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kleinbl00  ·  3203 days ago  ·  link  ·    ·  parent  ·  post: I opened my coffee shop yesterday...

I coulda swore I've posted this like five times on Hubski, but it ain't showing.

I coulda swore I've made you read it at least three times, in which case, apologies for the fourth.

    According to recent figures from the Specialty Coffee Association of America, 57 percent of the nation's coffeehouses are still mom and pops. Just over the five-year period from 2000 to 2005—long after Starbucks supposedly obliterated indie cafes—the number of mom and pops grew 40 percent, from 9,800 to nearly 14,000 coffeehouses. (Starbucks, I might add, tripled in size over that same time period. Good times all around.) So much for the sharp decline in locally owned coffee shops. And prepare yourself for some bona fide solid investment advice: The failure rate for new coffeehouses is a mere 10 percent, according to the market research firm Mintel, which means the vast majority of cafes stay afloat no matter where Starbucks drops its stores. Compare that to the restaurant business, where failure is the norm.

I would bet on a coffee shop before I'd bet on anything else and I'd bet on a coffee shop next to a Starbuck's before I'd bet on a coffee shop somewhere else. Let them do the market research and then bleed customers to shop owners sick of burnt beans.

And hey. Maybe in a few months me and ButterflyEffect will hop on the train and come visit your ass. I've just got to open my own ridiculous six-figure venture first.

Congratulations. It's gonna be awesome.