For a brick-and-mortar coffee shop, start-up costs can range from anywhere between as little as 25,000 to as much as 300,000 or more 2. We recommend using LivePlan as the easiest way to create financials for your own business plan. Location, size of premises, licensing requirements, equipment costs and more all come into play. Thus, total start-up loss is assumed in the amount of $27,680. Both loans were secured through the Bank of America. Let us first understand the direct costs involved in a Coffee Shop business. The remaining $30,000 needed to cover the start-up expenses and assets came from the two bank loans–a one-year loan in the amount of $10,000 and a long-term (five years) loan of $20,000. Your coffee shop’s monthly expenses or cost figures are usually divided into two categories: Costs Of Goods Sold (COGS or Direct Costs) and Operating Expenses (Opex) that usually include Sales, General and Administrative expenses. Buy second-hand furniture and equipment or lease them to keep costs down. All other investors have contributed $40,000, which brings the total investments to $140,000. Focus on return on investment, spending only on the things you absolutely need. Two major owners, Arthur Garfield and James Polk, have contributed $70,000 and $30,00 respectively. Office equipment (PC, fax/printer, phone, furniture, file cabinets)įunding for the company comes from two major sources–owners’ investments and bank loans.Store equipment (cash register, security, ventilation, signage).Serving area equipment (plates, glasses, flatware).Counter area equipment (counter top, sink, ice machine, etc.).Storage hardware (bins, utensil rack, shelves, food case).Food service equipment (microwave, toasters, dishwasher, refrigerator, blender, etc.).Equipment for the total amount of approximately $69,000.
The required start-up assets of $71,000 include: Other start-up expenses including website ($4,000) and phone and utility deposits ($2,500).Premises remodeling in the amount of $10,000.Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium of $1,500.you need to evaluate what you think your monthly expenses will be. Legal expenses for obtaining licenses and permits as well as the accounting services totaling $1,500. Independent Challenge 1 You are thinking of starting a small coffee shop where locals.The start-up expenses include an estimated $17,000 consisting of several items: We recommend using LivePlan as the easiest way to create graphs for your own business plan.Ĭreate your own business plan Financing Use of Funds
0 kommentar(er)
