According to coffee research organization, coffee is the world’s most favorite drink in the world. The statistics further show that more than 400 billion cups of coffee are consumed every year. In the US, it is the second largest commodity, its annual sales just above 18 billion dollars. Another fact; three quarters of caffeine consumed in America comes from coffee.
These facts perhaps explain why you should think about owning a coffee shop franchise.
The sales of specialty coffee are $6 billion and this is increasing at the rate of 20 per year and is especially hot. It accounts for close to 8 percent of the coffee market in the US alone. Everyone drinks specialty coffee be it cappuccino, espresso, latte, coffee or ice.
Yet another reason why coffee shop franchise is doing so well; coffee drinkers the world over take an average of 3.1 cups a day. About 12000 coffee shops are found in America today and the figure is expected to grow so that the growing demand of coffee drinkers is met.
A cup of an espresso averages at $2.45 while the average for brewed coffee is $1.35. Coffee shops that double as drive-through average sales of 250 cups of espresso-based coffee as well as other drinks in one day. The shops that have high visibility can sell more than 500 cups in just a day.
Another fact that will encourage you as an entrepreneur is that there are actually many ways that you can capitalize on the coffee craze. There are several franchise opportunities for popular café and coffee shop businesses.
Independent business opportunities in the business of selling coffee are also available. The bottom line is that there is market for those who are interested in coffee shop franchise even in the time of recession.