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-   -   Coffee Shops - Good Business (https://www.cityprofile.com/forum/business-investing/coffee-shops-good-business-4684/)

Keith 11-11-2010 08:54 PM

Coffee Shops - Good Business
 
Anyone ever owned or managed a coffee shop before?

Curious if they are actually high profit earners.

Jake7 11-11-2010 09:47 PM

I never have, but I've always been interested. My wife and I are re-locating to Missouri after the Corps, and we've always wanted to open either a pizza place or a coffee place.

Anyone?

bisjoe 11-12-2010 07:14 AM

Around here it would not be considered a good investment simply because there is so much competition already. I have seen many come and go in a relatively short time, and they are turning to gimmicks like Bikini Baristas to attract more customers.

Like this local chain: Cowgirls Espresso | Bikini Coffee Stands | Drive Thru

Jake7 11-12-2010 03:31 PM

Wow, if that's not selling out then I don't know what is.

oldognewtrick 11-12-2010 06:21 PM

Wow, suddenly i have a craving for an expresso on fantasy friday, or school girl thursday or....nevermind.

cap1 11-18-2010 05:08 PM

The problem with coffee shops is that they are very dependent on the state of the economy. Once the economy starts to falter a little, it's easy for people to switch from getting coffee and a nice mom and pop coffee place and switch to getting a cup for 99 cents at a local McDonalds or Dunkin Donuts

bushidoka 12-02-2010 02:06 PM

I've been doing a business plan on a coffee roasting business, and in doing some of the research I've bumped into a number of papers and other data concerning coffee shops, and I can assure you they ARE pretty high margin. In fact it has me really tempted to open a coffee shop in addition to a roasting business, but part of that is because here in Ontario a roast-only business needs an environmental permit due to the emissions of roasting coffee, but a coffee shop who roasts on site does not need a permit.

But as others have mentioned, do your homework about competition already in the area. And high-end coffee shops have the best margins, but they are also easy to fall in a bad economy.

andrewtrsmith 12-06-2010 04:54 PM

I have to counter bisjoe's point about competition. A blanket statement saying that there is too much competition doesn't really help the original poster. If you have 100 Tim Hortens or Dunken Donuts in your town but only one specialty coffee shop then there is hardly any competition if you wish to open a small specialty coffee shop. The competition drops even more when you begin to roast your own coffee as it opens the door for not only walk in retail sales, but allows for custom branding of your product that other businesses such as restaurants can use as their own "house brand" of coffee.

While I don't own a coffee shop, I do have a background both in large and small businesses and my MBA (not trying to say i'm better, just justifying my side of the argument)

monacolino 12-27-2010 03:55 PM

hello keith,
leave the coffee shop and start a typical italian bar (italian style cafe)! for further infos pm me and allow a few days to respond as i'm quite busy these days!
tanti saluti

Dracofalcon 01-08-2011 11:36 AM

What is anybody's take on a cabinet manufacturing plant?


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