A lot of people drink coffee. It plays a major role in our lives that a person’s day is not complete if he is not able to drink one. Although caffeine, a drug present in coffee or tea has its side effects, still the demands of coffee are continually increasing each year. People cannot stop this addiction because it brought to them a feeling of comfort in their minds and can get rid of pain that we feel inside. When a lot of people are addicted to coffee, business minded person sees this as an opportunity to start their own coffee shop. Opening a coffee shop requires a lot of research and examination to the market. If you want to restaurant business plan shop, you may follow these tips.
Make a Business Plan
Coffee shop owners are coffee lovers too. The only difference is that they earn and gain profits while they are enjoying their coffees. To start, make a strong business plan. The business plan serves as guide and framework of the business that determines the years that it will operate. When you had a strong business plan, there is a big possibility that it will grow and succeed. Also, the plan will be used to present to a loan officer in case you run out of budget.
Know the Right Location
Suburban streets and shopping centers are the best choices in finding the right location for your shop. This is where people wait for taxis or bus and doing window shopping. They might go in your coffee shop and order while they are waiting or relaxing. Beware of places where there are a large number of crimes or dwelling places of gangs. To check if the places are safe, you may ask opinions to a police department near your chosen location. Remember that people always chooses those place where they feel safe.
Know the Numbers of Competitors
The demands for coffee are continually increasing, so as coffee shops. When finding the location, it is also important to take note on the number of competitors in the area. This will affect the number of customers that might go in your shop. Make a research and always find ways to best serve your coffee. As a reminder do not imitate their styles rather offer something new.
Know How Much Can You Afford
Money is always the essence of the business. In this stage list all the materials that are needed in your shop. This also includes the cost of rentals, overheads, salary of the staffs, and the cost of maintenance. In finding the equipment’s, choose those who offered less prices but of high quality. For raw materials, try to see if they offer trainings that might help you in operating your shop.
Offer Complimentary Food
From the word coffee shop this does not literally mean that it only offers coffee alone. It also has a complimentary foods or beverages that it offers. Owners can also try to sell doughnuts, breads, water, juice, or even tea. These way customers are not just there to drink coffee. There are people especially those with children who didn’t drink coffee. So while their parents or guardians enjoyed sipping their coffee, children too enjoy eating their favorite bread or doughnuts.
Free internet Access
Nowadays the world is getting faster and faster. Internet surfing is one of the hobbies that people have. Whether they want to communicate with their friends or love ones. In the coffee shop a free internet access is a plus. When they drink their fingers keep clicking on their laptops while enjoying. Or local businessmen are making their presentation for a project. This can attract customers since more people are browsing the internet.