I am married to a level headed wife. However, we have have another married couple who are friends with a similiar interest. As we had dinner together, we discussed the possibility of starting a Coffee Shop in a nearby town. It would be a co-operative investment. I have some concerns.
a) Normally a new buisiness generally takes a year to make enough revenue to stay alive on its own. Would we be able to maintain our full time jobs and sustain this new buisiness?
b) Willing to start out small, but how much money will we really need to start a buisiness like this? I realize there are many variables that include but does not list all; rental fee for the location, rental fee for the machines, inventory, enough money for a FTE (full time employment) to manage the place.
This and I wonder if it would not only stay afloat but create enough profit to be worth our time and interest.
