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August 24, 2007, Newsletter Issue #78: Coffee Franchise
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Tip of the Week
There is some variety in what is considered a coffee franchise. There are dine-in coffee shops, coffee-making equipment franchises, and drive-through coffee shops. Before investing in one of these, determine which type of coffee franchise appeals most to you. Some franchise agreements specify a geographic territory in which you agree to open and operate a certain number of stores. In order to be successful you'll want to look into many costs including:
• Investment per store • Equipment • Deposits • Inventory • Employee Salaries
These are just a few of the many expenses you'll want to look into when planning a successful franchise venture. It is also a smart idea to build expansion plans into your budget.
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