Every year, hundreds of coffee shops across the country flourish–but for every successful shop, there’s another that failed within the first year of business. So what makes for a successful coffee shop? We train many successful Coffeepreneurs® every year and have identified several themes behind their shops’ profitability. Read on to learn how innovation, customer service, and profitability can make YOUR coffee shop thrive.
At Texas Coffee School, innovation and entrepreneurship go hand in hand.
A Motorcycle Garage Sees a Business Growth Opportunity
Not long ago, Pop’s Garage Fabrication was a busy motorcycle repair and fabrication shop in Roswell, Georgia. The business occupied one half of a 10,000 square foot building in a high-trafficked area, dense with car and motorcycle dealerships. Business partners Colin McDonald and Gordon Erickson saw a business growth opportunity when their direct neighbor, a kitchen and bath store owner, decided to retire and sell his half of the building.
As in-person dining and socializing slowly re-enter our everyday life this year, opportunities abound for Coffeepreneurs® like you to grow your coffee business. Try these impactful ways to increase revenue and expand your business in 2021 and 2022!
1. Commit to Quality and Consistency
When the hardworking customer rushes into your door for their morning coffee to-go, the mom of three swings by for an afternoon pick-me-up, or the college student settles in to a table for coffee and snacks while they study,
Even in an ever-changing world, cafe entrepreneurship can be a meaningful road to career fulfillment. The fundamentals of success remain the same in 2021 as they did two, ten, and twenty years ago. Identifying a prime location, connecting with an intentional audience, being resilient, flexible, and innovative are all factors that will help you build a solid business foundation.
We’ve been teaching students how to make the perfect cup of coffee for over a decade.
Aspiring entrepreneurs from all over the world come to our classes with a dream of opening a successful coffee shop. Often, they’ve funneled creative energy into envisioning the concept, the space, the menu, and the name. Now, there’s one major hurdle that seems to be the source of all their questions: money. What are some of the most common questions we hear about coffee shop finances?