How To Find Coffee Shops For Sale

Over the last ten years coffee shops have hugely grown in popularity. It’s little wonder therefore that large numbers of entrepreneurs are searching for coffee shops for sale. This article outlines a number of ways that as a business owner, you can begin your search for your own store.

The first place you need to start your search at is a web browser. This is because many companies with franchise opportunities expect their would be franchisees to be actively searching for an opening.

By first searching for coffee shops for sale via Google you can then narrow your search down to your local area. You might on the other hand decide you want to base your shop somewhere further afield. Many savvy entrepreneurs choose to do this because they have researched the demand for coffee in different areas first. Lots of online research is the key to this, as well as visiting the potential locations in person. If there are a lot of coffee shops in a certain area, that suggests there is a big demand, however be aware that there is also more competition. Research on the local population and demographics can help you decide if you have a good chance of securing customers in that vicinity.

Another good idea is to get in contact with local shopping malls. They would be able to not only help you with securing a coffee shop for sale within their premises, but they can also give you some advice based on the competition. They would be able to give you some information that you may not be able to find out for your self. For example, there might have previously been a coffee shop based in that shopping mall, that may have closed down. The mall staff could help you understand why it closed down. Perhaps it was because no one locally actually likes coffee! The more research you do and the more questions you ask, the more chances of success you will have later on down the line.

Another necessary port of call would be to contact commercial property leasing companies. There are two main reasons for this. Firstly, they will most likely have coffee shops for sale themselves, so they could supply you with a location. Second, they will have some good knowledge on the local scene for coffee. If you choose to lease one of their units, it is in their interest to keep you in business so you can pay them rent. This is why the best leasing companies research the local area and aim to help their tenants choose a retail unit that is situated in an area where there is a large potential market.

Don’t forget to also speak to several leasing companies. You must be wary that they are all trying to sell you a property to lease, so it’s best to get more than one opinion. Try to speak to a business consultant too or a local authority who could give you additional advice.

The final thing to consider is going down the franchise route. Many successful coffee brands have grown because they offer franchise opportunities. This means when you’re looking for a coffee shop for sale in a certain area, note down what major brands are in the local area. It may be that some brands do not have a local branch. It would be wise to approach this brand to find out if you could run a franchise for them.


Leave a Comment