Slippery Slope: Two Down on 7th Ave.
The big news in Slopeland today is that Tea Lounge is closing its location on 7th Avenue. The coffeehouse is calling it quits because its landlord wants to double its rent, according to a story in the Brooklyn Paper. Tea Lounge opened on 7th Ave. and 10th Street in 2001. The business isn’t the only…
The big news in Slopeland today is that Tea Lounge is closing its location on 7th Avenue. The coffeehouse is calling it quits because its landlord wants to double its rent, according to a story in the Brooklyn Paper. Tea Lounge opened on 7th Ave. and 10th Street in 2001. The business isn’t the only one saying sayanora to the South Slope: five blocks down, the crafts store Greenjeans is also clearing out. According to a post on the shop’s blog, the sustainable-wares store is “in the process of looking for a new location that will provide us with more space, more foot traffic, and greater accessibility.” Greenjeans has occupied a storefront on 7th Avenue between 15th and 16th streets for a little over three years, and it’s going to keep selling stuff through its website and at the Flea until it finds a new bricks-and-mortar location.
Tea Lounge to close in July! [Brooklyn Paper]
Greenjeans is Moving [Greenjeans]
Photo of Tea Lounge from Tea Muse.
$2500 is a little high for the area. Rent for 275sq ft on 7th should be around $90/sq foot…or in your case around $2075/month. The yearly increase of 5% can be negotiated and so can the rent. I am sure that the landlord does not have a lot of interest in a space thats only 275sq ft. Also demand at least 7 years on the lease. Like you said, its not worth all the work and the initial investment if you have to leave in 3 yrs. Depending on the buisness I will give out a 12 year lease. This is in prime pk slope.
I’m interested in opening a shop in Park Slope and recently looked at a 275 sq. foot space on 7th Avenue (with no storage space mind you) Just to give you an idea of the rent – they are asking $2,500 for the space. You figure that each year the rent will increase by at least 5%, and on top of that you have to pay a broker 10-12% of the year’s rent. After all these fees, there really is very little room to make a profit. Most landlords in Park Slope will not even sign a lease beyond 3 years, so essentially after 3 years they can double the rent and all your hard work goes out the window when you are forced to leave.
Zilli is great. I love that place. It’s beautiful, foods are good, and people are always nice.
As for Tea Lounge I think all the people who goes there is now kids and moms and that drove other people away. They stay long with a cup of tea, and they cannot sustain themselves that way.
I love all the people commenting on how 5k a month is such a good deal and how the retailers should be so grateful. How would any of you, after working seven days a week for ten years, have your income reduced by half? 5k! funny till YOU are writing the check! and the rent is only one small aspect of the business. there’s labor and taxes and oh boy if you can afford health insurance. people on this site are so goddamn judgmental. I say kudos to all the retailers out there with a vision and a dream. So all you judgemental fatties (and you know who you are)are about to have your judgemental dreams come true…a Dunkin Doughnuts on every corner.
Maybe a location of babycakes? Their stuff is equally as good as Magnolia and you KNOW PS parents would go mad for allergen-free baked goods.
IMHO, the 7th ave location of Tea Lounge was way better than the union st one, if only for the fact that there were fewer babies there. But Gorrilla still makes better coffee. And Ozzie’s charges for internet, which is lame.
Rare Device closed last week, a couple of doors down from Greenjeans. I used to sell my work there. The reason had more to do with the owner struggling to keep a shop open on each coast. But the lack of foot traffic could have been a factor too.
Agreed, Zilli isn’t great. The food isn’t good. They really struggled a long time first with a horrible name (remember “Comfort Zone”?) and things like charging for each refill of coffee for sit-down diners who did order food. They couldn’t figure out if they were Starbucks or a restaurant. Nobody went there. The only thing that saved them from disaster other than finally changing the name, was getting a liquor license.
that place on 5th isn’t great. i’ve tried it.
nothing like the good hookah places in the east village, in my opinion…
thanks though.
> if a hookah bar opened in park slope, i’d go every week…
Zilli on 5th Avenue has hookahs:
– http://www.zillibarlounge.com/
“Zilli provides its guests with a cozy and comfortable lounge area, as well as a beautiful patio, where you can enjoy the many flavors of Hookah.
Come in and enjoy the wide variety of Turkish Pides (“pizzas”), Sis Kebabs, Pastries, Desserts, Fine Coffees and Teas, as well as our Full Liquor Bar.”