So. . . you want to have your own coffee shop franchise, huh? Well there iss a lot to consider when starting one, and your to-do list is going to take up quite some space on this particular little venture.
First, you need to be aware that certain conditions apply if you are purchasing your franchising equipment from a pre-existing coffee shop franchise. The franchise you will be buying into has done almost all of the work required to get you up and running. It will take your money, and some real estate savvy to fulfill your end of the bargain.
The down side is that the franchise you will be buying into has a pre-set, definitive method and structure of operation in place. You will have little wiggle room for your own creativity or expression, and the standards to which you will be held in upholding the image of the particular company you're franchising from, will be high indeed.
The value of your dollar amount invested is roughly equivalent to what the coffee shop franchise owners had to invest to get where you want to be.
Where Do You Come In?
For your part, you will need a substantial chunk of money to invest in your coffee shop franchise, as well as a suitable location on which to base your business. This can either be an already existing rental establishment that may have been used for some other purpose, which will require adaptation of the facilities to meet the needs of the franchisor; or a completely blank piece of land waiting for future development.
You will then need to open a bank account exclusively for your franchise fees, advertising, equipment, and purchasing costs. Every month, you will be required to have reserve funds available for your franchise fee withdrawals, which will be automatically deducted from your account on a certain day. The rest of the purchasing and buying from that account will be primarily handled by you, as your business needs require.
Your equipment will be mandated by the governing franchise body, so you will know primarily what you need ahead of time, which will be helpful. It will be your job to repair and replace machines and parts as necessary. Since you will be paying for this, it is essential to adhere to proper maintenance procedures to save costs in the long run.
Supply and Demand
Perhaps one of the harder things to track with any franchise start-up is supply and demand, you'll want to keep a close eye on this in the first few months of operation as it will fluctuate somewhat. When you have mastered the proper balance between your customers demand and the actual amount of product you have on hand, you can effectively manage one of the largest costs associated with any food and beverage business. . . usage.
Managing the elements of your coffee franchise in its early stages can be quite demanding but when you see that first Mocha Double Decaf going out your door, you can take a long, gratifying sip of success. Let me close with this last bit of information, franchising is the best kept secret of the 21st century.
JD Files is an accomplished website developer and author. To learn more about Starting a Coffee Shop Franchise visit Fast-Food Franchises for current articles and discussions.