Did you know that Americans drink more coffee than soda, juice, and tea combined?
If you’re thinking about setting a shop selling hot beverages, then a coffee shop is clearly the best choice to go for.
How much does it cost to open a coffee shop? How much money do you need to fulfill your dream of becoming the next Starbucks?
Read on to learn more.
The first thing you’re going to need is somewhere to sell your coffee from.
There are a number of different options. You might want a full-on sit-down coffee shop which is going to be the most expensive option You might want to start smaller by running a coffee cart. This is obviously going to have a big impact on your costs.
If you’re starting a store don’t forget to factor in other essentials such as insurance for your business.
Once you’ve got somewhere to sell from, you’re going to need some equipment for making coffee.
Once again, the cost really depends on what you’re going for. If you’re planning to serve only pour-over coffee made with preground beans, you can get equipment reasonably cheap. If you want to serve espresso from freshly ground beans, it’s going to set you back a lot more.
Your equipment will last you for years, but there are plenty of other items that you’re going to get through pretty quickly, not least of which is coffee.
Other consumables will include cups, napkins, stirrers, lids, syrups, milk, cream, and more. You’ll need to factor in all of these regular costs.
Are you going to be working alone? If not, you’ll also need to factor in the cost of paying your employees.
Hiring employees can be one of your largest costs so you need to think carefully about how many people you need and how many you can afford.
People aren’t going to come to your coffee shop if they don’t know it exists.
You’ll need to market your business, and this doesn’t come for free. You should factor in some marketing expenses in your overall budget.
The Bottom Line
Taking all of these factors into consideration, how much are we talking?
As you’ve already seen, the figures will depend on your personal circumstances, but for a rough ballpark figure, you could expect to need around $50,000 to $100,000 for a coffee stand type business. If you’re looking for a full sit-in venue, this could go as high as $300,000.
The Cost to Open a Coffee Shop Depends on Many Variables
As you can see, the cost to open a coffee shop depends on a wide range of variables, so there’s no single figure that’s going to fit everyone.
Do your sums, work out your own needs, and you should be able to come up with a reasonable estimate of how much your business would cost you.
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