ForumsStarting a Business

Start My Own Espresso Coffee Business, Welcome

GO FOR IT. How old are you?? Do you have anything holding you back??
Do you have the funds??
As tonyharris said all you need is a Business Plan.
Do you know about SCORE?? SCORE is FREE and can help

Good luck, LUCKIEST

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Start My Own Espresso Coffee Business, SCORE is FREE

SCORE "Counselors to America's Small Business" is a nonprofit
association dedicated to educating
entrepreneurs and the formation,
growth and success of small business nationwide.
SCORE is a resource
partner with the U.S. Small Business Administration (SBA).

SCORE can help you succeed

Again, LUCKIEST

How about this idea? If your friend is doing well with his three plus locations, how about using him as a resource to get the info that you need? Or what about you and the friend do a partnership on a new store for you. If things go well, then maybe you can buy him out. He wins as he another store making money and he doesn't have to involved as it will be your store. He gets payback on his loan when you buy him out. You have the opportunity to open your own store, his expertise in operations and when you buy him out, you get the store all to yourself.

Just an idea.

Jim

Great idea puzzleman..Same answer has been posted at another forum site, I think at http://www.schmoozii.com. I think I'll do what you suggested puzzleman and to that guy over at schmoozii.com

Hello,

i am interested in funding your project as long as it is worth it.
Can you kindly email me with more better details as regards to it for my perusal
and more.

Kind Regards,

Mandy

Tonyharris,

Great observation.

Judging from the number of Starbucks cups I see here each morning, I don't think so. I think Starbucks lost their way a little and what we are seeing now is a correction. Most of the industry markers are showing a growth for coffee and teas, but it is becoming more segmented. People are looking for specialty drinks.

Not to highjack this, but the Starbucks problem was opening too many units too close to each other. In Dallas, you can find two Starbucks almost across the street from each other. Imagine the costs of running two stores within walking distance?

Another trend we are tracking is the move towards smaller, locally owned businesses - for some reason people are starting to move back to supporting local businesses. Without going into more than I can say, the "big boys" are noticing that the "mom's & pa's" are cutting into their business. One account I am very familar with is starting to track the flow of business to the smaller competitors - which is a first for them. I think we are at the beginning of an interesting shift in consumer thinking.

I say open your own or partner with your friend but hold onto your independence, it may be a plus.

I wouldnt say that the coffee business is "dead" . Aside from a good business plan is "location". If you can find a good busy location, then you're good to go, who doesnt like coffee anyway. Everyone loves coffee.