How to make profit in a drinks-based business?
PROBLEM:
TAKEAWAY DRINKS STAND = CHEAPER COST OF RENTAL & LABOUR = LOWER PRICE OF COFFEE
SOLUTION:
LOWER PRICE OF COFFEE = ADD-ON A RELIABLE ITEM TO MENU = HIGHER AVERAGE SPENDING PER CUSTOMER
EXAMPLE:
$5 COFFEE + $1 ICE + $8 SANDWICH (HIGHER MATERIAL COST BUT STILL CATCHING PROFITS)
Alternatively, and quite importantly:
if you have a food-based business, use drinks to upsell your mains. When focusing on food, drinks are often overlooked by businesses.
A whole is made up by the sum of its parts. Complete the meal.
MOST IMPORTANTLY:
HAVE A GOOD VARIETY AND QUALITY OF FOODS FOR RETURNING CUSTOMERS.