Cafe Profit: This is what successful coffee shop owners do differently
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- Опубликовано: 28 июн 2024
- Can you make good money running a coffee shop? If you ask around, some will tell you it’s not even worth it…and there’s others who’ll say it’s a licence to print money. Today i'll take you through the numbers, and show you 5 ways to improve profit in a cafe or coffee shop business.
Sections:
0:00 How profitable are coffee shop businesses?
1:03 Know your numbers
2:48 Start by growing sales
4:17 Improve efficiency
5:32 Change the product mix
7:46 Increase capacity
You're a gem waiting to be discovered. Your content is concise and helpful and it's helping me in my venture! Great job and I hope you keep going.
I'm delighted that you've made the choice to continue with your uploads. Thank you for generously sharing this wealth of knowledge with all of us!
This was exactly what i needed to hear, Its so easy to over-complicate things and not concentrate on the core of your business. Thank you!
I needed to hear this. Thank you for sharing. You are great, clear, speak well, as well as, are calm, composed and explain well
Another phenomenal video! Really good insights, looking forward for more from you!
Incredible quality of information and production - please do the world a favor and continue!
Amazing content! Thank you! Definitely a huge vacuum for this type of content! These videos and this channel will be huge! All the best!
Thank you so much for your valuable information. I will be opening my coffee shop in a few months and your channel is really providing me with lots of great advice. Hope to hear the details of what makes a cafe profitable from you soon!
Lifesaver. Everything you said is clear and gives me hope. Thank you.
This is so good, appreciate the advice.
Great clip bro!! 👏
raise sales = negotiate better cost for inventory (buy in bulk)
that's the only way to go instead of cutting cost.
Let's gooooo! Thanks mate!
A local coffee shop hosts regular esl events to fill out slow hours. I think a really smart move is to choose a great location in the first place.
Whats ESL events?
@@AwakenedOne. English as a second language
Great video and advice
Great content keep it up
Thanks for your video! Could I please just ask, what was it that you did to start understanding the financial aspects of running a business? Do you have any sort of business degree? I'm really trying to understand this side of business.
I run a business similar to
Rents and bills are under 5k
Labor around 15k with payroll tax
Cost of good 20k
And doing 70 in sales a month that leaves me with 30 gross profit
Great Video! But do you sell a course? 🤔
High cost of coffee machine
Customers traffic is only from morning till tea break at best. You don't get anymore good traffic after 3pm.
That is when you need "Tea Time" 4 pm with FOOD
In summary,
Be consistent e.g. opening times, staffing levels
Good coffee
Good food
Good service
Good atmosphere
Offer discount during quiet times
Shorten menu e.g. remove unprofitable items
We are thinking of removing salads, chips and rice from most dishes and offering them as sides. This should reduce food waste but also make the menu look less expensive at a glance.
$700,000 Turnover and you only net $15,000? Doesn't make any sense.
Earning 700k a yeah should take home 200k easy
I just wonder why he is not focused on repeat customers first and gaining new customers second.... Like the customer is the one paying everyone.....
Know your numbers and evade taxes
Truly is as basic as it gets. If this video had something to teach you about operating any business, you have a very long winding road ahead of you.
Probably, but that’s why the video is great. It bridges the gap between coffee and shop, subtly advising to research finance instead of roast times and might just save people from expensive mistakes. The target group would not be saved by a 60m Business Basics course, because they wouldn’t watch it in the first place.
The channel name is literally coffee business BASICS
all too many cafes hire a couple of sour humans. Each new person who comes in and encounters a toxic barista will vote with their feet and that is for sure but nearly impossible to tabulate. Hire people with conventional good manners. they can bring an edge,that's fine but the business is not about them.
LOCATION LOCATION LOCATION and low rent...and a good pool of people you can pay slave wages to and replace once they want a raise.
NOT FUNNY
@@judichristopher4604 I guess you never worked in a restaurant. 1984-2020 here.
@@bayareaartist999
EXCUSE ME!!!
Not only have I worked in a Restaurant since I was 15 back in the 1969...
I have also Owned a Cafe... and a Bar-B-Q stand...
WHY would you be so rude and mean to say that to me?
@@bayareaartist999
The reason I said NOT FUNNY... is That person is assuming restaurant/cafe owners Have Too pay "Save Wages" (which is not a good saying these days)... and assuming they're replaced...