How Much It Costs To Open A Coffee Shop Business | Cafe Restaurant 2022
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👀 ABOUT THIS VIDEO
I know a ton of people are wanting to open a coffee shop business or cafe business. And I know a ton of you are curious to know exactly how much costs to open a coffee shop. That way, you can properly add to your coffee shop business plan and see how much money you need to save up or get funding. I break down all the essential components that you should account for when thinking about the cost to open a cafe like concept, location, design, marketing, coffee equipment and more.
So if you're looking to start a coffee shop, open a cafe business, am a food entrepreneur, looking to start a food business..then keep on watching!
How Much It Costs To Open A Coffee Shop Business
• How Much It Costs To O...
• How Much It Costs To O...
#startingacoffeeshop #costofopeningacoffeeshop #coffeebusiness
Chapters:
0:00 Intro
1:11 How much it costs to open a coffee shop business
3:13 1.Component to Coffee Shop Cost: Business Plan
3:59 2.Component to Coffee Shop Cost: Location
4:16 Variable to location cost: Foot Traffic
4:38 2nd Variable to location cost: Size of Unit
5:31 3rd Variable to location cost: Renovation
7:33 4th Variable to location cost: Misc. Costs
8:20 3.Component to Coffee Shop Cost: Equipment
12:47 4.Component to Coffee Shop Cost: POS
13:59 5.Component to Coffee Shop Cost: Interior & Exterior
17:24 6.Component to Coffee Shop Cost: Insurance & Licenses
18:15 7. Component to Coffee Shop Cost: Staffing
19:55 8th Component To Coffee Shop Cost: Marketing
23:20 Secret To A Profitable Food Business
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I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.
My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them.
I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.
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Me at the age of 17 planning to open a cafe next year. Praying for it. 😇
Best of luck! Praying for you as well :D Let us know when it’s open!
What city are you in? Planning to start your coffee business?
How did you get the money at 17 to open it :V
May I supply you with green Coffee beans from Uganda ?
Congreats🎉🎉
it can be done with 10.000 dolars. You do not have to buy everything new and you can also rent the stuff you need. Just pay atention to location, stuff members, concept and be a friend with all the people who are stepping in.
True
I’m like… 100k for a espresso machine?🤣🤣
@@adanneholman2098 scary right!!!!!
The machine alone is 15-20k. 100,000 is absolutely the correct number, even in Europe
@@jmlepunk thats not true at all. There are great machines which do a great job for 2-5k. You dont need the best machine on the market. And the machine isnt even that important. Beans you you use, blender barista etc are all way more important than the machine. I know people who opened cafes in germany and spain for 15-40k and they looked amazing and are still running
thanks so musch for all the info. i really enjoyed an appriciate your videos. you are the best.
Much love now I know what to do to open my coffee shop in CA Santa Monica there is always foot traffic my shop will be there, much love and I appreciate you brother
super helpful, keep it comin
This is such an informative video and can be applied to so many food restaurants. Thank you v much for sharing this for the beginners
Great contents! Very informational..👍
Thanks for this awesome vlog, Wilson! If I've learned anything, it's that passion, a good plan, and a sprinkle of creativity can make any dream brew into reality. Keep inspiring us with your java-filled journey! ☕
I like your all videos very imformative
Thank you for sharing and it was very informative ☕️
Glad it was helpful!
Great advice thanks
Great info, very insightful. Thanks for sharing.
Glad you enjoyed it!
On point Mr. Lee. I really appreciate your time investment in production and editing.
Thanks for tuning in Joe!
Thank you for deep explanation! I worked and run a coffee shop in queens nyc. I want to open a coffee shop here in Winnipeg with theme and drinks based in nyc. I have business plan and everything I just need money to open. This video helps a lot!
Thank you so much for explaining! I really want to open my own coffee shop in the future, but I’m not quite sure what kind of funds I’ll need. This really helped :)
Best of luck!
Thank you for wonderful content, do you help with business and financial planning for a coffee shop?
Bomb Ass Content... Clear and Concise Information. Looking Forward to Watching The Other Videos!!!
