REVscene Automotive Forum - View Single Post - What does Revscene want in a Coffee House

Marshall Placid · 12-21-2015, 09:11 PM

Any plans to franchise the business out?

If you are going to open up a coffee shop, you'll have to think big... as in 5 or more company-owned, or 20+ franchised.

IMHO, a coffee shop's financials is similar to a convenience store, and it's a hard business.

Restaurants and coffee shops are among the hardest types of businesses to start.

If successful, it'll be a one shop thing (and like kr4l mentioned, he was working his butt off), so plan ahead and think about expanding right from the get-go.

Get a coffee-concept going that differentiates yourself from competitors and duplicate in the Lower Mainland with 10 to 20 stores.

There is where your 10+ industry experience comes in.

It's going to be risky by differentiating, but this is up to your risk-tolerance level.

The key is to manage (work smart, not hard), but you can't do this if you only have one shop, so there is where opening more than 1 shop comes into play.

You can use your previous experience (you mentioned in your first post) AND this successful (hopefully) new coffee shop (after 1 or 2 years of financials) to:

1- Get franchisees
2- Shop around for investors to invest in your corp. to open more coffee shops.

Good luck.

12-21-2015, 09:11 PM	#69
Marshall Placid Revscene.net has a homepage?! Join Date: Jan 2013 Location: Richmond Posts: 1,295 Thanked 1,934 Times in 494 Posts Failed 31 Times in 15 Posts	Any plans to franchise the business out? If you are going to open up a coffee shop, you'll have to think big... as in 5 or more company-owned, or 20+ franchised. IMHO, a coffee shop's financials is similar to a convenience store, and it's a hard business. Restaurants and coffee shops are among the hardest types of businesses to start. If successful, it'll be a one shop thing (and like kr4l mentioned, he was working his butt off), so plan ahead and think about expanding right from the get-go. Get a coffee-concept going that differentiates yourself from competitors and duplicate in the Lower Mainland with 10 to 20 stores. There is where your 10+ industry experience comes in. It's going to be risky by differentiating, but this is up to your risk-tolerance level. The key is to manage (work smart, not hard), but you can't do this if you only have one shop, so there is where opening more than 1 shop comes into play. You can use your previous experience (you mentioned in your first post) AND this successful (hopefully) new coffee shop (after 1 or 2 years of financials) to: 1- Get franchisees 2- Shop around for investors to invest in your corp. to open more coffee shops. Good luck. Last edited by Marshall Placid; 12-21-2015 at 09:38 PM.