Advice on Starting A Coffee Business – I Need Coffee how to invest in gold using cpf

Don’t forget to check with zoning and restaurant health inspection departments and make sure that they will allow you to open and operate such a concept on that location. This is especially important for the drive-thru locations. The design

Besides an attractive visual design, your espresso station must be also designed for speed and efficiency of service so your customers don’t have a long wait. There have been times when I had to wait ten minutes to get served my latte, with only a few people ahead of me. Slow, sloppy service like that may reduce the number of drinks that you sell in a given time period, reflecting directly on your revenues. It will also upset your customers, which will also affect your revenues.

If your menu is meaningless and confusing to a new customer, the customer will end up asking for the most familiar item, “house coffee”, and you won’t be able to develop an espresso drink customer base.How to invest in gold using cpf

think about the price difference between a cup of house coffee and a latte! That difference is almost pure profit. I believe that one of the best ways to build your coffee business is by developing an effective, customer friendly espresso drink based marketing program. By achieving that you will make more money for yourself and be in a stronger position against your competition.

After twenty-seven years in this business, I have come to the conclusion that the single most important factor-besides the location- for the success of an espresso operation is whether the owner, the CEO or the person responsible for the overall project is an espresso based drink consumer himself or herself, and understands what a properly prepared drink should taste like.

Unfortunately, properly prepared espresso drinks are hard to find in most parts of this country.How to invest in gold using cpf so when a prospective CEO or a future franchise owner of a bagel shop, for instance, has his or her first “espresso experience” at a place that has no clue, and that first sip proves to be unpleasant or indifferent, these CEO’s never develop a taste for espresso and are probably wondering what all that excitement is all about.

With such a mind set, espresso based drinks won’t be on the priority list of many owners and espresso drinks will represent only a minor part of their revenues. Most of the coffee sold will be of the “regular” type. This will result in lower revenues, lower customer satisfaction and the failure of providing the customer with a compelling reason to return on a daily basis.

If your customers do not like the taste of your espresso based drinks because of faulty preparation techniques, they either won’t order it again or won’t come back.How to invest in gold using cpf unfortunately, most of the espresso served in this country has no relation to the real thing, and the only way it can be consumed is by drowning its thin, overheated, bitter, flavorless, overpriced taste in some fancy flavored syrup. By the way, the taste of an espresso based drink has more to do with the way it is prepared, than with the coffee or equipment being used. I had some tasteless cappuccinos prepared with $11.00 a pound coffee with a $10,000 machine, and some excellent ones made from $5.00 a pound and a $3000 machine.

You may be surprised to know that most of the espresso operations in this country do not understand how to properly prepare espresso based drinks. By “properly”, I mean good tasting drinks made fast. Though taste is subjective, most of the customers, when tasting the same coffee, prepared with the same machine, but one cup made “right”, and the other made following the training guidelines of the operation, will taste the difference and prefer the “right” cup 95% of the time.How to invest in gold using cpf

What is the use of blending and roasting the best coffee in the world if it becomes unpalatable during the preparation stage at the retail level, and the only way it can be consumed is by drowning its bad taste with flowered syrups? What it takes to be successful

To be really successful in the coffee bar business you must make coffee drinks your main product, and from these, espresso based drinks should account for at least 50% of your total sales. In many of the most profitable and successful coffee bars, espresso based drinks account for over 65% of their total gross sales.

You can brew around 50 cups of regular coffee from the same pound, and sell it at $1.00 a cup. That is around $45.00 gross profit! Add the cost of a paper cup, lid, sugar, cream, and that brings the cost to around 25 cents per cup.How to invest in gold using cpf you make 75 cents a cup.

Now, let’s go a step further: suppose that most of the coffees sold are espresso based drinks, you would still pay from $5.50-$7.00 a pound for the beans and produce, on the average, around 60 shots from a pound at a cost of around 12 cents for a single shot. Add for the cup, milk, etc., and that would bring the cost of a cappuccino or latte to around 35 cents. But your sale price per cup, on the average, would be around $2.00. You make $1.65 a cup! That would make an enormous positive impact on your bottom line! Sample statements

Let me be more specific about coffee houses: all the equipment (espresso machine, grinders, refrigerators, ice machine, sinks, etc.) that you will need to operate a coffee/bar house will be approximately $18,000, the rest will be used for remodeling costs, furnishings, signs etc.How to invest in gold using cpf I opened stores from $17,000 to $120,000 for myself, and from $63,000 to $187,000 for my clients. I served as a consultant to clients that opened coffee bars/houses ranging in total initial investment from $50,000 – 187,000. Considering that starbucks invests around $325,000 to open a store, my clients did OK!

Your start-up investment to open a coffee bar may vary greatly with the chosen location. Though the cost of the equipment will remain the same, around $18,000, the remodeling costs may go from $30,000 to $250,000 or more, depending on the quality of the location and the surrounding stores. Obviously, if you are opening in a prestige location the landlord will demand a sizable investment to make the store look good, comparable to the adjacent stores. They won’t even talk to you unless you can show them that you have enough capital to develop such a project.How to invest in gold using cpf resources