I have to disagree on a few tips, freebies and discounting might mislead customers to find full prices expensive; it works for volume price conscious concepts; but do appreciate your broad outlook on the subject and the fact that a business owner can tailor some to their own specific model, all the best
@PeterKluth6 күн бұрын
Love these videos! As a current mobile Cafe owner with a dream of owning a brick-and-mortar these are a lifesaver.
@AndyFHR7 күн бұрын
Fiel seguidor a este canal. Saludos desde Chile.
@georgerubio63177 күн бұрын
I really appreciate your videos! I’ve been a barista and food service manager for a few years now, and am working on plans to start my own cafe. All of the points you touch on in this video are so accurate. I have worked at multiple cafes and been a customer at many more. Flat or poorly directed lighting is such a pet peeve. It makes even the nicest of places feel dingy and undesirable. I cannot stand the clutter creep. I have helped so many cafes declutter- and I always wonder to myself how things get so bad. The counters look like a kindergarten art project, or a lost and found board. Consider flow before the buildout!!! Some of the places I’ve worked at would need to redo all of their plumbing and countertops to make things more efficient. It’s not happening, and they’re stuck with it. I’m not sure if this is helpful to others, but consistency in graphic design, art style, and branding matter!!! We have had so many decently talented employees who were all given free rein to design signage with no guidance whatsoever. It makes customers feel like they’re in a few different shops at the same time. I’ve worked to streamline the graphic design and create palettes for two of the cafes I’ve worked at- but boy oh boy. What a mess they were!!! I’m a bit tired and hopped up on painkillers as I’ve just gotten some teeth pulled, so sorry if this isn’t the most eloquent or helpful of comments. Rock on, and thank you again for all of your wonderful videos and information!!!
@thecatspajamas197 күн бұрын
Thanks for posting this! The timing of this content is right on point for me. I just met with my design team for the first time this week. While I feel I have your list covered, it's helpful to get that reassurance and to keep these in mind as critical points.
@OHANA-Beach-Suites-CDO7 күн бұрын
Really love this video! Amazing info here! Thanks! 🙏
@sinenngo663710 күн бұрын
Thank you so much
@user-so9oz2su5o12 күн бұрын
Great Video! But do you sell a course? 🤔
@user-so9oz2su5o12 күн бұрын
Great Video! But do you have a course? ✌️
@user-so9oz2su5o12 күн бұрын
Great Video! But do you have a course? 🤌
@user-so9oz2su5o12 күн бұрын
Great Video! But do you have a course?
@doubleaa65819 күн бұрын
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
@doubleaa65819 күн бұрын
Earning 700k a yeah should take home 200k easy
@Pepperpuff320 күн бұрын
I love these ideas!!
@ibizawavey863024 күн бұрын
This explains why ALL the coffee spots in my city of 600K keep closing down! Not one of them can stay open, then another one takes over, on and on and on. I never understood what was going on.
@OHANA-Beach-Suites-CDO27 күн бұрын
Thanks Mate!
@OHANA-Beach-Suites-CDO27 күн бұрын
Very Happy I found your channel! You're Amazing Mate!
@OHANA-Beach-Suites-CDO27 күн бұрын
Let's gooooo! Thanks mate!
@OHANA-Beach-Suites-CDO27 күн бұрын
Tons of VALUE here!
@OHANA-Beach-Suites-CDO27 күн бұрын
Love all of your videos! Thanks!
@OHANA-Beach-Suites-CDO27 күн бұрын
It's all about having an amazing TEAM! Thank you very much!
@OHANA-Beach-Suites-CDO27 күн бұрын
You're very helpful my friend! thank you!
@OHANA-Beach-Suites-CDO27 күн бұрын
Thanks for helping with amazing information here!
@OHANA-Beach-Suites-CDO27 күн бұрын
Great info here! This will really help us out at our Beach Resort Hotel in the Philippines! Thanks!
@donaldlyons1728 күн бұрын
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.....
@photon6100Ай бұрын
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.
@julesgasore9Ай бұрын
How can we access the labour cost excel file?
@DougPlungerАй бұрын
This is the most helpful and simple to understand explanation of the true costs, expectations, suggestions, and realities of running a business I have ever seen. Thank you SO much!
@coffeebusinessbasicsАй бұрын
Glad it was helpful!
@matthewschlener202425 күн бұрын
agreed. this is amazing! @coffeebusinessbasics any chance you would be willing to share a template of the labour cost excel file?
@alex98b627Ай бұрын
I work on a target of <5% rent when assessing new venue opportunities. 10% maybe used to be workable, and might still be in busy pubs with a high bev to food ratio, but for a full service cafe and restaurant you’ll struggle to make profits at 10% rent. This is due to the very high wages costs and ‘other’ expenses. I’m convinced the main driver of businesses failing is they start the business without calculating the rent % - there are many businesses listed for sale with huge rents and they often can’t find a buyer.