Thanks for info..
Actually, this has been a very educating video.
Love this initial breakdown! Grateful that you're making these videos!!! ❤ So, regarding insurances...is it something fixed globally, or is it differnt from one country to another in terms of cost and policies?
Every country has different insurance policies, terms and costs so it is best to look into a professional insurance agent for that. This is also the case with licenses and permits.
Nice video man
hello wilson! which auction sites you recomend for coffee business gear?
bro, do you have a template or business modeling excel sheet? thanks a lot
i love all your videos! you inspire me more everyday to achieve my goal of becoming an entrepreneur. I'm tired of being an employee and hopefully one day I can be like you.
soft chairs are gold
Thank Bro😚❤
Hello Wilson ! I love your videos😍. I am an interior designer living in NYC who is thinking about opening a very cool coffee shop. I am a barista also and I have worked for coffee shop owners , so I am into this delicious world . Thank you so much for your videos
How i wish your in🇵🇭 so i could hire you maybe to design my shop someday
@@itzmeJoy I would love it! 🥰
@@marceloaguilar9090 Hey marco, I’m in the middle of buying a business and I need to remodel and rebrand, maybe we have a conversation and help each other out.
Hi! I’m in the process of opening a shop in Connecticut! Would you be open to chatting more about it?
Great info. Btw why is Facebook obsolete?
thank you for video
thanks for tuning in Eve!
Started saving up at 12 and I'm 16 now and still nowhere near what I need T-T
I’m not scared at all the challenge excites me and makes me want to just dive in! I’m ready
Have you started?
Hi Wilson…I really like your explanation, but, do you think you do more like practical…say have a boardwalk you know writing down on the board… like myself and probably many others…I would like to see how you do the calculations… thank you though
I mean... you showed me a picture of a puppy so I have to press the like button. You held up your end of the deal😅 The vid was great too...
Hey Wilson! I've been a big fan of your content, especially due to the fact I'm in the Vancouver area as well. I'm in the planning stage of my business... Right now I'm having a hard time looking for suppliers of cups that are designed esthetically. Do u recommend any customizable cup suppliers? Currently a blank cup costs 12cents... What would be a reasonable price for a customized cup to help brand awareness?
Hi ! How is ur business going ?
@@lemmy6465 I'd also like to know!
Tq so much brother... it's a very good information to us...
Thanks for tuning in Dines!
Any tips for people like me to open a small coffee shop? small here i'm talking like a small booth.
13 years old and love making drinks
I think it’s not so expensive I met many individuals that build a small shack that sells amazing coffee. Small but not so expensive to start. I think people way over think it. I am making a coffee shop in Europe and I did all the cost and it’s not 50,000 dollars.
Can you pull off a 650 Sq/ft space first gen. Needs work lipstick
Thanks for the puppy pic 😅
Why did you sell after 5yrs?
What is the name of your coffee shop And how is it going? Just curious because you give a lot of tips/knowledge for a successful cafe shop. Just want to know if you practiced what you preach. Thanks more power :D
It's "720 Sweets". He talks about it in part 5 of the video.
Does the amount differ in different countries or is it that the 50,000$ is converted to that countries currency?....I hope you get what I'm saying 😅🙇🏻♀️
Appreciate for your feedback!! Thanks for watching for more info....... W•H•A•T•S•A•P•P M•E..... +•1•4•2•4•2•5•0•8•8•2•5...~√
The ball park range is mainly for North America. For other countries, the biggest costs (rent, equipment, labour) will be quite different. BUT if you ignore the range, you can still build out a good idea how much it costs to start a coffee shop in your country with some more research and noting down all the elements I cover.
@@WilsonKLee Tysm!! 💜💜💜
Bro,how many worker in your ice-cream shop
What about a vw bus food truck
What's the margin?
