The recent pandemic had quite an impact on the coffee shop industry, but now that restrictions are lifting, things are already looking rosier.
Coffee Statistics for Startups: Coffee Shop Market Statistics 2023
Coffee Shop Industry Statistics 2023
Coffee Consumption Statistics 2023
Average Coffee Shop Startup Costs 2023
Marketing Trends for Coffee Shops 2023
Coffee Trends
Who leads the coffee industry?
In 2020, Starbucks was the leading coffee chain in the US, with Dunkin’ in second place.
What is the success rate of opening a coffee shop?
A survey conducted in 2019, of coffee shops in the US, found that in the first five years, 50-74% of independent coffee shops would fail.
How profitable is a local coffee shop?
Your local coffee shop is not as profitable as you might think. The average net profit of a coffee shop is around 2.5% of sales, excluding the owner’s salary.
Conclusion
Coffee consumption is on the increase and the industry is diversifying there’s no denying these facts and the stats support this. However, if you want to take advantage of the coffee shop trend, the truth of the matter is that it will take a lot of hard work, long hours, and a certain amount of flexibility. If you want to make real money, you’ve got to compete with the big guns and that means opening multiple shops. Sources: Fits Small Business Coffee Affection E-Importz SmallBizGenius LightSpeedHQ Poster Statista About
title: “30 Interesting Coffee Statistics For Startups 2023” ShowToc: true date: “2023-03-12” author: “Linda Crane”
The recent pandemic had quite an impact on the coffee shop industry, but now that restrictions are lifting, things are already looking rosier.
Coffee Statistics for Startups: Coffee Shop Market Statistics 2023
Coffee Shop Industry Statistics 2023
Coffee Consumption Statistics 2023
Average Coffee Shop Startup Costs 2023
Marketing Trends for Coffee Shops 2023
Coffee Trends
Who leads the coffee industry?
In 2020, Starbucks was the leading coffee chain in the US, with Dunkin’ in second place.
What is the success rate of opening a coffee shop?
A survey conducted in 2019, of coffee shops in the US, found that in the first five years, 50-74% of independent coffee shops would fail.
How profitable is a local coffee shop?
Your local coffee shop is not as profitable as you might think. The average net profit of a coffee shop is around 2.5% of sales, excluding the owner’s salary.
Conclusion
Coffee consumption is on the increase and the industry is diversifying there’s no denying these facts and the stats support this. However, if you want to take advantage of the coffee shop trend, the truth of the matter is that it will take a lot of hard work, long hours, and a certain amount of flexibility. If you want to make real money, you’ve got to compete with the big guns and that means opening multiple shops. Sources: Fits Small Business Coffee Affection E-Importz SmallBizGenius LightSpeedHQ Poster Statista About
