DOWNLOAD THE CAFE VIABILITY SPREADSHEET: https://mailchi.mp/valor/viability-spreadsheet
Sign Up for Alerts About Our Community (coming soon) – Courses, Exclusive Videos, PDFs, Spreadsheets and more: https://mailchi.mp/018d9c38a953/valorcafecommunity
Thanks for listening, following/subscribing, giving us a good review, and sharing with your friends on social media. It goes a long way!
We're live just 42 minutes from Six Flags Over Georgia to answer a very common question: are coffee shops profitable? We take a look at our Cafe Viability Spreadsheet (link to download above!) and go on a hypothetical new cafe's first year. We'll be talking about the terms used, filling out the spreadsheet together, sharing insights we've learned over the years, and ultimately arrive at an answer of whether a standard-ops cafe can make a buck! Thanks for listening, y'all :P
*If you purchase something through one of our links, we may be entitled to a share of the sale*
We're partnered with Clive to bring you sweet deal at a discounted rate! Use Discount Code VALOR5 at checkout for 5% off Lucca and Eureka products!
Shop Clive products here: https://clivecoffee.com?sca_ref=5315485.6axWuRlcEr
Buy Valor Coffee: https://valor.coffee/shop
Watch on Youtube: https://youtube.com/valorcoffee16
Want to become a Wholesale Partner? Email us at wholesale@valor.coffee to set up an account!
Want us to review your coffee? Have a question you want to answer on the show? Send us an email to info@valor.coffee
Follow the Valor Coffee Podcast on Instagram: http://instagram.com/valorcoffeepod
Follow Valor on Instagram: http://instagram.com/valor.coffee
____
Subscribe to Riley's YouTube Channel: https://youtube.com/@rileywestbrook
Follow Riley: https://instagram.com/rileywestbrook
Follow Ross: https://instagram.com/rosswalters
Follow Ethan's Parody Account: https://instagram.com/ethanrivers777
00:00:12 Introduction
00:04:27 Why do people open coffee shops as their first business?
00:11:52 Spreadsheet and Terms Overview
00:22:52 Different size spaces and physical locations affect viability
00:31:09 This is not a profit and loss statement
00:31:41 What is “Cost of Goods Sold” + other terms
00:34:15 Talk to your accountant!
00:39:40 Let's fill in the spreadsheet
00:46:45 Rent Calculator
00:50:27 Staff and Wages Calculator
00:58:25 Paying Yourself a "Base Wage" as an Owner
00:59:59 Multiple other categories, rapid-fired for your listening pleasure (and show length)
01:06:05 Cost of Goods Sold, Transactions per Day, and Average Transaction.
01:11:34 Is this cafe profitable?
01:14:48 How would a hypothetical year two look?
01:19:50 Conclusion
DOWNLOAD THE CAFE VIABILITY SPREADSHEET: https://mailchi.mp/valor/viability-spreadsheet
Sign Up for Alerts About Our Community (coming soon) – Courses, Exclusive Videos, PDFs, Spreadsheets and more: https://mailchi.mp/018d9c38a953/valorcafecommunity
Thanks for listening, following/subscribing, giving us a good review, and sharing with your friends on social media. It goes a long way!
We're live just 42 minutes from Six Flags Over Georgia to answer a very common question: are coffee shops profitable? We take a look at our Cafe Viability Spreadsheet (link to download above!) and go on a hypothetical new cafe's first year. We'll be talking about the terms used, filling out the spreadsheet together, sharing insights we've learned over the years, and ultimately arrive at an answer of whether a standard-ops cafe can make a buck! Thanks for listening, y'all :P
*If you purchase something through one of our links, we may be entitled to a share of the sale*
We're partnered with Clive to bring you sweet deal at a discounted rate! Use Discount Code VALOR5 at checkout for 5% off Lucca and Eureka products!
Shop Clive products here: https://clivecoffee.com?sca_ref=5315485.6axWuRlcEr
Buy Valor Coffee: https://valor.coffee/shop
Watch on Youtube: https://youtube.com/valorcoffee16
Want to become a Wholesale Partner? Email us at wholesale@valor.coffee to set up an account!
Want us to review your coffee? Have a question you want to answer on the show? Send us an email to info@valor.coffee
Follow the Valor Coffee Podcast on Instagram: http://instagram.com/valorcoffeepod
Follow Valor on Instagram: http://instagram.com/valor.coffee
____
Subscribe to Riley's YouTube Channel: https://youtube.com/@rileywestbrook
Follow Riley: https://instagram.com/rileywestbrook
Follow Ross: https://instagram.com/rosswalters
Follow Ethan's Parody Account: https://instagram.com/ethanrivers777
00:00:12 Introduction
00:04:27 Why do people open coffee shops as their first business?
00:11:52 Spreadsheet and Terms Overview
00:22:52 Different size spaces and physical locations affect viability
00:31:09 This is not a profit and loss statement
00:31:41 What is “Cost of Goods Sold” + other terms
00:34:15 Talk to your accountant!
00:39:40 Let's fill in the spreadsheet
00:46:45 Rent Calculator
00:50:27 Staff and Wages Calculator
00:58:25 Paying Yourself a "Base Wage" as an Owner
00:59:59 Multiple other categories, rapid-fired for your listening pleasure (and show length)
01:06:05 Cost of Goods Sold, Transactions per Day, and Average Transaction.
01:11:34 Is this cafe profitable?
01:14:48 How would a hypothetical year two look?
01:19:50 Conclusion