Responsibilities and Considerations of a Coffee Shop Owner
A coffee shop owner is someone who owns and operates a coffee shop business. As the store owner, you have the ultimate responsibility for the store’s success—from the products to the people to the building itself. You must plan well to find career satisfaction and bring joy to others.
Financial Aspects and Business Model Options
The educational requirements for coffee shop owners can vary depending on the type of coffee shop and the location. An owner can make between $50,000 and $175,000 per year. The cost of opening a new restaurant ranges from $50,000 to $75,000. You’ll need to decide between establishing an LLC or a sole proprietorship. On average, a small to medium-sized coffee shop can earn anywhere from $60,000 to $160,000 in personal income for the owner.
Wages and Other Details
Many specialty coffee shops pay decent hourly wages. Baristas typically receive better pay than servers and bartenders. In England, a coffee shop might be referred to as Café or Caffé.