the exception of American Express.Merchant Services are through First State Bank of the Florida Keys.
We have a special arrangement with our coffee roaster regarding the unique espresso equipment.In exchange for the roaster being our exclusive source of coffee beans (we spend over $25,000/year with them) they provide two espresso machines and two espresso bean grinders without charge to us.Additionally, they provide any required service/maintenance on the machines without charge.
“The Coffee and Tea House of Key West” is a d/b/a of Solares Coffee LLC, a duly registered Florida company.The assumed name will be conveyed as one of the company’s assets in the sale.
Our quarters at 1211 Duval Street are leased from Peter Wagner.The current lease expires on September 1, 2013.We have an option to renew the lease for an additional five years.While the document stipulates that the lease may not be assigned or sublet, Peter Wagner has agreed to allow an assignment to an appropriate party.
Please note that the large, original oil painting of the Coffee House that hangs over the condiment table does not convey.
The Taporowski Team Realty Executives 507B South Street, Key West 305-292-1922