koffeekettle
New member
Hello. I am new to this forum, but from what I've seen it seems like there are plenty of experienced people on here that are willing to help. Thank you in advance.
So here's my siutation - In April of 2005 my boyfriend's parents bought took over an exisiting coffee shop, but have really strugled ever since. I moved to the area in June and have been trying to help them out as much as I can. When they bought the shop they didnt look into things too much and basically went into it without any knowledge of coffee or business for that matter. We later found out that under the previous owner the shop had a reputation for being very dirty and rude to customers. So we are fighting to change that reputation which has been a slow process.
The location isnt bad, just not great either. Its in a shopping center near several business offices and the main hospital. It's tucked away though, so many people don't know that we are there. I know that there is potential in the shop, we just need to spread the word and with no extra money for advertising, this makes things a bit difficult. Before "mean dirty man" owned the shop, it was owned by a small group of ladies who did very well there. Things just went down hill after he took it over.
They have been considering selling the business, which kills me because I have personally invested so much of my time and energy already- developing menus, marketing stuff, pricing, a new website, etc- and I'd hate to just give up. I am really miserable at my current job so I am thinking about becoming a partner in the coffee shop so that we get a business loan and turn things around.
I realize that it is a big risk, especially because I am so young (23) but I know it can work. I think the main reason that it hasn't yet (besided the reputation thing) is they jumped into it without any sort of business plan or business knowledge for that matter. I'm not saying that I know it all (far from it) but I do have expreience with small business and am confident that if I was able to devote all my energy to it that it would be successful. I already have my BA (in psychology) and do not plan to have kids in the next few years so I would be totally focused.
Am I crazy? Any suggestions, advice?
Sorry it got so wordy.
So here's my siutation - In April of 2005 my boyfriend's parents bought took over an exisiting coffee shop, but have really strugled ever since. I moved to the area in June and have been trying to help them out as much as I can. When they bought the shop they didnt look into things too much and basically went into it without any knowledge of coffee or business for that matter. We later found out that under the previous owner the shop had a reputation for being very dirty and rude to customers. So we are fighting to change that reputation which has been a slow process.
The location isnt bad, just not great either. Its in a shopping center near several business offices and the main hospital. It's tucked away though, so many people don't know that we are there. I know that there is potential in the shop, we just need to spread the word and with no extra money for advertising, this makes things a bit difficult. Before "mean dirty man" owned the shop, it was owned by a small group of ladies who did very well there. Things just went down hill after he took it over.
They have been considering selling the business, which kills me because I have personally invested so much of my time and energy already- developing menus, marketing stuff, pricing, a new website, etc- and I'd hate to just give up. I am really miserable at my current job so I am thinking about becoming a partner in the coffee shop so that we get a business loan and turn things around.
I realize that it is a big risk, especially because I am so young (23) but I know it can work. I think the main reason that it hasn't yet (besided the reputation thing) is they jumped into it without any sort of business plan or business knowledge for that matter. I'm not saying that I know it all (far from it) but I do have expreience with small business and am confident that if I was able to devote all my energy to it that it would be successful. I already have my BA (in psychology) and do not plan to have kids in the next few years so I would be totally focused.
Am I crazy? Any suggestions, advice?
Sorry it got so wordy.