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 - Industry Investment Chapter
The Coffee and Snack Shops industry has a medium level of capital intensity, and in 2014, IBISWorld estimates that for every $1.00 spent on wages, industry operators will spend $0.18 on the use and replacement of capital.
The industry relies heavily on labor because of the need for personal, face-to-face service and labor input in all areas of operation, including order taking, serving, food and beverage preparation, acceptance of deliveries, cleaning and management. The industry's overall spend on labor is relatively low as most positions within coffee and snack shops require little training or skills and can be undertaken by students or other low-skilled workers... purchase to read more