Okay we have a great location picked: only drive thru one a major commuter road w/ space for a small retail shop inside. I have a great supplier who works with other small coffee shops in the state. I have the plans laid out and everyone thinks its great idea.
But for renovations/supplies/ect its coming out 300k. Is that a horrible idea?
I have reached out to local agencies and haven’t found grants and I don’t feel comfortable asking family.
I’m torn between you only live once/this is my dream and omg I want to throw up.
I did a deep dive on coffee shops and almost started one. First and foremost is their a median it barrier that is a big problem. Also too much traffic creates issues. Is it close to business or industrial buildings where people will go to work. Is it on the AM or morning side of the road for traffic? Coffee shops can succeed so I wouldn’t be scared to do it. I just wouldn’t start with that type of costs. Find a cheaper way to start off. Used equipment, cheaper building, leased land, and if you are going to build on leased land try and at least do a 3-5 year contract and try to get a mobile home type unit so you can move it. Overall this can succeed, you just need to start off cheaper and make sure you have all your ducks in a row. Also the coffee business is not the same as the general food and restaurant, it’s much more stable because you are a part of someone’s daily routine.