@coffeebusinessbasicsАй бұрын
so true, not enough people run the numbers before signing the lease.
@alex98b627Ай бұрын
@@coffeebusinessbasics or they just think they can make enough money to afford a $80,000pa rent. Not realising that they need to make min $33,000 in gross revenue each week before they even have a chance of making a reasonable profit. The reality is that Cafes need prime real estate to work, but can't afford to pay prime real estate rents...
@commercialkitchendesignАй бұрын
Great video and advice
@cool_dude1988Ай бұрын
Well, I was hoping to open a patisserie & cafe in central London, but I guess that would stay a dream as I don't have that kind of money.
@mmapuppyАй бұрын
11. Have a nice logo and invest in branded to-go cups. You’ll have clients carrying/disseminating advertisement for your place all over town. Don’t go for plain white cups to try to save money. That’d be a lost opportunity.
@bayareaartist999Ай бұрын
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.
@judichristopher4604Ай бұрын
NOT FUNNY
@bayareaartist999Ай бұрын
@@judichristopher4604 I guess you never worked in a restaurant. 1984-2020 here.
@judichristopher4604Ай бұрын
@@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?
@judichristopher4604Ай бұрын
@@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...
@calmvibesonly1983Ай бұрын
Good stuff man! keep the vids coming! don't be discouraged with the lower view count and subscriber base
@wnoseАй бұрын
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.
@AwakenedOne.16 күн бұрын
Whats ESL events?
@wnose16 күн бұрын
@@AwakenedOne. English as a second language
@SenbonTvАй бұрын
raise sales = negotiate better cost for inventory (buy in bulk) that's the only way to go instead of cutting cost.
@ibraheemchetty2395Ай бұрын
Brilliant. Thanks💯
@MsKareemah1002 ай бұрын
Educating myself to finally do it! Taking the plunge soon. 🎉
@ashokseebaruth2 ай бұрын
✅
@Jiminito2 ай бұрын
$700,000 Turnover and you only net $15,000? Doesn't make any sense.
@Kenneth-yb1wh2 ай бұрын
V
@synthwavegarage2 ай бұрын
Superb Video, Thanks!
@bobiscute56932 ай бұрын
Hmmmm you sound Aussie??? So all figures are in $AUD?
@paradoxgaming96302 ай бұрын
We scored a fully fitted cafe kitchen, deep fryers, everything to start the business just walk in and start for under 5k. now we are extremely lucky but there are deals out there, now we didn't own any of the equipment the landlord did but after a year we've had to buy our own from break downs so now building. love these videos because now learning where, what and why we have a cash flow problem is my and my partners issue atm. it's great to see content like this because no idea about business let alone how to run one this channel is helping us rn in australia thank you coffee business basics.
@darkwoodmovies3 ай бұрын
Are these amount figures for the Australian economy? Because I can't imagine anything in America costing this little. The rent alone would probably be at least 100k per month in any desirable location. There's a reason coffee costs $8 these days.
@TheExpeditionUK3 ай бұрын
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.
@rasmusaarla53483 ай бұрын
I'm just researching for creators who share actionable marketing tips not just some general ones that don't actually help their audience. Your video is the first one I found to be actually useful and with actionable steps.
@emorsi53 ай бұрын
Hey mate, thanks for all your help so far. I'm about halfway through my second year of trading here in Wales, UK. Can you give advice/make a video on how to take things to the next level? Second location? Roast your own? Tapping into night scene? Menu enhancement? Anyway. Keep up the good work.
@stephaniealbert64483 ай бұрын
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.
@cesarmillans.14933 ай бұрын
Thank you for your videos, the information you share is incredibly helpful. I hope you keep going.
Пікірлер
I have to disagree on a few tips, freebies and discounting might mislead customers to find full prices expensive; it works for volume price conscious concepts; but do appreciate your broad outlook on the subject and the fact that a business owner can tailor some to their own specific model, all the best
Love these videos! As a current mobile Cafe owner with a dream of owning a brick-and-mortar these are a lifesaver.
Fiel seguidor a este canal. Saludos desde Chile.
