What are your projected revenue expectations per day? Are there any local examples of coffee shops that seem to be doing well? I sat outside of a coffee shop a few years ago and watched how many people ordered within 1 hour in the morning and 1 hour in the afternoon, did that several times throughout the next few months and developed revenue projections. What I found was that although the margins on coffee and pastries is very strong (as long as your making in house), the profitability of a coffee shop isn’t a strong investment. There is a reason why they are referred to as “lifestyle” businesses. The only people that own and operate coffee shops/restaurants/etc, are people that can not live without one. Scaling is also challenging since it’s brick and mortar…just means it very expensive to grow.
What are your projected revenue expectations per day? Are there any local examples of coffee shops that seem to be doing well? I sat outside of a coffee shop a few years ago and watched how many people ordered within 1 hour in the morning and 1 hour in the afternoon, did that several times throughout the next few months and developed revenue projections. What I found was that although the margins on coffee and pastries is very strong (as long as your making in house), the profitability of a coffee shop isn’t a strong investment. There is a reason why they are referred to as “lifestyle” businesses. The only people that own and operate coffee shops/restaurants/etc, are people that can not live without one. Scaling is also challenging since it’s brick and mortar…just means it very expensive to grow.