Industry Analysis & Industry Trends
Over the past five years, the Coffee and Snack Shops industry has been buoyed by increased consumer spending, driven by higher disposable incomes and greater confidence in the economic outlook. The industry was hit hard by the recession as unemployment rose, consumer confidence tanked and spending dried up. But coffee and snack shops have rebounded from the recession at a faster rate than most segments of the food service sector as consumers increasingly seek convenience at an affordable price. The industry has been given a much-needed boost by rebounds in consumer spending and the Consumer Confidence Index over the five years to 2014... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry are low in this industry, given that an operator can lease premises, equipment, furniture and fittings, which lowers the initial capital costs, outlays and borrowings for the industry. The industry's two biggest players, Starbucks and Dunkin' Donuts dominate aspects of the coffee shop segment of the industry and have a large impact on product developments, however, in other market segments they have limited influence. The industry is on the whole highly fragmented and small-business orientated.
Entry to the industry can also occur through signing a franchise agreement, which includes outfitting and equipment, as well as training and computer systems... purchase to read more