View entire thread: For you Coffee Shop Owners...a Question???
Posted by JavaJoe on 2004-11-29 09:49:15 Post Subject: For you Coffee Shop Owners...a Question???
Can any of you Coffee Shop owners please help me out with some info? I am about to sign on the dotted line for a Barnie's Coffee & Tea Franchise, and I am trying to figure out how much my monthly expenses will be so that I can see what kind of revenue I have to generate to earn a profit. I need your help to fill in the gaps. The figures below represent known amounts for items such as Rent, CAM, etc, and for the other items such as Salaries, Electricity, I am guesstimating. Can you provide me with figures of any expenses you feel I am leaving out? Also, here is the BIG question, how can I guesstimate the Cost of Goods Sold (coffee, cups, napkins, etc)? If I sell $500,000 worth of revenue in one year, what will that revenue cost me in terms of buying the goods that I sold...10%, 20%, 50%???
Thanks so much for the help!
Rent $3,619
Property Tax $235 (6.5%)
CAM $630 ($4/sqft)
Loan Service $2,453 (Based on a $200,000 loan amount)
Insurance (Liability, Worker’s Comp) $600
Electricity $1,000
Water $1,000
Phone $100
Cable TV & WIFI $100
Payroll $6,690 (1 full time Manager at 7-9% of gross sales salary, plus 420 monthly hours of Part Time help at $7/hr)
Manager is paid on a sliding scale based on annual revenue...<$400,000 @ 7%, $400,000-$500,000 @ 8%, >$500,000 @ 9%
Franchise Royalties, adv fees, misc. Franchise fees, etc. $4,167 (based on 10% of $500,000 annual revenue)
So far, my monthly expenses are $20,594.
PLUS the following that I need to determine...
Cost of Supplies based on revenues of $300,000, $400,000, and $500,000
ANY OTHER COSTS/EXPENSES I AM LEAVING OUT
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Posted by JavaJoe on 2004-11-29 09:49:15 Post Subject: For you Coffee Shop Owners...a Question???
Can any of you Coffee Shop owners please help me out with some info? I am about to sign on the dotted line for a Barnie's Coffee & Tea Franchise, and I am trying to figure out how much my monthly expenses will be so that I can see what kind of revenue I have to generate to earn a profit. I need your help to fill in the gaps. The figures below represent known amounts for items such as Rent, CAM, etc, and for the other items such as Salaries, Electricity, I am guesstimating. Can you provide me with figures of any expenses you feel I am leaving out? Also, here is the BIG question, how can I guesstimate the Cost of Goods Sold (coffee, cups, napkins, etc)? If I sell $500,000 worth of revenue in one year, what will that revenue cost me in terms of buying the goods that I sold...10%, 20%, 50%???
Thanks so much for the help!
Rent $3,619
Property Tax $235 (6.5%)
CAM $630 ($4/sqft)
Loan Service $2,453 (Based on a $200,000 loan amount)
Insurance (Liability, Worker’s Comp) $600
Electricity $1,000
Water $1,000
Phone $100
Cable TV & WIFI $100
Payroll $6,690 (1 full time Manager at 7-9% of gross sales salary, plus 420 monthly hours of Part Time help at $7/hr)
Manager is paid on a sliding scale based on annual revenue...<$400,000 @ 7%, $400,000-$500,000 @ 8%, >$500,000 @ 9%
Franchise Royalties, adv fees, misc. Franchise fees, etc. $4,167 (based on 10% of $500,000 annual revenue)
So far, my monthly expenses are $20,594.
PLUS the following that I need to determine...
Cost of Supplies based on revenues of $300,000, $400,000, and $500,000
ANY OTHER COSTS/EXPENSES I AM LEAVING OUT
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View entire thread: For you Coffee Shop Owners...a Question???
Posted by everydaygourmet on 2004-12-13 23:36:37 Post Subject: Re: For you Coffee Shop Owners...a Question???
Can any of you Coffee Shop owners please help me out with some info? I am about to sign on the dotted line for a Barnie's Coffee & Tea Franchise, and I am trying to figure out how much my monthly expenses will be so that I can see what kind of revenue I have to generate to earn a profit. I need your help to fill in the gaps. The figures below represent known amounts for items such as Rent, CAM, etc, and for the other items such as Salaries, Electricity, I am guesstimating. Can you provide me with figures of any expenses you feel I am leaving out? Also, here is the BIG question, how can I guesstimate the Cost of Goods Sold (coffee, cups, napkins, etc)? If I sell $500,000 worth of revenue in one year, what will that revenue cost me in terms of buying the goods that I sold...10%, 20%, 50%???
