Investing in a coffee van is a very profitable start-up idea. The industry has an annual growth of 5.1%, with a yearly revenue of $8 billion. According to market trends, the culture of drinking coffee is will continue to grow in the years to come. It provides a great opportunity for those aspiring entrepreneurs.
If you’re looking to invest in this type of enterprise, here are a few tips that should help.
Make a business plan.
Everything starts with a well thought-out, well-researched plan. This will be the framework for your company. Keep in mind that you’re investing your hard-earned money – there’s no room for mistakes! Your business plan must include:
• Business Overview – This section should give a quick rundown of what you’re planning to do. It should clearly state the legal structure of your operations (who are involved). It should also contain the type of business, location and means.
• Operations Plan – Your operations plan will detail how you plan to deal with day-to-day business. This should include the different roles needed and the physical details of your coffee van.
• Market Analysis – A market analysis will show you who your target audiences are. It will also show you how you’re going to market to these demographics.
• Financial Plan – In simple terms, this is the budget. It should include not just your initial cost, but your operational costs as well.
Choose your bean and brewing method.
Beans should be the star of your company. The quality of the bean will determine the end-product. Arabica is currently the most popular variety in the country. This Is followed by Robusta, then Liberica.
Before starting a coffee van business, it’s best to decide on which brewing methods you want, too. Different brews will produce different types of coffee. Cold-drip has seen an increase in demand, as the method lowers the beverage’s acidity. However, nitro brews have a niche market, as it has a foamy mouth-feel.
So invest in coffee van Adelaide if you want a profitable business now!