Learn How to Start a Coffee Shop Business
Business Overview:
If your morning coffee fix is more like a connoisseur’s passion than a mere habit, you should consider learning how to start a coffee shop of your own. With a solid coffee shop business plan in place, you can start a coffee shop that puts some of the commercial shops to shame. It is important to note, however, that you need a good deal of startup capital before you think about starting a coffee shop business. In addition to the usual business requirements: permit, license, insurance, etc., you will need a great store location, solid grinding and brewing equipment, top-notch coffee beans, and no-fail recipes for your brews in order for this business idea to succeed. While this certainly takes money and knowledge, starting a coffee shop need not be a daunting dream. With some guidance and hard work you can be the coffee barista of your dreams or simply the owner of a cool java house. If you create an atmosphere that you love, chances are good that your employees and your customers will feel the same way and will keep coming back for more.
A Day in the Life of a Coffee and Espresso Shop Business Owner:
While you are certainly able to brew espresso and interact with customers, it is likely that once your business is up and running, you will more likely be running around behind-the-scenes placing inventory orders, maintaining finances, improving business practices, etc. Your daily grind might include a sweep of the store to ensure the atmosphere is up to your standards along with a greeting of employees and regular customers. You will then need to check on your stock to see what needs to be ordered and what sells the best. A good relationship with your suppliers is key to a smooth-running shop. Next, you will review expenses and profits, and keep up with employee payroll and any issues that might pop-up. You might also keep the employee schedule, and so you’ll need to update that weekly or bi-monthly. Tasting your coffee and other saleable goods often will be crucial to knowing what works and what doesn’t, and that might just be the best part of the job!
About Your Customers:
Your customers will be coffee and espresso drinkers and their companions who will be looking for the right atmosphere and the best coffee to complete their coffee shop experience. You’ll know you’re on the right track when you begin to get a bevy of regular customers who come in for their beverage and snack fix.
What You Need to Start:
- A store name
- Business permits, licensing, and insurance
- A storefront location
- Coffee grinding and brewing equipment
- A supplier for coffee beans
- Financial-tracking software
- Employees who appreciate coffee
The Good:
- You can pursue a passion and make it a lucrative business.
- It can be an enjoyable business.
- You can meet great and like-minded people.
- Your business can grow to multiple locations.
The Bad:
- The initial investment can be steep.
- This is not a part-time business venture; you will need to put all your efforts towards making this idea succeed.
Resources:
- National Coffee Association
- Specialty Coffee Association of America
- Bureau of Labor Statistics on Food and Beverage Service
- Wikipedia on Coffee Houses
About The Author
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