Coffee Shop Business Plan
A coffee shop business plan is what you need if you are thinking
of starting your own coffee shop. Coffee is in big demand all
over the world - in fact, it is the second greatest revenue
generating product in international commerce, next only to
petroleum. A coffee shop business can therefore be very
lucrative - but only if you do it right. If you don't, it'll
only be a waste of your time, resources and money, and a setback
for your dreams. So a comprehensive coffee shop business plan
would help you to do things right from the very beginning.
Or perhaps you already own a coffee shop, and are wondering what
you can do to boost sales. Or maybe you want to buy an already
existing coffee business, and want to make sure that you run it
right. You might even want to add a coffee angle to your
existing business. Whatever your purpose, however you may want
to become involved with the coffee business, you'll most likely
want to have a coffee shop business plan in place before taking
the first step.
There are certain vital questions to be considered. Will it be
really worth it? Will you have adequate resources to see it
through till you succeed? There are hundreds of varieties of
coffee and coffee-based drinks; what drinks should you make?
What equipment should you buy? What kind of location should you
look for? Do you go it independent, or do you get a franchise
from some big player? In short, you don't know too many things
about the coffee business; where do you start? All reasons to
have a Coffee Shop Business Plan in place.
First, you need to think about finance. Either you take a loan
from the bank or you impress investors so they buy a stake in
your business. In either case, you need to write an informed,
coherent coffee shop business plan. This should include what you
intend to do, how you intend to implement it, what kind of
startup finances you need, what level of sales you're looking
at, and how you plan to pay the (private or institutional)
investors back. For a drive-thru, you should need something
between $40,000 and $150,000. for a full-fledged coffee shop,
however, it could be anything between $60,000 and $350,000,
depending on your scale of operation.