Can i start a coffee, donut, bagel, sandwhich shop with 8K?

[diknox00]

13K is definitely possible. Go to your local bank and use it as collateral to get 15k more.

Reseach....Create a plan. And use the 15K for when times get rough. Your 1st year will be the toughest and you'll be glad you have the extra funds.

Thats my 2 cents!

[chuff1026]

13K is definitely possible. Go to your local bank and use it as collateral to get 15k more.

Reseach....Create a plan. And use the 15K for when times get rough. Your 1st year will be the toughest and you'll be glad you have the extra funds.

Thats my 2 cents!

if u use the 13k as collateral for 15k, you will not be able to use the initial 13k
:S

[Sepiroth]

Chuff, can you type more of this shelf corporation you mentioned in one of your posts in this topic?

[BentheCEO]

$8-10k is definitely cutting it close. The idea is simple and a good one and could work, but with MUCH more planning. Planning/stratetgizing and documentation are key!

[sheambone]

you can have one in a small city in asia i guess, my friend made a lot of money from it. and its easy to live there

[cdezzz]

i know this is rather late, but I would suggest a min of 25k, i own one shop and am in the process of opening two more shops

[kevtoon]

The coffeeshop business is such a risky and highly competative market, I thought about doing it once however, places like Starbucks, Costa are so competative and their costs for produce is so low, that a small start up could never compete. The example I use is in a book called the Undercover Economist by Tim Harford. Always worth a read

[chicon]

Do not let others discourage you. With some creativity - 8K could be enough. Buy a donut machine on ebay or a consumer machine rather than commercial. Get suppliers to give you terms. Offer a percentage of revenues instead of rent to the landlord for a start. Work your butt off. You can do it.

[inle]

it seem that there is no much planning or research done prior to opening the café..

Instead of jumping in just because you had got sufficient funds, I figure it will be best to use some of your resources to plan & research first..