- Oct 7, 2015
Hello everyone, I hope maybe someone on here can help me out. My wife and I have an opportunity to purchase an existing coffee shop. It is in a prime location and sales are good. However the expenses are through the roof. The current owner does not put in the time or effort to make the business successful. My wife and I think we can do a much better job between the two of us. She has a business degree and has been a customer service manager, operations manager and more in corporate America with some big companies. We ant to do an adventure together. I have culinary experience as a chef, and also coffee experience as a barista. I am creative and a work horse and I know that as a team we can turn this shop around. The coffee shop is averaging $25,000 to $28,000 a month in sales. Expenses are around $24,000 to $27,000. This is without any marketing at all being around Dr,s offices, 3 Schools including High, Jr High and elementary, a huge church, and a huge Engineering firm that employees 1300 people. It is on a very busy road that people take as a short cut and on a corner lot of the shopping center with 7 other businesses. It has a drive through. So it has a lot to offer for success, just poorly managed. My best friends daughter works there and gives me some inside scoop as to the operations and agrees that I could do better. Now my question is to anyone who may be doing the same or around the same in sales, could you offer an average food and supplies cost per month. Or any helpful advice would be greatly appreciated. I am putting my business plan together and right now with these numbers I dont think a bank will lend the money to purchase this business. But if I do it based of my projections and the things I know I can change to save expenses, I believe I have a better chance.