Cafes and coffee shops are booming, and a shop in the right location can help you make real profits. But before you can open or buy your very own coffee shop, you will need to find the finance. So where can you find the money to get your cafe or coffee shop business off the ground?
Even though the economy in South Africa has experienced a downturn, the restaurant trade is still seeing growth year on year. Although the criterion for customers is altering in favour of healthy alternatives, takeaways and fast food outlets are also seeing improvements in sales.
As income increases and the population grows, the revenues of liquor stores are expected to increase. Revenues for Canadian liquor stores are $24 billion a year, with an annual growth of 3.1% between 2012 and 2017.
If you plan to get into the café business (often a popular choice for first-time entrepreneurs), here’s a guide detailing some of the issues and procedures you should consider when preparing to buy your café.
If you are considering opening boarding kennels, it may seem as though you need little besides space to house the dogs, room for exercise, and perhaps some part-time staff to feed and walk your canine guests.
Hoteliers operate in an extremely competitive industry; if you’re not competing with market leaders such as Hilton or Marriott, then you could well be in opposition with a well-priced Airbnb host down the street.
The health sector in South Africa fails to fully address the need for improving institutional care for the elderly in the public sector. Consequently, there has been a rapid growth of retirement village developments to cater towards the growing elderly population who are keen to invest in their old age.