Coffee Shop
How much would it cost to start a coffee shop?
Well i have this school project where i have to create a small business and I have to know the cost of things to run a coffee shop. Example Rent, Gas, Water, Internet, Employees wages, supplies like chairs, tables, lights, coffee, etc. I need a estimate how much these things would cost for my coffee shop. And then at last i have to add everything. Please help it would mean alot.
When my friend opened his I believe it was roughly $40k. He went in with another friend so they split the cost. Not terribly expensive. However he had a very large dining area, so a smaller one would probably cut costs. However you need to consider prices of overhead will vary depending on City. Make sure you pick a location which will be lucrative, as his coffee shop only survived 5 years before going under. Make the necessary planning steps.
1. Obtain the necessary business licenses. Check with your local government office to find out which licenses and permits you need for your coffee shop and how to apply.
2. If you plan to operate your coffee business out of your home, check with your local government office about zoning ordinances and possible land use restrictions
3. Put together a business plan. You can find downloadable business plan templates online, which make business plan writing easy. (Coffee Bar | Cafe | Cyber Cafe | Bakery)
4. Set up a business bank account with your local bank. Make sure that the bank is FDIC is insured. It is important to keep your coffee business and personal finances separate, and often your banker can help with small business loans or financing.
5. Arrange a meeting with an accountant to discuss tax strategies and ways to maximize your business tax deductions. You can get referrals from other business owners you know or sometimes your banker.
6. File your fictitious business name with the county clerk, or if you want to form a corporation, find out the advantages of incorporating your business
7. Meet with an insurance agent to discuss insurance you may need for your cafe. The IIABA (Independent Insurance Agents & Brokers of America) is a good place to start. You can also get free quotes online for Free Business Insurance Quotes
8. Set up your business phone system. Whether you use a toll-free 800 phone number, a multi-line phone system, VoIP or simply add an additional phone number to your existing service, you'll want a designated line to establish a professional business image.
9. Order business cards. One of the cheapest ways I know of to advertise a business. See how you can design your own professional business cards online, plus simple tips for increasing your sales >> Free Business Cards
10. Get a website. Save money by creating your own website with simple online design programs, or outsource the job to an affordable website designer. Whether you sell coffee products online - or you use a website to display cafe menus or business hours, it's important to take advantage of this low-cost marketing resource that can help you get more customers.
Good Luck.
Red Hot Chili Peppers - Coffee Shop
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