Tuesday, 26 April 2011
So, part two. I have decided on a roaster, Behmor 1600. After a year of that, and my customer base is big enough, I plan on upgrading to a gas fired 1 or 2lb roaster. The cost would be $2500 for 1lb roaster, or $3500 for a 2lb roaster.
I gave a sample of coffee to the Stone Table restaurant, haven't heard back on the results yet, whether or not they want to buy from me. I want to give some samples to my church, and see if they would consider buying from me. I have two other customers who want to buy from me on a regular basis, other than that, I don't have any more confirmed customers.
I got in sample bags for coffee last week, haven't decided on a bag yet. I will have reclosable valve bags for whole beans, and sealed bags for ground coffee.
Cost for the roaster is $300, grinder is $90, start up beans $100+, bags is $25, and some other expenses mixed in.
My grandparents have put aside money for each of their grand children in the bank, for college. I am not sure about college, and my grandma said that if I wanted to I could use some of that money to start up, instead of a loan. I am still thinking on the idea, but I like it.
I talked with my uncle who roasts coffee, and he said I need to look into this as a business that will grow to the extent that I cannot handle alone. I should be looking at this as growing quite large. That would be one reason to buy the larger roaster right now. However, until I get my customer base down I don't want to spend several thousand dollars on a machine that will take a few years to pay off.
If I sell an average of 5lbs a week, I profit in a year $1300, that means I make in a year roughly $2700. Not to bad. In one year I bring in enough money to buy the larger roaster. In two years if my customer base keeps growing and I am selling 10lbs a week, I am profiting $2600, bringing in $5200. This looks like a fun business to be in! It is fun looking at costs, and seeing how much I can make at this price, in a year. Quite fun to plan.
I will probably be receiving a check for $650 sometime in May, if I decide to go ahead with this. It will then be the end of June before I get things cracking.
I have my awesome cousin who is married drawing up some ideas for a logo. I'm looking forward to what she comes up with (she is an amazing artist!)!
I think I need to set up a website, so people have a place to order it, at least a place to look at prices and beans. I hope to get my dad help me with that. I know someone in my church who is a photographer, I'm considering asking her to take some pictures for the website of beans, mugs, etc. So many things to consider when starting a business! This is so much fun.
If you are interested in sampling my coffee, email me and I'll get you a sample (local only please, I can't afford to ship samples).