Thanks so much for the help!
Rent $3,619
Property Tax $235 (6.5%)
CAM $630 ($4/sqft)
Loan Service $2,453 (Based on a $200,000 loan amount)
Insurance (Liability, Worker’s Comp) $600
Electricity $1,000
Water $1,000
Phone $100
Cable TV & WIFI $100
Payroll $6,690 (1 full time Manager at 7-9% of gross sales salary, plus 420 monthly hours of Part Time help at $7/hr)
Manager is paid on a sliding scale based on annual revenue...<$400,000 @ 7%, $400,000-$500,000 @ 8%, >$500,000 @ 9%
Franchise Royalties, adv fees, misc. Franchise fees, etc. $4,167 (based on 10% of $500,000 annual revenue)
So far, my monthly expenses are $20,594.
PLUS the following that I need to determine...
Cost of Supplies based on revenues of $300,000, $400,000, and $500,000
ANY OTHER COSTS/EXPENSES I AM LEAVING OUT
Franchise reps make comissions on selling you their franchises...they will tell you anything to sign, and sign quick.
Don't do it....if you do not have these answers get the answers.
This is the age of the internet...you found this website, now you start digging, and finding real info.
I got roped into a franchise, who told me that Subway was a scam, and would never make it. My franchise was out of business in 3 years, and I went under 6 years later when Subway (the guy who bought the franchise after I told them to get lost) opened this 3rd store.
He is a millionaire....and I'm still working (hard I might add) to make a living, and no retirement in sight.
good thing I found Double Americano's to help me in my old age. 
Take a night (or a week or a month) and keep digging.
Good luck
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Posted by everydaygourmet on 2004-12-13 23:36:37 Post Subject: Re: For you Coffee Shop Owners...a Question???
Can any of you Coffee Shop owners please help me out with some info? I am about to sign on the dotted line for a Barnie's Coffee & Tea Franchise, and I am trying to figure out how much my monthly expenses will be so that I can see what kind of revenue I have to generate to earn a profit. I need your help to fill in the gaps. The figures below represent known amounts for items such as Rent, CAM, etc, and for the other items such as Salaries, Electricity, I am guesstimating. Can you provide me with figures of any expenses you feel I am leaving out? Also, here is the BIG question, how can I guesstimate the Cost of Goods Sold (coffee, cups, napkins, etc)? If I sell $500,000 worth of revenue in one year, what will that revenue cost me in terms of buying the goods that I sold...10%, 20%, 50%???
Thanks so much for the help!
Rent $3,619
Property Tax $235 (6.5%)
CAM $630 ($4/sqft)
Loan Service $2,453 (Based on a $200,000 loan amount)
Insurance (Liability, Worker’s Comp) $600
Electricity $1,000
Water $1,000
Phone $100
Cable TV & WIFI $100
Payroll $6,690 (1 full time Manager at 7-9% of gross sales salary, plus 420 monthly hours of Part Time help at $7/hr)
Manager is paid on a sliding scale based on annual revenue...<$400,000 @ 7%, $400,000-$500,000 @ 8%, >$500,000 @ 9%
Franchise Royalties, adv fees, misc. Franchise fees, etc. $4,167 (based on 10% of $500,000 annual revenue)
So far, my monthly expenses are $20,594.
PLUS the following that I need to determine...
Cost of Supplies based on revenues of $300,000, $400,000, and $500,000
ANY OTHER COSTS/EXPENSES I AM LEAVING OUT
Franchise reps make comissions on selling you their franchises...they will tell you anything to sign, and sign quick.
Don't do it....if you do not have these answers get the answers.
This is the age of the internet...you found this website, now you start digging, and finding real info.
I got roped into a franchise, who told me that Subway was a scam, and would never make it. My franchise was out of business in 3 years, and I went under 6 years later when Subway (the guy who bought the franchise after I told them to get lost) opened this 3rd store.
He is a millionaire....and I'm still working (hard I might add) to make a living, and no retirement in sight.
good thing I found Double Americano's to help me in my old age. Take a night (or a week or a month) and keep digging.
Good luck
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