Episode from the podcastInvest Like a Boss

145: Coffee Shop Economics with Coffee Beanery’s Kevin & Laurie Shaw

Released Wednesday, 10th June 2020
Good episode? Give it some love!
Laurie Shaw is the COO of Coffee Beanery, the best provider of 100% Arabica Specialty coffee with 40+ Flavored Coffees offered in Decaf Swiss Water Process. In addition, she manages gift sets, fundraising, franchising, & wholesale. Kevin Shaw, the Director of Franchise Sales, joined the family business as a manager of the Ren Cen store in Detroit and soon after moved back to corporate to develop the roasting, flavoring and packaging processes that have evolved into what you see today.
In this episode, Laurie and Kevin are taking us behind the scenes of their franchise to share what it’s like to run a coffee shop. Learn about the epic risks and big rewards of opening a coffee shop including the earning potential. After listening, you will understand the economics of owning a coffee shop and the vital steps in making it your next financial success!
Where we are:
Sponsor:
Discussed:
Like these investments? Try them with these special ILAB links:
  • ArtofFX – Start with just a $10,000 account (reduced from $25,000)
  • Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
  • Betterment – Get up to 1 year managed free
  • Wealthfront – Get your first $15,000 managed free
  • PeerStreet – Get a 1% yield bump on your first loan
*Johnny and Sam use all of the above services personally.
Time Stamps:
  • 20:26 - Consumption patterns for coffee globally over the past few decades 
  • 25:02 - “People like going places that are more special and unique.” - Laurie Shaw
  • 26:47 - The economics of owning a coffee shop 
  • 29:10 - Different products they sell and the revenue each product brings in 
  • 29:44 - How Coffee Beanery has responded to the rise of remote work and coffee shops becoming like coworking spaces 
  • 31:00 - The online order environment in the coffee business 
  • 33:22 - Where do their coffee beans come from? 
  • 37:01 - “People do business with people they like, and they will take an inferior product if they get an excellent experience.”- Laurie Shaw 
  • 40:50 - The cost and profit of a cup of coffee 
  • 41:35 - When and how Coffee Beanery moved towards the franchised model 
  • 44:43 - The requirements of becoming a franchise owner 
  • 55:00 - How Coffee Beanery creates customer loyalty 
  • 58:20 - The stats behind Coffee Beanery and other big coffee companies
If you enjoyed this episode, do us a favor and share it! Also if you haven't already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here
Copyright 2020. All rights reserved. Read our disclaimer here.

Creators & Guests

We don't know anything about the creators of this episode yet. You can add them yourself so they can be credited for this and other podcasts.

Episode Reviews

This episode hasn't been reviewed yet. You can add a review to show others what you thought.

This podcast, its content, and its artwork are not owned by, affiliated with, or endorsed by Podchaser.
Rate Episode

Share This Episode

Recommendation sent

Join Podchaser to...

  • Rate podcasts and episodes
  • Follow podcasts and creators
  • Create podcast and episode lists
  • & much more

Episode Details

Length
1h 25m 8s
Explicit
No
Season
1
Episode
145
Episode Type
Full

Episode Tags

Do you host or manage this podcast?
Claim and edit this page to your liking.