The average coffee shop with seating costs between $80,000 and $300,000 to start. Small coffee businesses like mobile coffee carts and espresso stands typically cost between $16,000 and $25,000 to start.
Budgeting and Costs
Several expenses must be accounted for, including:
- Equipment
- Hiring
- Permits
- Marketing
- Location costs
Rent costs depend on the region and area. For example, a lease in Manhattan could cost over $80,000/month while a storefront lease in Florida or Tennessee could cost under $1,000/month.
Accurate cost estimation and financial planning are crucial when starting a coffee shop. Networking and research will get you valuable information to help you succeed.
Starting Your Business Plan
Investing in quality equipment and beans is important. Costs can range from $25,000 to $300,000 depending on size and services offered. This covers aspects like real estate, buildout, equipment, inventory, staff, marketing, and operating expenses.
Is it possible to start a coffee business on a budget? Yes, mobile coffee carts or catering trucks can cost between $5,000-12,000.
What are ongoing costs? Expenses like high-quality coffee beans, milk, staff, marketing, and distribution can vary but are essential budget items.
With realistic budgeting, finding quality suppliers, and executing well, your dreams of starting a coffee brand can become reality. Share your thoughts on what makes a coffee shop successful below!