Coffee is one of the most popular beverages in the world along with beer and tea. Each year, 400 billion cups of coffee are sold, making it the most consumed liquid. Opening a coffee shop can be a very profitable business. According to the National Coffee Association, an average shop can sell around 200-300 cups each day; on the other hand, a top coffee shop can sell approx. 700 cups every day. You have come to the right place if you are thinking that you want to start a coffee shop.
Here, we will provide you with a step-by-step guide on establishing or starting a coffee shop and taking your business to heights. Let's get started!
To start a coffee shop or any new business requires a lot of time and investment, and it is essential to understand the various aspects of this business before you get into it.
You can look up on the internet and gather interesting facts and information about the working of a shop business. The other thing you can do is visit a lot of shops, and gather the information you are looking for.
After conducting all your research, now it's the time to bring your ideas to life. You would have thought about how your shop would look, what would be its atmosphere, theme, customers, etc. When you have this vision clear in your mind, start putting things into action. Choose a classy name for your shop. Having a solid and well-organized vision will help your business skyrocket in the future.
Having a business plan written down will help you keep yourself organized in the future. Writing down your business plan will help you understand your market, concept, ownership, finance, menu, and competition. Not only this, but a good business plan will also help you during your business funding process.
A standard business plan contains seven sections, as given below, to help you make a solid business plan.
Location is one of the essential aspects of a shop or food business. Before finalizing your site, spend some time in the area and closely observe the place. Pay attention to how many people are visiting, is parking available, is the location visible on Google Maps, and does that place have enough traffic? And much more. Your location and ease of access along with regular traffic are key to your success.
Suppliers also play one of the significant roles in the business. Choosing the right supplier is one crucial task. The major suppliers include coffee, bread, milk, fresh produce, and groceries. Other routine products needed include cups, napkins, stirrers, syrups, etc. Also, look for the best food packaging boxes manufacturer. Having a complete list of the products helps you be prepared in advance, and it will also help you choose the best suppliers that fit your business aptly.
After getting all the work done, from conducting research to getting suppliers, now it's the time to design your shop the way you love. When you design your shop according to the trends and interests of the people, you attract more and more customers to your shop.
What do you want your shop to look like? Retro? Sophisticated? Party-type? Family type? Or for the youth based on themes such as any online series like Peaky-blinders? You can also consider creating an automobile-themed store. It is in trend these days. Look for the best automotive parts manufacturer to get the spare parts. You can use them as decorative items.
But you need to keep one thing in mind: you can't choose all of them. Choose one design and stick to it, which will create a strong identity for your shop and gain recognition all around the town. Decorate your shop with the best commercial cafe chairs and tables.
Your menu should be according to your shop's theme. Please keep it simple and list essential products instead of overcrowding the menu. Keep at least ten best shots in the menu, which will be your best serves. Price the items by calculating the ingredient cost and margin of each item, and the ingredient cost should not be more than 35% of the retail price.
Hiring the right people is another critical decision. Most people look for experienced workers, but people should also consider attitude and skill. Not every person with skills is experienced, so choose your workers wisely.
The final piece of advice for how to start a coffee shop is simple... when the shop is open, you can enjoy being your boss, building profit, and developing connections. With an increased number of coffee lovers, you can gain a lot of profit in your business. After you set up your business, be sure to stay organized and stick to your business plan, and then your business will be all set to skyrocket and gain success.