My adopted kids will be so happy :)
this is hilarious. You can literally open a coffee shop for 15k. This is like when people say to open a subway is 250k. You can literally do it without the subway name for also about 15k
Not so fast. First -- consider the building permits if you're going to make any changes to the space. Then consider how much a contractor will charge to build the space to your specifications ($100 per sq/ft minimum). Then pay the health department and their fees. Shoot, the sign alone on my cafe cost $5,000, and it's nothing special. Just illuminated letters. The rent will be somewhere in the $2-4 per sq/ft range, then NNN. The deposit on a lease on a 1000 sq/ft cafe alone would be about $ 9000 (first, last, security. Just what I mentioned here, you're well above $15,000. Now, go buy equipment and supplies. Then some milk and beans. Make sure you have three months in reserve because you can't expect to start slinging 400 cups per day on day one. Be safe and start with $100,000 minimum.
15k not owing the building and working out of a garage sure!
Let's say they offer to reimburse $25sq ft on a rent of $30sq ft for renovating the space. Let's say that renovation takes 6 months. Will I have to pay rent each month while the build out is being executed, even though the business isn't make a $1 yet because it's not open.
Hey I was wondering. I live in Malaysia where our currency is about RM4 = $1. So lets say it takes theoretically $100,000 in Canada, will it directly translate to RM100,000 or RM400,000 to open a place in my country? I wonder if this is a generalisation I could make or if its completely irrelevant
The cost range is generalized for North American market. I'm sure there are major differences in average commercial rent, cost of ingredients, renovations, etc. in your country so I wouldn't put too much weight in the converted range. What you can do is use the categories to do more research on each to find out how much it would cost in your country.
Hey man. You should check out hétam in KL or Tamarind Square’s shop size. They’re my inspiration of a small coffee shop.
$3-5K .. get a boushy rolling cart setup.
Honest if you know where to shop and how spend money u get coffee cart going way cheaper then 50,000 that’s everything
"you must be getting tons of value" nop. I got tons of advertising ads!!
hello Mr Wilson .. i really need your help : i found a coffe for rent it cost is about 500 Dollars .. it comes with all machines and tables as well as chairs .. it's located about 550 m to a univercity that pocced a 3500-4000 students ... i have 5000 dollar on me at the moment ... i dont know if i should go and rent it ... any advice please
that sounds really good i think you should go ahead and go for it good location good price the shop is ready to use
@@labiharaffique5899 No, that is a bad idea, you need more than 5k save up, you have to have extra incase something go wrong, i have never own a coffee shop or any shop but even i know that you have to have extra cash laying around.
i saw the puppy and clicked the like button. now im gonna watch the video
I feel like drive true coffee shop will always win, most of the time we are lazy to even get our
Yep the small town my parents live in they have a drive thru only coffee shop called bean bros and it became so popular it’s opened new locations in the near towns
@@bearythebear69 Hi Beary, i am in the process of setting up drive through coffee shop in UK, can you provide me contacts for coffee making equipments, thank you
I want to open a coffee shop with fast food
Also one last doubt... instead of taking a rent we can buy the place from the landlord and pay him/her the money he needs ryt? So then that place will become ours and theres no need for paying a rent?
Appreciate for your feedback!! Thanks for watching for more info....... W•H•A•T•S•A•P•P M•E..... +•1•4•2•4•2•5•0•8•8•2•5...~√
@@lnternationalembassyreport2696 thanks for the help my business is now growing
I want to open a bunny an coffe shop, where I sell coffee, you can pet the bunnies and have a adoption opportunity to take home a furry friend
Already 3 mins in the clip: "now let's dive in straight", gosh... Then later all again. I understand YT is business but it's repelling to watch a 25 min video of 15 min actual content at most
I am always afraid to open my own cafe…
So am I. Listening to many videos it seems so easy, but also so expensive.
🙏🙌👷😊👍👍👍
it should be better to show coffee types coffee shop views, and financials etc instead of just talking and showing yourseff
I hope Jason is not a cat 🐱 🤔
you need my likes to pay for your camera man.Yet you have so many great business's thats strange for a so called rich guy who is so smart. Don't you think so?. You said your USP was smoke with the ice-cream yet you then went on to say you scraped the dry ice in the cups due to cost's. as it saved you 2k per month.