Leave coming up with a risky idea that nobody’s tried before to the entrepreneurs in Silicon Valley. It’s possible to start your own business and thrive when you offer something that everybody loves.
And according to the National Coffee Association, if you’re a coffee-lover in the United States, you drink an average of three cups a day. A recent Food & Wine article cites a Reuters report, which says that 64% of Americans drink at least one cup of coffee every day. Get ready for this amazing statistic – the average American spends over $1,100 annually on coffee, making it a $20 billion global export business. Add to this two recent studies which indicate that coffee could help you live longer, and it’s easy to see why so many people decide to open up local coffee shops.
An Excellent Idea With the Right Approach
With almost 7 in 10 people needing to get their coffee fix daily, it might seem that opening up a local coffee shop is a guaranteed success. But, even with the demand for coffee pushing the odds in your favor, it’s possible to fail.
A website devoted to helping aspiring coffee shop owners start a successful business says there are 12 general reasons why independent coffee shops fail, and failing to do the necessary research tops the list.
Another strong contribution to indie coffee shop failure is not taking time to find the right location. And even if you find an excellent location, is it the right type of building?
An open concept layout works best for most coffee shops. This gives customers the ability to walk in and see the counter. They’ll have the space to form a line and have the appropriate interaction with your baristas. Your employees will be able to move easily throughout the space to service tables, and customers want sufficient “personal space” to enjoy their coffee.
Are you planning to offer drive-thru service? You’ll want to take the space necessary for this into your layout consideration, as well.
Start With a Clean Slate
Crimson Cup, started by entrepreneur Greg Ubert, says that the building for your coffee shop can often be the biggest cost. A coffee shop with seating and drive-thru can cost between $80,000 to $300,000 if you also have to buy an existing building. However, with a suitable structure already in place, you can start a modest brew bar with anywhere from $5,500 to $20,000.
Serious Eats reports there are $15,000 brewing machines out there you can buy for your coffee shop. There’s almost no end to the amount of money you can sink into equipment to lure serious coffee drinkers. The website suggests you put as much thought into coffee as you do to your layout, and you’ll have a winning combination.
Miracle Truss® buildings feature clear span truss designs that give you dramatic open spaces with no interior support to get in the way. The design also gives you open ceilings for even more design flair.
These buildings are strong and flexible. Best of all, they’re more affordable than you might imagine. You’ll get the perfect building, and have more financial resources to focus on what people want: your awesome coffee. Request information about your affordable DIY prefabricated buildings.