I want to open my own tea shop....help!?

Answers:3   |   LastUpdateAt:2012-11-02 23:54:03  

Question
dda
Asked at 2012-08-10 06:31:03
Hello, I can help ...

Is there still a market for this type of business? I'm moving to a busy city beach in Ireland, so good location. Very passionate about doing this, but only lack of information and guidance. Any help is appreciated!

How to put together a business plan? Who do I approach / talk?

How much money will I need in advance? If you do not have enough, where is the best place to buy a loan?

How I can find the best suppliers? If you opened your own business, how? I know I should see more competition and prices, but what have you done this? How do I know I'm getting a good price for buying in bulk from suppliers and how much I can sell each item? Are there rules and regulations costing? I do not want to overload or undersell.

I want to start small - maybe a small desk with a table and chairs for a few. Do you think this is feasible? I do not want to open a cafe, as such, and serve hot food. I'm looking in tea, coffee, pastries, sandwiches, etc. What are your thoughts on this? I know there is a large market for coffee and you have to be good. Where I can find decent products?

Is it better to buy or rent a tent? If renting, how much should I expect to pay for small venues? How long is the lease usually for? 3 years? In addition to liability insurance, water rates, electricity, etc. What else should I expect to pay and more or less what cost?

From what I read, it is advisable to buy / rent a coffee and make improvements to it, to avoid having to buy all the equipment. However, if the store did not come with all this, can advise what is needed and at what cost? For example, I advise you buy a machine that combines tea and coffee or one for each one separately? If any of you have successfully opened a small tea / coffee, how you go about your start-up and how much did it cost?

Ideally be looking for work in the shop with another person, so I know he would pay a salary. Where is the best place to advertise for staff? What documentation must I have to take the staff?

I am willing to open at 8 am to catch the workers and, ideally, about 2:30 pm. What are your thoughts on this? Would you advise a close on Sunday only?

I also considered providing snacks to businesses during lunch. These would not be if inhouse. I would be looking to buy these from a supplier. Can you give me an idea of ​​how much they would buy a sandwich for and sell it for?

I know I would have to source a good accountant. Is there anyone else I should be seeking professional advice?

Last but not least is the benefit. As I never open my own business before, what kind of benefits should be the goal to do? I am good with numbers, but if you can explain in detail, which would be helpful.

I appreciate any help you can offer. I have so many questions, but it would be good to hear your comments on the above first.

Best wishes,

Paddy'sgirl!
Answer1madihaAnswered at 2012-08-10 07:18:03
So many questions . If you have a business link in Ireland you need to talk to them. First you need the money. It sounds so young that they stand no chance of a business loan. We had to remortgage our house to our coffee. There is little benefit in what you propose , and as for the purchase of sandwiches which is a none starter . You have to look into the business of selling in your area to see what the rents are . If you are not prepared for sandwiches and cakes yourself you will not make enough profit to pay their expenses. Nobody is going to come into his shop at 8 am , tea rooms usually open at 9am to catch the buyers and moms returning to school. Sorry but it sounds as if you do not have a clue. I suggest you work for one of these tea rooms and cafes to see what you could be getting into.
Answer2DwaneAnswered at 2012-08-19 13:56:03
Go get some experience .. gets a job at a tea shop .... I be employed is not 9-5, Monday through Friday work ... you need to know everything about the business you are interested in starting or nobody will lend money for start up costs ... check out the amount of other tea shops / sandwich rounds are in the area and what we can offer to people want to spend their money with you instead of the cafeteria in the previous road.Advice on Business Link seems a good place to start .. Goodluck
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