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And coffee shops of all forms are almost sure-fire money losers. I'd never heard that before. Is Starbucks an exception? Does their volume make the difference?
by jeromec 16y ago
And coffee shops of all forms are almost sure-fire money losers.
I'd never heard that before. Is Starbucks an exception? Does their volume make the difference?
- krakensden 16y agoI'd bet it has to do with space, if you're in the rental business, you need more of it- and it's expensive. If you're Starbucks, you do your feasibility calculations without assuming you'll get worker-cubby rental money.
- forgotAgain 16y agoIt requires management as well. A nearby, locally owned, not a chain, shop went bust recently. There wasn't a professional manager there covering when the owner was absent. Things went downhill quickly.
- tptacek 16y agoFor any piece of real estate that is ideal as a coffee shop setting, one of Starbucks, Peets, Caribou, or Seattle's Best is bound to be the top bidder. The exceptions to this rule are dense metro areas where virtually every corner retail space is an ideal coffee shop location; the problem with this exception is that these spots are spectacularly expensive and serve markets already saturated with coffee shops.