Coffee Business Success Stories [2024]
Ever thought of turning your love for coffee into a business? Consider starting a coffee shop. At its core, this business means offering high-quality coffee and a cozy space for people to unwind.
You'll need to select a prime location, source exceptional beans, and design an inviting atmosphere. The daily grind involves brewing great coffee, managing inventory, and fostering a community feel.
Itβs a venture that blends passion with profit, providing a chance to create a local landmark. The coffee shop market is competitive, but with a solid concept and dedication, it can be highly rewarding. If youβre ready for hands-on involvement and have a knack for hospitality, this idea could turn your caffeine dreams into reality.
In this list, you'll find real-world coffee business success stories and very profitable examples of starting a coffee business that makes money.
1. Momentum Coffee and Coworking ($156K/year)
Tracy G. Powell and Nikki Bravo founded Momentum Coffee and Coworking in May 2020 with the goal of creating an affordable co-working space for underrepresented entrepreneurs in Chicago. Despite facing challenges during the pandemic, their strong relationships with customers, intentional partnerships, and active social media presence have helped them attract and retain customers, with their revenue reaching $17-20k per month.
How much money it makes: $156K/year
How much did it cost to start: $200K
How many people on the team: 4
Chicago based Ignite Technology and Innovation-owned Momentum Coffee & Coworking, which focuses on coffee, coworking, community, and event space, rakes in about $17-20k a month in revenue, mostly from online and offline advertising, and just celebrated their first anniversary, with plans to open 2 more locations in Chicago in under-resourced communities.
2. Little Coffee Place ($96K/year)
Demri Robinson, the website manager and co-founder of Little Coffee Place, came up with the idea for their coffee blog after connecting online with Rodrigo, who had a mutual love for coffee. They decided to start the blog as a compilation of their coffee experiences and it has since grown to make $8k to $10k a month with 80,000 monthly viewers.
How much money it makes: $96K/year
How much did it cost to start: $500
How many people on the team: 4
Little Coffee Place, a website hub of coffee market information founded by Demri Robinson and Rodrigo, generates on average $8k to $10k a month and has 80,000 monthly viewers, with most of their income coming from Amazon affiliation, other coffee affiliates, and Mediavine advertisements.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
