start-up budget

jpgreer

New member
Jun 22, 2010
1
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Greetings all,
I am planning to open a coffeehouse/beverage bar late this year or early 2011 and I really need some input about first-year budget projections, esp. in light of current economy.

Context/background:
-will serve wine and beer as well as coffee, tea and fruit/soft drinks, snacks, bulk coffee/tea and related merchandise.
- Location: Chicago suburb with above-average household income, on the train line, no other indie shops in area--one chain store and one bagel chain outlet.
- According to the data on Reference USA, comparable indie drink cafes in this area have an average income of $484,000 (vs. $818,000 for chains)
- my coffee purveyor says he has established indie shops grossing over $1 milllion/year.

Given this, I'm projecting $258,000 gross for first year, split as follows:
beverages 56%
food 40%
bulk tea/coffee/merchandise 4%

COGS:
beverage 30%
food (packaged and pre wrapped) 35%
bulk tea/coffee/merchandise 50%

Any and all advice about these numbers will be gratefully received.
Many thanks,
Julianna Greer
 

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