I really appreciate your videos! I’ve been a barista and food service manager for a few years now, and am working on plans to start my own cafe. All of the points you touch on in this video are so accurate. I have worked at multiple cafes and been a customer at many more. Flat or poorly directed lighting is such a pet peeve. It makes even the nicest of places feel dingy and undesirable. I cannot stand the clutter creep. I have helped so many cafes declutter- and I always wonder to myself how things get so bad. The counters look like a kindergarten art project, or a lost and found board. Consider flow before the buildout!!! Some of the places I’ve worked at would need to redo all of their plumbing and countertops to make things more efficient. It’s not happening, and they’re stuck with it. I’m not sure if this is helpful to others, but consistency in graphic design, art style, and branding matter!!! We have had so many decently talented employees who were all given free rein to design signage with no guidance whatsoever. It makes customers feel like they’re in a few different shops at the same time. I’ve worked to streamline the graphic design and create palettes for two of the cafes I’ve worked at- but boy oh boy. What a mess they were!!! I’m a bit tired and hopped up on painkillers as I’ve just gotten some teeth pulled, so sorry if this isn’t the most eloquent or helpful of comments. Rock on, and thank you again for all of your wonderful videos and information!!!
Thanks for posting this! The timing of this content is right on point for me. I just met with my design team for the first time this week. While I feel I have your list covered, it's helpful to get that reassurance and to keep these in mind as critical points.
Really love this video! Amazing info here! Thanks! 🙏
Thank you so much
Great Video! But do you sell a course? 🤔
Great Video! But do you have a course? ✌️
Great Video! But do you have a course? 🤌
Great Video! But do you have a course?
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
Earning 700k a yeah should take home 200k easy
I love these ideas!!
This explains why ALL the coffee spots in my city of 600K keep closing down! Not one of them can stay open, then another one takes over, on and on and on. I never understood what was going on.
Thanks Mate!
Very Happy I found your channel! You're Amazing Mate!
Let's gooooo! Thanks mate!
Tons of VALUE here!
Love all of your videos! Thanks!
It's all about having an amazing TEAM! Thank you very much!
You're very helpful my friend! thank you!
Thanks for helping with amazing information here!
Great info here! This will really help us out at our Beach Resort Hotel in the Philippines! Thanks!
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.....
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.
How can we access the labour cost excel file?
This is the most helpful and simple to understand explanation of the true costs, expectations, suggestions, and realities of running a business I have ever seen. Thank you SO much!
Glad it was helpful!
agreed. this is amazing! @coffeebusinessbasics any chance you would be willing to share a template of the labour cost excel file?
I work on a target of <5% rent when assessing new venue opportunities. 10% maybe used to be workable, and might still be in busy pubs with a high bev to food ratio, but for a full service cafe and restaurant you’ll struggle to make profits at 10% rent. This is due to the very high wages costs and ‘other’ expenses. I’m convinced the main driver of businesses failing is they start the business without calculating the rent % - there are many businesses listed for sale with huge rents and they often can’t find a buyer.
so true, not enough people run the numbers before signing the lease.
@@coffeebusinessbasics or they just think they can make enough money to afford a $80,000pa rent. Not realising that they need to make min $33,000 in gross revenue each week before they even have a chance of making a reasonable profit. The reality is that Cafes need prime real estate to work, but can't afford to pay prime real estate rents...
Great video and advice
Well, I was hoping to open a patisserie & cafe in central London, but I guess that would stay a dream as I don't have that kind of money.
11. Have a nice logo and invest in branded to-go cups. You’ll have clients carrying/disseminating advertisement for your place all over town. Don’t go for plain white cups to try to save money. That’d be a lost opportunity.
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...
Good stuff man! keep the vids coming! don't be discouraged with the lower view count and subscriber base
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
raise sales = negotiate better cost for inventory (buy in bulk) that's the only way to go instead of cutting cost.
Brilliant. Thanks💯
Educating myself to finally do it! Taking the plunge soon. 🎉
✅
$700,000 Turnover and you only net $15,000? Doesn't make any sense.
V
Superb Video, Thanks!
Hmmmm you sound Aussie??? So all figures are in $AUD?
We scored a fully fitted cafe kitchen, deep fryers, everything to start the business just walk in and start for under 5k. now we are extremely lucky but there are deals out there, now we didn't own any of the equipment the landlord did but after a year we've had to buy our own from break downs so now building. love these videos because now learning where, what and why we have a cash flow problem is my and my partners issue atm. it's great to see content like this because no idea about business let alone how to run one this channel is helping us rn in australia thank you coffee business basics.
Are these amount figures for the Australian economy? Because I can't imagine anything in America costing this little. The rent alone would probably be at least 100k per month in any desirable location. There's a reason coffee costs $8 these days.
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.
I'm just researching for creators who share actionable marketing tips not just some general ones that don't actually help their audience. Your video is the first one I found to be actually useful and with actionable steps.
Hey mate, thanks for all your help so far. I'm about halfway through my second year of trading here in Wales, UK. Can you give advice/make a video on how to take things to the next level? Second location? Roast your own? Tapping into night scene? Menu enhancement? Anyway. Keep up the good work.
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.
Thank you for your videos, the information you share is incredibly helpful. I hope you keep going.