The Ultimate Guide To Coffee Shops Business

Thinking about starting your own business, or joining up with an existing franchise? It’s all a bit overwhelming but more than anything else it’s likely to be exciting. There’s only so long you can work for someone else, watching things go wrong, and knowing that you’d do almost everything differently from how it’s being done. Frustrating.

Instead, practice what you preach. Think you can do it better? It sounds as if you need to go out there and do it better. There’s a lot of things to manage when you’re running a whole company by yourself, but if you’re organised and observant, and have learnt from the mistakes of others then there’s no reason at all why you can’t succeed doing something which you’ve always wanted to do.

A small business is the perfect way to get started on your path to entrepreneurship – no matter how grand your long term plans are.
Coffee shops for sale are a very stable and worth-while investment, and with some training almost anyone can do it.
Start-up costs
It takes a while for any new business to start making money, so the lower your initial costs and monthly overheads the better. To start a shop you will need plenty of stock, as well as basics like staff, rent, and bills which you will need to be paying for.
Whether you’re looking at existing coffee shops for sale, a coffee franchise, or simply premises to use for your new venture, costs will be relatively low. You will need some furniture, a high quality coffee machine, and then otherwise, almost everything else is down to how you want your business to work. Most coffee shops will also sell cakes and biscuits, and perhaps sandwiches or hot food. It could be run by just yourself, but you will need at least one other person to help out (and to allow you the odd day off!).

You can start quickly
While basic business skills will come in handy, to invest and successfully run coffee shops for sale you will need some training in the art of being a barista. You’re therefore at an advantage if you’ve previously worked in this area.

Coffee isn’t seasonal

While that ice cream van might seem like a solid investment now while the sun is shining, it’s very much a seasonal product. You will make next to no money in the winter months, and you’ll find you’re likely to need a second job. If you look at coffee shops for sale it will soon become clear that these are all year round – you can even stock ice cream if you fancy it! To know more about Coffee Shop Franchise please visit here
;- http://www.javatimescaffe.com/

Java Times Caffe Presents Beans On A Coffee Franchise Business

Demand is the name of the game! Coffee consumption as a whole has increased dramatically within the last 10 years. Specialty coffee is now common almost everywhere, whereas a few decades ago it was only found in the most chic of places.

About five years ago, many savvy investors stood up and started taking notice of the opportunities presented by coffee franchise businesses. A lot of them got into an opportunity and made a lot of money. Think about it - half of the adults in the United States currently consume, on average, 4 cups of coffee each day.

The fact is, those who consume that coffee have a variety of different requirements that need to be met before they will purchase it from you. Some only prefer to brew it themselves at home, but they will purchase coffee beans from you. Others want a quick fix that they can grab on their way to work. For them, convenience is preferred over quality.

What's a competitive advantage? Basically, it's what can you offer to the coffee drinker that they want and can't get anywhere else? The answer to this will depend upon the area in which you plan on putting the coffee franchise business in. For example, if you're in an area that is already saturated with specialty stores then another one probably won't work. See how it fails the question asked above?

However, in a place where there are only specialty coffee shops, a drive-through shop that stresses speed first may just have what it takes to make it - even directly across from four other slow environment rich coffee shops.

It's important when evaluating different businesses to keep an eye on the target audience that they go after. When you have determined what markets are hot and exploitable in your area then look for a coffee shop franchise that target those people. That is your best bet when investing in any franchise.

You can find out more about a Coffee Franchise Business as well as much more information on everything to do with coffee franchises and coffee businesses at :- http://www.javatimescaffe.com/

Choosing Coffee Shop Business by Java Times Caffe

Regardless of how good coffee franchise opportunities’ coffee and their products are, people who stop by coffee shops, purchase on impulse much of the time. A high footfall location should make you busier but it will also give you much more overheads. A shop in a less convenient area may be cheaper, but it will be harder to find.

Most people often will end up in a coffee shop because of convenience. If you become the place to be in town, and establish an effective referral marketing system, then your customers are often more willing to travel that bit further.

Nonetheless looking for coffee franchise opportunities in the right areas is of fundamental importance. Finding a prime location is well worth the investment, however, having one does not mean you automatically deserve business. While location is important, you need to also match this with a first-rate customer experience and service. If you do this then people will be willing to travel miles just to grab a coffee and socialise. Location is definitely not everything, but is a very important element when considering your coffee franchise opportunities.

Make sure the shop stands out from the rest. Outside seating, if permitted, is fantastic and will seriously boost your sales. A friendly environment outside is a clear indication that your shop is the place to be.

Having seating outside is extremely effective for business, but make certain that it sends the right image. Dirty tables along with full ashtrays are not likely to attract any consumers. Attractive plants plus an organised seating area certainly does!

What most people get wrong?

One thing that most people forget when running a coffee shop is that it is just like any other business. Running a cafe is fun, hard work and rewarding. But it becomes significantly less fun when it’s not making you money.

Your coffee shop is a business too. Yes it might certainly be your lifelong dream to own one, but you must certainly not forget that just like with any endeavour there will be things that are not so much fun. These include, paying the taxes, hiring and firing of staff, cash flow management, insurances, licenses, quality controls and much more.

Other things to consider when accessing your coffee franchise opportunities are things like training, motivation, people skills, service, expertise, attitude, systems, sales skills and so on. Get these all spot on and you will have a successful coffee shop in no time!

Therefore you must remember that whilst location is not everything when it comes to running a successful enterprise, it is a great start to generating the customer flow you so want and need. Location is as great as any good marketing campaign, and with people often buying coffee through convenience, being in an area that generates a significant footfall is imperative to your future success. To know more about starting a coffee shop business please visit here :- http://javatimescaffe.com/

A Guide To Coffee Shop Business

There are a few things to know when considering getting into the coffee shop business. You can enter this business by one of three ways- start your own coffee shop from scratch, buy an existing independent business, or purchase a franchise. Each type of business has its pros and cons. For instance startups have more risk associated with them than buying an existing business or franchise. In my opinion, buying an existing business, either independent or franchise, is the easiest route and the more popular way to get into the business. If you plan on buying an existing coffee shop you will need to do your research. Check out the location, the atmosphere, the menu and the financials.

Location

It's not a bad idea to visit the coffee shop business you are interested in. You can act like a private investigator, after all nobody knows who you are. This will allow you to watch the business and its employees in action. It will also give you a real feel for the amount of traffic going in and out of the shop. The most successful coffee establishments are easily accessible to foot traffic. Great locations produce greater revenues but come with a price. High traffic equals high rent. High rents can eat up profits. Monthly rent should not be more than 10-15% of gross sales. Look at the current lease agreement. See if it's possible to renegotiate the lease if the rent is too high. If the coffee shop is not accessible to foot traffic then more advertising dollars will need to be set aside in order to attract more customers.

Atmosphere

Check to see if the establishment has a pleasant atmosphere. What is the decor like? Redecorating can be expensive. Are the employees friendly? Customers will be more apt to spend time in an inviting and comfortable environment. Will you keep the current employees? These are important factors to consider when negotiating the purchase price.

Menu

During your visit to the coffee shop for sale check out the menu. Sample different types of coffee and ask questions. Some coffee businesses sell food items and some do not. Adding food to the menu can boost profits. Cost of goods sold should be around 28-32% of annual sales.

Financials

Once you have investigated the location, atmosphere and menu you will need to look at the financials. Pre-tax profits should be around 16-20 percent of annual sales.

If the shop is adhering to industry standards and everything else seems to be in order concerning the location, atmosphere, menu and financials then all that's left to do is close the deal.