Learn about the coffee shop business and how to open your own coffee shop. The international business is an increasingly important part of the business for these chains. For example, Starbucks reported having 5, coffee shop locations mostly licensed outside the U.
How much does it cost to open a coffee shop? Do I need a coffee shop business plan?
Your costs will depend upon the type of coffee shop you want to open, the costs of retail space in your community and many other variables. Here are some ranges for the costs of opening various types of coffee businesses: If you already own a suitable building or have a complementary business such as a bakery, your costs might be much lower.
In addition to start-up costs, you should have cash on hand to cover all of your operating expenses for the first six months.
Here is a brief list of costs to consider when opening a coffee shop, and some recommended maximums: Rent and build-out costs for your chosen location.
As a rule, rent should be no more than 15 percent of projected sales. Coffee Shop Equipmentincluding a top-of-the-line espresso machine, espresso and coffee grinders, blenders, gourmet drip coffee brewers, refrigerator, etc.
Coffeemilk, chocolate, syrups and other drink ingredients as well as pastries, muffins and other baked goods, which should be no more than 40 percent of projected sales.
Professional fees for architects, attorneys, accountants and business consultants. As a rule of thumb, payroll costs should be 35 percent or less of sales.
Principal and interest costs if you plan to borrow money. Income taxes usually about 35 percent of operating profit. Other expenses, including business insurance, supplies napkins, stir sticks, porcelain cups, etc. Hundreds of independent coffee shops across the USA have used Seven Steps to Success in the Specialty Coffee Industry as their guide to opening a successful coffee shop.
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Based in Seattle, WA., Coffee Shop Startups is dedicated to providing you the most relevant information on how to start a coffee shop business successfully.
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If you’re dreaming of opening a coffee shop, the two questions you’re probably asking yourself are: How much does it cost to open a coffee shop?Do I need a coffee shop business plan?. There’s no hard and fast answer on how much it costs to start a coffee shop. Your costs will depend upon the type of coffee shop you want to open, the .
Once you’ve finalized your coffee shop equipment list, you’re free to focus on the other things that make or break a coffee shop business: selecting your cashiers and baristas, designing your store and merchandise, creating a recognizable brand, and choosing your products carefully.