How Much Money Do I Need to Open a Small Coffee Shop?
Starting a small coffee shop requires finding the right location, implementing a unique business concept, and creating a positive atmosphere to brew perfection. To start a coffee shop on a small budget, start small. Identify your target audience and their preferences. Set up the business properly by obtaining licenses, permits, space, supplies etc. Building a profitable, sustainable coffee shop takes careful planning, hard work and perseverance.
Cost Breakdown for Different Coffee Business Types:
- The average brick-and-mortar coffee shop can cost between $25,000 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.
- The cost of opening a coffee food truck or kiosk is on the lower end, and including both seating and drive-thru coffee is higher.
- The average cost to open a single coffee shop with seating is between $80,000-$300,000.
Opening a Small Bakery: Costs and Considerations:
The amount of money you need to open a small bakery will depend on the size and scope of your business. Generally, most bakeries will require a start-up cost between $10,000 – $50,000 which includes inventory, equipment, supplies and other necessary items.
Planning Your Coffee Shop Business Wisely:
It’s crucial to think about the big factors from the beginning in order to stay within your budget. Before you jump into the process of opening a successful coffee shop, let’s get into the cost of starting a café and get you a step closer to opening day.
As expected, it will cost you money to hire expert trainers that will help you train and bring your new hires up to speed, and that will add to the overall cost of opening a coffee shop.