You reached this page because you want to start a coffee shop business in Las Vegas. You’ve come to the right place.
Coffee exports have grown to a $20 billion dollar industry and has become the world’s second largest commodity that it’s no longer a wonder, why there isn’t a major city that isn’t flooded with a string of coffee shops that includes Starbucks and Coffee Bean & Tea Leaf, aside from the local brands in the city of Las Vegas.
Given that Starbucks opens an average of 2 stores per day, starting a coffee shop business to make some profit out of a billion dollar industry looks more than just a good business with huge potential for growth and if you are thinking of starting a coffee shop business in Las Vegas, here are the things that you need to know.
Aside from considering the potential for profit, before you venture into any kind of business, it is important to consider the answers to the following questions:
Is this something that you really want?
Are you willing to commit yourself to the business?
Do you have the knowledge and the skills required to run the business?
In case the answer to one of these questions is a no, it would be a good idea for you to think things through and go back to the drawing board. Starting a business isn’t easy with a lot of challenges and there will be moments when things don’t go as you hope it would but a person who is motivated will see things through till the end and learn in the process.
Conceptualize Your Coffee Business
Coffee shops have been around for quite some since the 1600s and Starbucks was founded in 1971. In conceptualizing your coffee business, it would be wise to think of an answer to the following questions:
How is your coffee different from the ones that are already established?
What are the advantages of having coffee at your establishment over the others?
What reason(s) would your customers have to keep coming back?
Remember to think of creative ways on how to distinguish your coffee shop compared to other established names by checking what your competitors offer and come up with a competitive or even better option.
Think about your menu
Choose your equipment (Espresso machine, Grinders, Ice machine, Blender, etc.)
Find and Work with the right suppliers
Offer a competitive pricing options on your products
Take Care of the Administrative Stuff
Administrative tasks eat up a lot of time as it deals with a lot of paperwork, research, and thinking that are tedious, laborious, and meandering especially if you have to deal with maintaining tax and financial records but it is necessary to start a coffee shop business which includes:
NOTE: Employing people with relevant skills and experience in starting a coffee shop business is important but more than the technical qualifications, make sure that you hire the right people who have the right attitude, teachability, and motivation. Investing in the development of your employees through a barista training program will improve their skills, confidence, and add value to your business to improve the quality of your services.
Market Your Business
Every successful business employs good sales and marketing strategies to promote their brand as well as the range of products and services they offer using social media platforms like Facebook, Instagram, and Twitter to have a competitive advantage and build credibility. In addition, taking the following steps are necessary:
In case the Do-It-Yourself approach is too much of a task, opting to work with established agencies to advertise your business would be a good idea. You might want to enlist your business at BBB Vegas and become a member or reach a wide range of customers via 360° Advertising.