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The Opening of a Coffee Bar - Essay Example

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The paper "The Opening of a Coffee Bar" states that generally speaking, the cons of opening a coffee bar instead of carrying cookbooks and food magazines in the adjacent space would be the following: the costs for setting up a coffee shop can be high…

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Subject: Business
Type: Essay
Level: Ph.D.
Pages: 1 (250 words)
Downloads: 2
Author: vaughngrimes

Extract of sample "The Opening of a Coffee Bar"

The second plan, i.e. the use of the adjacent space for opening a coffee bar, is considered as most effective if taking into consideration the criteria presented above, as also analyzed below. The pros of the chosen plan would be important: a) there are no competitors nearby; the specific coffee bar would be the only serving gourmet coffee in-house; b) since no competitor exists in the area, new customers would be easily attracted while existing customers would be interested in enjoying their coffee while tasting their favorite gourmet food, which would be also offered in the coffee bar along with baked goods and pastries.

The second plan could be realized with a quite low investment, just for adding 1-2 bookcases and shelves for putting the books/ magazines involved.

The opening of a coffee bar would be the most appropriate use for the particular adjacent space. The average profit of such a shop is at least $50,000 (SBDC 2012) which means that the startup costs could be easily covered approximately 5 years after the business establishment, a fact that would eliminate the cons of the specific plan compared to the second plan suggested.

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