Post By Barry O'Speedwagon
Post By Caffeinator
Post By BangalowBarista
Having someone else run your cafe
I currently work full-time in a completely unrelated business. I'm hoping to open and run a cafe in the next 2-3 years, I've been following courses and preparing myself, but I have a project at work that will last another 2-3- years and I would like to see it through to the end.
However, a cafe has just gone on the market which i believe is the perfect opportunity for me. i don't have all the details yet, but it is built completely of recycled material and is on the grounds of a weekend market type place, so lots of people around. I want my cafe to be vegan and sustainable and this place just seems perfect. However, as I said, I cannot run it for the next 2-3 years. is it realistic to buy it and get someone else to run it, whilst slowly transitioning it to being vegan? It's ok if I don't make any money at this stage and I guess I may loose some too, but do you think it is realistic or should I wait until I can fully commit knowing i will never find this perfect a place again?
Regardless of the transition to the vegan thing, letting someone else run your new business for the 1st 3 years of its life sounds like a disaster waiting to happen, particularly if you don't have the knowledge and proximity to be able to monitor what they are doing. I'd take a deep breath, and keep saving my money.
Bad idea. I have seen wannabe cafe owners turn $250k redundancy payments into debt faster than they ever made it by purchasing a cafe and thinking it's an easy ride. Have you run your own business? Accountancy skills? Hospitality skills? Previously employed and managed staff/super/tax? Created, costed and then delivered a cohesive menu? Barista skills? Stock management? How are you at cleaning toilets? Oh yeah, you're not gonna be there...
The questions you ask make me inclined to think at this stage, it's a shocker of an idea. Going hyperspecific in terms of offer will simply alienate a proportion of your potential market.
Walk away, build skills, research and then put your money into your super or prudent investments- because in 95% of cases, you will do far, far better. Heaps of cafes run at a loss, some break even and the really good ones make a modest return.
Last edited by Caffeinator; 11th February 2020 at 07:18 PM.
I would always suggest working in a cafe for a year or so too.