Did you know that the average American spends $14.40 on coffee a week? That’s almost $1000 a year! If you’re looking for your next small business venture, coffee shops are always in high demand. With such a popular product, it would be hard to go wrong.
Continue reading below for the ultimate guide to starting your very own coffee shop.
Find a Location
The first thing you want to do before starting a business is find a location. This sounds simple but takes a lot of research.
To begin, you should research municipal regulations for businesses. Some areas are zoned for residential use only. It would be best if you also understood plumbing and electrical codes.
Next, consider your budget. Are you able to buy a space, or are you looking for a long-term lease?
Most importantly, you need a location that is accessible and easy to find. Look for a spot along public transit lines with high foot traffic. Or somewhere right off the highway and build a drive-thru.
Choose a Coffee Shop Style
Some coffee shops double as office space while others focus on getting people coffee and getting them on their way.
If you want to create a cozy space where clients feel welcome to stay and work, you might need more space. A work-from-home coffee shop will also need more outlets and strong WI-FI.
On the other hand, you might want to streamline the coffee experience. For example, a coffee stand is an excellent way to profit from coffee sales without all the extra overhead. However, a coffee stand will probably still require a business license. Be sure to double-check with your local business laws.
Outfit Your Coffee Shop
A quality coffee shop needs quality equipment. For starters, you’ll need at least an espresso machine, a grinder, and a fridge/freezer. This sounds expensive, but first-time coffee shop owners can save money by looking for used gear.
Choose a Coffee Supplier
Chances are you aren’t going straight into the roasting side of the coffee shop business. A quality bean roaster can cost upward of $5,000. Likewise, you would have to learn how to roast beans. Experienced roasters spend years and thousands of dollars learning how to create different flavors in the beans.
Luckily, you can order Italian coffee beans online. Leave the complicated world of coffee bean roasting to the professionals and focus on creating an inviting space in your coffee shop.
The ins and outs of the coffee shop business can take years to learn. However, you can start your business today with the right vision and a popular location. Make sure you have the right styling and equipment in your coffee shop.
Most importantly, premium quality espresso beans are essential to entice people and turn them into loyal customers.
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