Archive for November, 2008

Deciding Between an Independent Or Franchise Coffee Shop Business

If opening and operating a coffee shop is in your plans, knowing what your options are can help to make your new business a success, as well as saving you money. Although a coffee shop franchise is generally what people have in mind when they think about starting up their own business, there is an alternative. You can weigh the pros and cons before reaching a final decision.

There are many benefits in dealing with a nationally-known company. The company’s name and familiar products are assets when it comes to attracting customers and boosting sales. While this is not a guarantee of success, it can make quite a difference in how quickly and easily your coffee shop draws business. (more…)

So You Want to Open a Coffee Shop?

Today it seems that everyone has gone crazy for coffee. Coffee’s continuing popularity can be seen from the millions of commuters who seem to have a Styrofoam coffee cup stuck to their hands. So it would seem to be a safe bet that opening your own coffee shop is a sure-fire money making venture. But wait…

But before you collect your coffee maker and take out a lease on a quaint corner retail spot, you may want to take a moment to consider what it really takes to start a successful coffee shop.

Of course, the first requirement for a potential coffee shop owner is to have the passion for coffee. (more…)

How to Obtain Starbucks Coffee Franchise Information

When you think of coffee companies the first one to usually come to mind is Starbucks. That is because Starbucks offer a special taste in coffee that has the competition coming close but not exactly the same as Starbucks. If you have ever had a Starbucks coffee then you know how satisfying that one cup of coffee can be. Now you are probably wondering how you can get that same great taste of Starbucks in your area. The Starbucks name has become a popular coffee name almost everywhere.

For anyone considering a coffee business, a Starbucks outlet sounds like an excellent way to get started. It is a great way to leverage the brand name and gain instant business traction. So how do you obtain Starbucks coffee franchise information? Checking on the Starbucks website, it clearly states that Starbucks does not offer franchise opportunities nor do they foresee it being offered in the near future. Starbucks is satisfied with the way things are going right now and they see no reason for franchising. (more…)

The Pros And Cons Of A Coffee Shop Franchise Opportunity

Every once in a while comes the opportunity of a lifetime. An opportunity that gives you the chance to please yourself and others is hard to find. When you decide to open up a coffee shop you may want to go on your own and try to do everything or you may want to consider a coffee shop franchise to get yourself started. There are several pros and cons to a coffee shop franchise opportunity and you have the choice to weigh your options and go with the best opportunity for you. If an opportunity is knocking, you do not want to pass it up.

Pros of a coffee shop franchise opportunity

When you choose to go with a coffee shop franchise you will not be alone in your new business venture. The coffee shop franchise company wants to see you succeed and to do that they will coach you and help you every step of the way. (more…)

Starting a Coffee Shop – Funding Sources

Besides having a coffee shop business plan, you need to have your funding source(s) defined when starting a coffee shop. There are many options available for you, but we will talk about the most common.

SBA – So many sources push SBA loans, SBA LOANS, SBA LOANS! Let me first say, the Small Business Administration loan program is awesome, if you can get approved. Although they have loosened up some of the requirements lately, it is still somewhat tough to get approved.

First of all, the government does not loan the money. The standard program is a bank loan though there are some micro loan programs available that use funds from capital groups. Most of these loans are normally collateral loans, and they are backed by the US government similar to HUD and FHA home loans. (more…)

A Coffee Business Opportunity – Perfect Business For Uncertain Times?

If you are unsure whether a coffee business opportunity is what you are looking for, there are a few factors to consider which can help you to make this decision.

One of the most important considerations to make this a lucrative business venture is that it has to deal with a high-demand product. When it comes to coffee, you will be offering potential customers something which most people use on an everyday basis. If you are selling a product which is in tune with the daily lifestyle of many people, this is one of the surest ways of making profits. It will help you in acquiring new customers, and to retain regular customers as well.

While the consistent demand for the product is one factor in the success of your coffee business, locating it in the right area where you can gain the most customers is also a relevant factor. (more…)

Writing Your Coffee Shop Business Plan is Worth Beans!

If you fail to plan, you plan to fail. Simple, short and to the point.

People ask quite often of the importance of a business plan when starting a coffee shop. My response is always a statistic: Most businesses fail within the first year due to lack of planning but coffee shops have a higher failure rate due to their nature. If you don’t have anything to plan your course by, how can you move forward? Any business vision is blurry without a written plan.

Your plan takes time to write now, but it’s designed to help you avoid costly mistakes later. The true value of creating a business plan for your endeavor is not the finished product, but in the process of writing it. (more…)

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