Quote:
Originally Posted by tiger_handheld
LOL 2 years of operations and then franchise??? Take it easy there dragon!
it's a coffee shop, not a tech venture with VC's angels and seed money.
everyone throws around scaling like it's motherhood and apple pie, but look what happened to Target. Now look at Nordstrom.
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Although the I agree with what you're saying to an extent, if you don't start your business with the mentality of opening more or franchising, it'll be very hard to make it happen later on. You should train your staff right off the bat like a franchise would, and have standard recipes, creating a brand etc etc. instead of implementing it when you decide it's time to franchise or grow. When your staff have been doing things one way, and you decide to change the way it's done to make it franchisable, it's actually very hard to implement that into your staff.
Also set goals for yourself. For example. When I opened my shop, after the experience I had with my first cafe and working like a dog, I said ok after 3 months I need to have everything standardized. After 6 months to be hands off. After 1 year, I need to expand to a second store. 2 years 3 stores. So far so good.
However, franchising a coffee establishment is damn near impossible with all the other easy accessible options available.
Failure rate for the food business is also close to 99%. Our old commercial real estate agent was like top 1% yadda yadda sales guy. Awards. All that jazz. Turns out, he keeps selling the same businesses over and over because they all fail and each year he would come visit me and ask if I was selling. I told him I was $xx and he straight up laughed in my face. I ended up finding a buyer on Craigslist for close to asking.