Coffee Shop Financial Planning Tool

Description
This is a robust and easy-to-use financial model for anyone looking to start their own coffee shop. The assumptions would also fit a general resteraunt. You will be able to plan out a diverse menu with various pricing options and estimated order counts over time, the estimated cost of goods sold, and general capital expenditures as well as operating expenses.

Outputs include an IRR sensitivity (sensitizing price and order counts) as well as monthly and annual financial statements (Income Statement, Balance Sheet, Cash Flow Statement), a DCF Analysis, and Annual Executive Summary.

When starting a coffee shop, here are the main things to plan:

Concept and target market: Determine the type of coffee shop you want to create and identify your target audience, such as specialty coffee, a cozy neighborhood café, or a grab-and-go espresso bar.

Business plan: Create a comprehensive business plan that outlines your goals, startup costs, pricing strategy, marketing plan, and financial projections.

Location: Choose a prime location with high foot traffic, proximity to your target market, and a competitive environment. Consider lease terms, zoning regulations, and accessibility.

Menu and suppliers: Develop a menu that aligns with your concept and target market. Source quality coffee beans, teas, syrups, milk, and other ingredients from reputable suppliers.

Equipment and layout: Select the necessary coffee equipment, such as espresso machines, grinders, brewers, and refrigeration units. Design an efficient and appealing layout that accommodates customer flow and staff operations.

Licensing and permits: Obtain the required licenses and permits for operating a food establishment, including health permits, business licenses, and food handling certifications.

Staffing and training: Determine the staffing needs, such as baristas, servers, and kitchen staff. Hire and train employees who are knowledgeable about coffee preparation, customer service, and food safety.

Branding and marketing: Create a strong brand identity, including a name, logo, and overall visual aesthetic. Develop a marketing strategy that includes online and offline promotions, social media presence, and collaborations with local businesses or events.

Financial management: Set up an accounting system to track sales, expenses, and inventory. Determine pricing strategies and monitor costs to ensure profitability.

Customer experience: Focus on creating a welcoming and comfortable atmosphere for customers. Pay attention to interior design, seating options, music, and lighting. Provide exceptional customer service to build a loyal customer base.

Note, the template comes with all the assumptions zeroed out, you can follow along with the video to fill out your own inputs.

This template is also included in two bundles:
- All Models Bundle: https://www.eloquens.com/tool/P8Y4TX4v/finance/financial-forecasting-models/financial-models-120-useful-and-usable-logic
- Industry-Specific: https://www.eloquens.com/tool/lrNGt2jL/strategy/business-plans/business-sector-bundle-35-bottom-up-financial-models