Like i've said I HATE STARBUCKS! they closed the local coffee shop a couple of monthes ago. Should/Could my friends and I raise enough money to open a new one? How much would we have to raise? & how would i find an owner for it? what do u think about this idea?
2007-01-07 09:23:49 · 2 answers · asked by Me 3 in Local Businesses ➔ Other - Local Businesses
If you opened a coffee shop than you would be the owner.
There's a lot to think about. You have to consider the costs of doing business vs. the revenue you'll make. Costs include:
Rent
Utilities
Permits (City, Health Department)
Insurance
Inventory
Equipment
Maintenance
I'd research this a bit more and try to take a business class.
2007-01-07 11:55:30 · answer #1 · answered by Shawn H 6 · 1⤊ 0⤋
Starbucks does not put well-run coffee shops out of business, they merely accelerate the inevitable. If an independent business is serving an outstanding product and able to run their operations profitably, nearby chain shops tend to INCREASE, not decrease their business volume.
I've written about this in a recent blog article on the subject, here: http://www.coffeestrategies.com/2006/12/05/starbucks-put-me-out-of-business-and-other-scapegoats
Other articles regarding competition with chain shops are referenced in the source list, below.
For those starting a coffee shop, I've made my guide "12 Fundamentals of Coffee Business Success" available online for free, here. You may want to read this for suggestions of the most critical factors that you need to consider when making your decision to start a business in this industry. http://www.cafemakers.com/coffee-business/intro.html
Best of success!
2007-01-08 06:50:36 · answer #2 · answered by Andrew H 2 · 1⤊ 0⤋