A 2010 survey by the National Coffee Association indicated that over 100 million people drink coffee on a daily basis and that nearly 60 million more occasionally consume coffee. Based on average drinking habits, the daily coffee drinker will consume multiple cups per day – totalling hundreds of millions cups of coffee being consumed every 24 hours.
Such enormous consumer demand coupled with the growing trend toward gourmet coffee presents an opportunity for the enterprising coffee lovers to take their double shots at generating income while working in an industry which makes their coffee passions percolate.
Coffee-loving entrepreneurs can choose from a wide range of opportunities available to find ones that best matches their tastes. Interested in starting small? Start with a couple machines and a cart. More grande ambitions? Consider a coffee shop franchise.
The Specialty Coffee Association of America’s “Market Report” forecasts that the number of coffeehouses in the U.S. will grow to 15,000 by the year 2006. Will one of those coffeehouses be yours?
You can take a couple different paths can to starting your own coffee shop themed business. One option is to buy the equipment and supplies yourself, building your own identity and business systems. The other option is to purchase a franchise and benefit from their proven image, proven systems, and established supply chains. Let’s look at some examples of coffee related businesses that you could start for yourself.
For a more turn-key type of operation, The Coffee Beanery, a global franchise based in Michigan, provides franchisees with a wide menu of coffee based drinks as well as an attractive breakfast and lunch menus. The franchisee benefits from a proven image, a proven menu, a fully developed method of operation, and an established supply chain. It might cost more to purchase a franchise, but if you are new to business, the long term benefits might outweigh the short term higher start-up costs.
Coffee News USA is a third type of coffee related business opportunity. Unlike the previous two examples, Coffee News USA does not involve making and selling coffee beverages. Instead, Coffee News is publishing opportunity in which the franchisee provides a free local edition of the weekly Coffee News newspaper to restaurants and coffee shops. The franchisor provides most of the content, and the franchisee sells advertisements to generate income.
These three business opportunities a just a few of the coffee related businesses that are available for coffee lovers. Most of the other opportunities are franchises, but not all franchises are created equal. Examining each business opportunity carefully can bring to light some important differences that might lead you to an opportunity that is better suited to you than another.