Coffee shop business is one that involves serving quality coffee to customers either to drink in or take out.
People always drink coffee every day, some drink it in the morning before work or in the afternoon when meeting relatives or friends and this has been confirmed by several statistics and articles.
WHY COFFEE SHOP BUSINESS
Starting up your own coffee shop business, apart from being a profitable venture; it can also be a fun and rewarding experience.
When beginning your business, searching for the spot on location is a foremost key to achieving success.
A coffee shop business is a profitable business.
This is a fact as even when persons do not have lots of extra cash on them; a good cup of coffee is an easy luxury that no matter how tight their budget is, they always make room for it.
Coffee helps most people to keep going so there is always a market for a good cup of coffee.
Coffee shop is an important part of the community as it also serves as a community gathering place.
People use coffee shops as a home away from their office or a home away from home.
This however makes it a viable business with a ready market to get into.
It has become the life style of many people as they enjoy drinking coffee.
Fortunately the most important thing you need to start a coffee business is just a coffee machine for making coffees for your customers;
It doesn’t require full equipments or large space on day one of launching your coffee shop business.
It is different from launching a restaurant which requires fully serviced equipment before it can be launched.
You also do not necessarily need to employ many work assistants to start your coffee shop business; you only need to hire a skilled and professional barista who will run the coffee machine and serve your clients.
Take note of the following tips before starting your coffee shop business:
DETERMINE WHAT TYPE OF COFFEE SHOP BUSINESS YOU WANT TO RUN
Determine what kind of coffee shop business you will like to run.
Decide if you want to start your business from the scratch or if you want to run a franchise.
Also you will need to make up your mind about the exact kind of services you will be delivering, if you want to be serving certain snacks or gourmet food along with your coffee or just coffee.
Some coffee shops are strictly ordering of coffee with no room for clients to sit and drink.
In this type of coffee shop business, there will only be counter space for preparing coffee.
You could also run an outdoor or indoor operation in which you provide a convenient environment for people to sit and enjoy their coffee.
FIND OUT ALL YOU WILL NEED TO LEGALIZE YOUR COFFEE SHOP BUSINESS
Research on the necessary requirements you will need to start up your coffee shop business.
This is important so as to ascertain if you can meet up with every condition required to get the necessary permits and licenses to register and commence your business.
GET A RIGHT LOCATION FOR YOUR COFFEE SHOP
Get an appropriate location for your coffee shop business.
Ensure your location is one with adequate foot traffic and it is easily accessible from the main road.
Check the area to be sure that there are not many other coffee shops around the area; ensure that there is need for a coffee shop in any location you choose.
If coffee shops exist, have a unique strategy and niche that will make your business stand out from that of your competition.
HAVE A BUSINESS PLAN FOR YOUR COFFEE SHOP BUSINESS
A business plan will help you plan and give you an idea of exactly how your coffee shop business would be.
This will help you understand your business better and also help you focus when getting all that is necessary to start up your business and make it a success.
Also if you need additional investment, your business plan will be needed before your request for investment can be granted either by the bank or an individual investor.
RESEARCH YOUR MARKET NEEDS
What type of customers do you want your business to serve?
Carry out a research on what type of services they would prefer from coffee.
For instance some class of people want pre-wrapped snacks and quick service while mums who are housewives want open spaces that can be easily accessed.
Ensure you are serving the need of the class of persons you have decided to serve.
GET THE NECESSARY EDUCATION
There are various types of training courses, consultancies and barista trainers that can help your business stand out and make it unique among your competitors.
If you are new in the business, you should get experience by working at a coffee shop for a while so as to have a firsthand experience in the business.
IDENTIFY WITH YOUR PRODUCT
Before launching your coffee shop business into the industry, research about your products and the kind of services you have decided to offer.
There are lots of:
as coffee is the world’s second biggest traded commodity.
Understand all there is to know about coffee, how it is grown and traded, where it comes from and every other aspect of the coffee itself.
EQUIPMENTS YOU NEED TO START A COFFEE SHOP BUSINESS
There are special coffee brewers which are specifically made for commercial coffee shops; they have a similar look with the Mr. Coffee that lots of people use at home.
Your business will need coffee brewers as they are specifically made to create and store up coffee in large amounts.
You will also need good coffee mugs with which you will serve your customers and also take away cups.
You could also get a grinder which lets your grind large amounts of coffee quickly and also grind for the purpose of selling to consumers who do not have grinders at home.
You should only get a grinder if you have experience in using it as you can purchase already grinded coffee when starting your own business.
Depending on the kind of coffee business which you want to go in and the kind of shop which you plan to have, you may or may not need furniture.
If you offer a drink-in service, you should get comfortable tables and seats for people to sit and enjoy their coffee.
Outdoor or indoor, furniture is important.
Recently in the coffee industry, most shops have espresso equipment as clients do not only want drip coffee alone, they also order for espresso shots, cafe mochas and lattes.
If you will be offering this service, you will need an espresso machine.
Plumbing and Electrical Needs
Note that no coffee shop can commence operation exclusive of being fitted for the right electrical and plumbing requirements.
Your coffee shop needs to have a proper plumbing connection as your machines will need to be connected to a water source.
It is necessary that you have a regular supply of water.
You will also need drainage at your shop.
There will be need for you to get water softeners in your water line to help curb and thwart mineral build up in your machines as this is one of the greatest source of challenge if you are making espressos too.
IMPORTANT POINTS TO TAKE NOTE OF WHEN STARTING YOUR COFFEE SHOP BUSINESS
HAVE A GOOD BUSINESS NAME FOR YOUR COFFEE SHOP
Get a good business name for your business that will be easy to remember and tell someone about.
Have a good brand image for your business, erect a good signpost for your shop; one that can easily be noticed from afar.
Clearly state your services on your sign post
MAKE YOUR COFFEE SHOP DISTINCT
Carve a niche for your coffee business in order to stand out among other coffee shop businesses.
Spend adequate time reflecting on services to offer to make your shop stand out as research has already provided you with necessary information on what your competition does.
Make your service unique, one that no other coffee shop in your community offers.
You could choose to come up with an extraordinary cookie or brownie recipe, or a type of drink that will keep people coming back might do the trick.
Find your exclusive niche and give your customers excellent service.
STICK TO YOUR BUDGET
Never spend above your budget.
Ensure your set up and running expenses are as minimal as possible as this would give you a better likelihood of making a profit.
Ensure you spend wisely only on what your business basically needs to start.
Use your money in right dimensions such as getting quality decor, furniture and equipment as the case may be.
Keep proper records of your income and expenditure.
CONSIDER QUALITY AND PRICE
With any food based business, it is crucial to fix the best possible price for the best possible product.
Find out the charges on your competitors and fix your prices realistically.
Ensure you maintain high quality for your drinks and any other kind of service you offer.
Charge what is realistic and what you can get away with putting into consideration your expenses.
ADVERTISE YOUR COFFEE SHOP BUSINESS
Print fliers to give to people to let them know about your business when you are about to launch.
You can even offer free service on the day of your launching so as to invite people to your shop and inform them about the kind of services you offer.
You could also drop it at grocery stores around the area, places that have a lot of foot traffic daily.
With the foregoing in place, you are ready to kick-start your own coffee business, and set about achieving self-actualisation.
Remember, nothing good comes easy and should you record success in this venture, it would be a result of hard work, diligence and commitment to your plans.