by Nimbus Couzin » Mon Jun 04, 2012 9:49 am
Yes, it takes a lot of volume to break even. And "foot traffic" alone doesn't do it. What time of the day does that foot traffic occur? Most coffee shops bring in about half (or more) of their revenue during the morning rush. My shop (Ray's Monkey House) survived only 2.5 years, in a VERY rough economic climate. We had no street parking during the Bardstown Rd. rush hour system, and the one way street (Bonnycastle) was the wrong way for us, so you'd have to drive all the way around the block to make a stop. Killed our mornings. And I'll tell you, foot traffic is negligible in the morning on Bardstown Rd in that stretch at least. Boom. No morning revenue to speak of. When you should be making the highest revenue of the day. So we attempted evening revenue. Afternoons were fairly steady, but never spectacular.
A former employee of mine, and semi-coffee geek, said the City girl coffee was just ok, but it was a good place to study. I think he went there the evenings.
If I ever try the coffee biz again, I guarantee you, it will be with some kind of walk-up or drive thru concept.I I'm still roasting at home, but the fruits of my labor go straight to me and a few lucky co-workers at my teaching gig. (presently teaching at U of L summers- and Ivy Tech - full time)
Spending my time at little league games these days, raising three awesome little boys! Berlin in December!
Cheers,
Dr. Nimbus Couzin