At least 80% of American adults drink some form of coffee-based drink on a regular basis. Fifty percent of the entire national population drinks coffee daily. That accounts for 150 million coffee drinkers across the country. The typical coffee drive-thru sells between 200 and 300 cups of the popular beverage per day. At an average of $2.40 per cup, you might think coffee shop owners clean up. Well, you’d be right. Maybe that's why so many entrepreneurs are on the lookout for coffee businesses that might be for sale.
The coffee industry brings in about $30 billion per year from almost 41,000 businesses. The industry grows nearly 3% on an annual basis, regardless of economic downturns. America is responsible for 400 million of the 2.25 billion global cups of coffee sold and consumed daily. The most successful coffee businesses adapt to customer demand, keep pace with modern trends, and do whatever is necessary to stand out from competitors.
Comfortable furniture, healthy food options, and free Wi-Fi and device-charging stations are modern trends that can lead to customer growth and serious profits. You may also want to consider a coffee roasting business that's for sale. Like any business, location and amenities will set you apart from the rest. Browse the BizQuest website now to find an ideal coffee business to buy!
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Guidant will show you how to use your retirement Funds to finance your dream of business ownership, with no tax penalties. These funds can even be combined with SBA and other bank loans to reach your total desired capital.
To qualify, you’ll need at least $50k in 401(k), IRA or other eligible retirement funds.