winderbean
New member
Hi all. I am new to this forum and I need your help.
My wife and I are looking to open a new coffee house in our neighborhood but we aren't sure if we have the right location or not. Here's the "skinny":
We live near a fairly affluent part of Orlando, FL. The road we are looking to place the coffee house has nothing on it for 4 miles in each direction (when I saying nothing I mean no other businesses or strip malls, it's all residential and it is growing like crazy, the pop in a 3 mile radius is 6,000 people and is expected to jump to 9,000 in the next 2 years. The 5 mile radius pop is 39,000).
The county has just approved a strip mall for the road. It will have a dry cleaner, chinese rest, wing bar and grill, dentist, pool supply store, nail salon and if doable, my coffee shop.
The average number of cars per hour between 7 - 8AM is approx 700. and road is always "buzzing". The are more cars going South than north and I would be on the North side (450->South ... 250->North) however there is easy access to our parking lot from either side of the road. OUr shop faces the road also.
My rent would be 3,900/month for 1400sqft which includes the Common area
I want to sell espresso, coffee, danish, muffins, bagels and specialty desserts. I spoke to neighbors and they all say "it would be great for the area" since the nearest starbucks or other coffee shop is 15 minutes away (their is a conveniece store 5 miles away that sells watered down coffee though.)
I am concerned that 1) it's not in a high foot traffic area and 2) I am not sure how many vehicles to expect each day. The lease calls for 5 years commitment and that makes me a little nervous.....especailly if the traffic doesn't come.
I really think I can draw the Mom's and the young adults in the area by offering wifi internet access (hotspot) and by having weekend entertainment but I am new to this and maybe a little Naive? If we are the only spot in town won't that help?
Can anyone provide there experienced 2 cents...help is appreciated.
My wife and I are looking to open a new coffee house in our neighborhood but we aren't sure if we have the right location or not. Here's the "skinny":
We live near a fairly affluent part of Orlando, FL. The road we are looking to place the coffee house has nothing on it for 4 miles in each direction (when I saying nothing I mean no other businesses or strip malls, it's all residential and it is growing like crazy, the pop in a 3 mile radius is 6,000 people and is expected to jump to 9,000 in the next 2 years. The 5 mile radius pop is 39,000).
The county has just approved a strip mall for the road. It will have a dry cleaner, chinese rest, wing bar and grill, dentist, pool supply store, nail salon and if doable, my coffee shop.
The average number of cars per hour between 7 - 8AM is approx 700. and road is always "buzzing". The are more cars going South than north and I would be on the North side (450->South ... 250->North) however there is easy access to our parking lot from either side of the road. OUr shop faces the road also.
My rent would be 3,900/month for 1400sqft which includes the Common area
I want to sell espresso, coffee, danish, muffins, bagels and specialty desserts. I spoke to neighbors and they all say "it would be great for the area" since the nearest starbucks or other coffee shop is 15 minutes away (their is a conveniece store 5 miles away that sells watered down coffee though.)
I am concerned that 1) it's not in a high foot traffic area and 2) I am not sure how many vehicles to expect each day. The lease calls for 5 years commitment and that makes me a little nervous.....especailly if the traffic doesn't come.
I really think I can draw the Mom's and the young adults in the area by offering wifi internet access (hotspot) and by having weekend entertainment but I am new to this and maybe a little Naive? If we are the only spot in town won't that help?
Can anyone provide there experienced 2 cents...help is appreciated.
