At Last ...last coffee post :)
Okay, to finish up this coffee obsession I have held I am going to wrap it up a bit. The $6 for a mocha with whipped cream and a $3 for a Croissant warmed is not a lot to ask, but I am surprised when I pay more for it.
In part there article after article on the cost of coffee beans to the actual drip. The cost of starting a coffee cart to owning a coffee empire. Finally, when I do step up to Market Street in San Francisco there is close to 100 places for me to go to get coffee. Yet, its that 45 minutes of a coffee can make or break a coffee shop.
For reference, the coffee beans themselves have had to change. Next, there is a lot of coffee places for sale. Finally, the increase of minimum wage is going to be reflected.
For brevity, here is a snippet of an RFP for a coffee shop in an airport
Space No.1: Pre-security consisting of 865 sq ft.
Space No. 2: Post-security consisting of 1,974 sq ft. •
Food and Beverage Coffee concept. •
Term: 10 years with two 1-year options.
Rent is the higher of the Minimum Annual Guarantee of $420,000 or the following tiered percentage rent:
6% of Gross Revenues achieved up to and including $1,500,000.00, "
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