-How much money will/could owning a business (coffee shop) cost?
How much does it cost to open a coffee business?
- Coffee Cart: Average cost is between $20,000-$25,000.
- Kiosk: Depending on the size and your menu, average costs are between $25,000-$75,000.
- Drive-Thru: We have heard of entrepreneurs who have opened very small units for less than $35,000. A large drive-thru can cost between $80,000-$200,000.
- Sit-Down: Average cost of a 1,200 sq. ft. coffee bar is between $200,000 to $375,000.
(http://www.bizben.com/blog/posts/580-how-to-buy-a-coffee-shop.php)
Estimate breakeven. The first thing I do when reviewing a potential coffee shop location is estimate the breakeven point. Once you know the lease and an estimate of utilities and insurance, estimate your other expenses. These expenses include: employee salaries, marketing/advertising, Internet service, miscellaneous supplies. Leave out cost of goods sold such as cups, coffee, milk, etc. Also, leave out capital expenditures such as equipment and furniture.
For example, let's say you have a lease of $2,000 and utilities/insurance estimate of $800. You want to be open from 6:00 am to 12:00 midnight, with two workers for all shifts - at $8 per hour, this is $288 per day. Let's assume monthly expenses of $500 for advertising, $150 for Internet service, and $500 for miscellaneous. That's $1,150, or $39 per day. So, now we know we have lease ($67 per day) + utilities/insurance ($27/day) salaries ($288/day) other expenses ($39/day). Right now, our rough estimate is $421 per day. If you think you can average $2 per transaction profit, on average, you need to sell 211 transactions per day to break even. Of course, this is without buildout and capital expenditures. If you think you're in a high traffic location, this estimate may be very achievable.
(http://www.mytutorials.com/tutorial/How_to_Start_a_Coffee_Shop/214/)
-What major in college should I study? (Hospitatlity or Business Major)
Hospitatlity Management:
Associate-level degrees in business can provide you with a logical starting point for further studies in tourism and hospitality. A more specialized program, such as an Associate of Science in Hospitality Management, can prepare you for a travel career through industry tailored coursework and internships with airlines, resorts, and travel agencies
(http://www.worldwidelearn.com/online-education-guide/business/hospitality-management-major.htm)
Employers who hire baristas typically provide on-the-job training in specific processes and menus. In general, a college degree isn't required for employment, but baristas who hope to advance into management or corporate roles within a company might consider college courses in business or hospitality management. Individual employer policies vary, but some prefer employees who hold a high school diploma or GED, according to the U.S. Bureau of Labor Statistics (BLS). Baristas who want to open their own coffee shops or desire advanced roles within the coffee industry can seek further training through specialized culinary, business or coffee education programs.
(http://education-portal.com/articles/Barista_Job_Description_Duties_and_Salary.html)
Hospitatlity Management:
Associate-level degrees in business can provide you with a logical starting point for further studies in tourism and hospitality. A more specialized program, such as an Associate of Science in Hospitality Management, can prepare you for a travel career through industry tailored coursework and internships with airlines, resorts, and travel agencies
(http://www.worldwidelearn.com/online-education-guide/business/hospitality-management-major.htm)
Employers who hire baristas typically provide on-the-job training in specific processes and menus. In general, a college degree isn't required for employment, but baristas who hope to advance into management or corporate roles within a company might consider college courses in business or hospitality management. Individual employer policies vary, but some prefer employees who hold a high school diploma or GED, according to the U.S. Bureau of Labor Statistics (BLS). Baristas who want to open their own coffee shops or desire advanced roles within the coffee industry can seek further training through specialized culinary, business or coffee education programs.
(http://education-portal.com/articles/Barista_Job_Description_Duties_and_Salary.html)
-Will I need to study nutrition and/or culinary?
The foodservice and hospitality industries are big business in Connecticut and beyond. Whether you want to pursue a career as a chef or restaurant manager, completing a culinary arts certificate program at a community college can set you apart from the competition. Several community colleges in Connecticut offer culinary arts classes and programs.
(http://www.ehow.com/list_6364437_community-colleges-culinary-arts-connecticut.html)
The foodservice and hospitality industries are big business in Connecticut and beyond. Whether you want to pursue a career as a chef or restaurant manager, completing a culinary arts certificate program at a community college can set you apart from the competition. Several community colleges in Connecticut offer culinary arts classes and programs.
(http://www.ehow.com/list_6364437_community-colleges-culinary-arts-connecticut.html)
-How hard is it in this economy to own a coffee shop?
Given all the competition, is opening a specialty coffee business still viable?
Given all the competition, is opening a specialty coffee business still viable?
Yes. The demand for specialty coffee is growing every day. Even in the mature coffee markets of Portland, Seattle and San Francisco, opportunity still exists for new coffee businesses. In other parts of the country, there is vast opportunity. Italy, with a population of 60 million, has over 200,000 coffee bars. In comparison, the U.S. has approximately 15,000 coffee bars with a population of 290 million. Do the math!
*(http://espresso101.com/coffee_faq.html)
*(http://espresso101.com/coffee_faq.html)
-Should I start small (online website) or begin with a small coffee shop?
You start by becoming a student of the coffee business. Attend tradeshows and subscribe to industry periodicals. Buy books about opening a specialty coffee business, including Bean Business Basics, Bellissimo's 740-page start-up/operational manual and the most comprehensive book available on the subject. Some choose to start their coffee business education by attending Bellissimo's American Barista& Coffee School, the first and only professional school in the U.S. devoted to coffee business education and hands-on barista training.
The next step is to hire an experienced consulting company like Bellissimo to help you develop your concept and advise you during the start-up phase.
*(http://espresso101.com/coffee_faq.html)
The next step is to hire an experienced consulting company like Bellissimo to help you develop your concept and advise you during the start-up phase.
*(http://espresso101.com/coffee_faq.html)
-Where and how could I get more experience running a coffee shop?
(to get more experience)
-to begin or start
Find another small independent coffee shop to work at for a while, Starbucks will teach you about working for a corporate giant, but not a lot about coffee.
(http://georginawrites.hubpages.com/hub/Open-a-Coffee-Shop-Things-to-Consider-First) (more info)
(to get more experience)
-to begin or start
Find another small independent coffee shop to work at for a while, Starbucks will teach you about working for a corporate giant, but not a lot about coffee.
(http://georginawrites.hubpages.com/hub/Open-a-Coffee-Shop-Things-to-Consider-First) (more info)
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