Does bitcoin save a coffee shop from being a money pit?
#asknostr
Assuming below average hourly labor and questionable volume.
Discussion
Eyeballing somewhere in a great location but FML if it won't take $2m to get started. 😩
Depending on the city/area you could start with a coffee “truck” to gauge success. Test out various locations, and if its profitable then expand to a brick and mortar or merge with an existing bakery.
Eh. Can't do that grind with current fiat slavery job
Why would it?
Makes thin margins viable
nostr:npub12r0yjt8723ey2r035qtklhmdj90f0j6an7xnan8005jl7z5gw80qat9qrx is this true? And to what degree
Bitcoin does not make bad business ideas viable.
So if you ask it like that, probably not.
Is a coffee shop an inherently bad business?
Nope, but can be a saturated market. I think not bitcoin makes the difference, but your uniqueness.
Bitcoin just makes life "fair".
Right. Demographic difference and location are the big unlocks. Location being prime. Hugh commuter traffic off major interstate.
If it’a more about the place. Consider checking already implemented stores, that have good traffic and uou can approach the owners see if they are interested in selling it or becoming partners. You can inject money into the business allow for renovations, and test if they are interested in the Bitcoin part you might find a good partner
Bitcoin isn't the selling point. Location is. And customer demographic that is not well served in this area
You'd need to do the economic calculation in BTC. Take your business idea and run the numbers. If the numbers don't work out then BTC is telling you that you should consider something else. That being said, IMO coffee isn't a major problem to solve, so I'm guessing it's not going to be that profitable.
Third spaces are a problem needing solved.
I see so it's not really about the coffee.
Coffee is the sats flow but I envision it growing to more.
I also want an immersion mining setup to heat the water. On display behind plexiglass for customers to see.
The idea for heating the coffee water with miners is pretty clever but the operational temps of miners (0C to 40C) are lower than the optimal brewing temps (90C to 96C). Though you could use it to preheat the water with the miners and the setup would be a super cool visual.
Good call on the heat. It would just feed the water heater, not direct to brew
Could have a server room in build out for things.
Could host events in second floor area or more generally serve community needs.
Trying to determine the value of third spaces.
The best position in coffee is the small independent roaster who provides the base product to the coffee shops. A single person can roast and deliver the product.
I have a buddy who clears 50k month by himself. He put in a decade as lead trainer for a larger local chain. He knew exactly what to offer, at what price and how they liked it.
Unlike a coffee shop you don't have to deal with customers
Minimal industrial space with low rents
No shop hours
No health code inspections
No food handler permits
No constant rotation of lame barista chicks quitting for the next shop
A coffee shop has to be high volume and setup in a lean workflow with drive thru. You have to really make the coffee better and nearly the same price as starbucks and faster.
Plus there is constant noise if the system of a new coffee shop opening like every day too.
I will say that the topless drive thru coffee spot always has a line but not sure how to write the HR handbook for the dress code.
It's on a commuter highway and would be marketed toward veteran friendly politics, which are numerous is this area. Drive through is a must for the volume. The entire thing hinges on location and an underserved demographic with no third space or local coffee business to support.
Highway is good
Have a good entrance and exit
Be frictionless arrival and good que
If you see too many trucks in line ya ain't stopping
No more than ten minutes tops
Orders need to be taken by a friendly girl in the lot walking truck to truck
Have a breakfast/ lunch offering that is quality but takes no longer than a coffee to get ready
No stupid awnings that lifted trucks can't fit under to order
Loyalty accounts with good rewards
Tap to pay
Learn names and break the corpo barrier to personalize
Great insights.