Starting a coffee shop is one of the most common business ideas that we encounter in our SCORE counseling, and to the surprise of many, it is more complex, with a higher cost of entry, than many people may think.
The cost for espresso machines and leasehold improvements can easily exceed $100,000 and $200,000 is not out of the question. Now, assuming you have the needed $100,000 or can borrow it, which is sure to entail putting a second mortgage on your home, let's do some math.
A little back-of-the-envelop math is always a good place to start when thinking about a...
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