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Thread: Newbie question

  1. #1
    Junior Member
    Join Date
    Dec 2007
    Posts
    3

    Newbie question

    Hi everyone...I found this forum while doing some searching on the web and I have to say it''s a wealth of information...I have read through a lot of the posts, but have a few questions that I''m hoping I can get some help with.

    I currently work as a graphic designer and I am happy with my job but I''ve been feeling the desire to do something different for a while now...my passion is baking and cooking, but I''m well aware that being a chef is a nightmare so I have no desire to do that. I have been thinking about possibly opening a bakery or cafe, but have just really seriously started thinking about it...

    Now I have absolutely no retail or restaurant experience...all my jobs have always been office related...so I was planning to get a part time job in a bakery after the holidays and to also take a restaurant/cafe class to learn more about the business and to help me gain an understanding of what I''m in store for.

    How does this relate to coffee??? Sorry! I came across a coffee shop/cafe for sale in the resort town where we own a condo (and where we were planning on moving FT in the next year or so). This is a small but very vibrant resort town, and this is the only coffee shop around for at least 10 miles...it has been in business for quite a while and has gone through some extensive renovations, it''s in a great location and has had substantial growth in the last four/five years. I contacted the real estate it''s listed with for information and got some basic info, but I can''t get financials unless I sign a confidentiality agreement. There is room for further growth, as it''s only open til 6, and there is room for entertainment/meals etc...

    Now, I realize that with my lack of experience, I''m in no position to pursue this (though I will admit I have had moments of really wanting to) so my questions are: how much easier is it to purchase a business that''s already up and running? What should I look for in a business that''s for sale? Asides from working in the field, how else can I prepare? I am NOT a coffee guru - though I know the basics, I cannot lie and say that I''m an expert by any means...would it be stupid to even pursue a coffee shop if I''m not a coffee fiend? (I only ask as this is more of a cafe - though they serve many types of coffee, they do a fairly brisk business with baked goods and sandwiches, etc). Do I have to be a coffee guru even if it already has an established client base/quality product?

    Thank you everyone, I apologize for the long post!!

  2. #2
    Senior Member
    Join Date
    Jan 2007
    Location
    Salt Lake City
    Posts
    1,045
    The search function will serve you well on this question.
    John Piquet
    caffe d'bolla
    Salt Lake City, UT
    caffedbolla.com

 

 

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