Hi sir,
I want to start business in the field of Tea and Coffee.. Please help,
Aniruddha Chatterjee
Ans: Aniruddha - while you have put in a very broad question, i am assuming you want to open a cafe kind of place. My view on this is that cafes have become more of hanging around kind of places. So you need to be in a high traffic zone with young population. Opening any retail outlets means taking on a decent capital expense - rental deposits, interiors and furniture etc. as well as monthly costs - rent, manpower, maintenance, etc. Also, cafe's face a typical problem - people sit with a cup of coffee or tea for long, so your billing value is low and table turnaround is less. So your revenues are low, while your costs are whatever they are. So think about these points. Overall I think it is a good idea, but creating a cool vibe for people to come in and spends time and have a decent billing value is challenging.