There are a few things to consider when deciding whether to add a coffee shop to a small hotel. Here are some things to think about. Is there enough traffic in your area to generate revenue? Keep the construction and supply costs low, you do want to have a return on your investment. Sometimes it is a good idea to buy used supplies and furniture to meet this goal. There are companies that specialize in used business furniture. You may want to also sell food to get your ROI faster than only selling coffee.
Before Choosing to Add a Coffee Shop to Your Holiday Rental
Consider whether or not your coffee shop will be a burden or an asset depends on many factors. Can you attract outside customers to generate extra revenue? If your property is in a high-foot-traffic area it may be a good idea. If you have 20 or more rooms and have a steady flow of customers it could be an extra source of revenue.
Demand: Is there a demand for a coffee shop at your hotel? Do guests frequently ask for coffee or a place to grab a quick bite to eat? If so, a coffee shop could be a good addition.
Space: Do you have enough space to accommodate a coffee shop? Ideally, you would have a dedicated area for the coffee shop, rather than just adding a few tables to the lobby.
Cost: How much will it cost to set up and operate a coffee shop? Will the revenue it generates be enough to cover these costs?
Competition: Is there already a coffee shop nearby that could pose competition? If so, you'll need to consider whether there is enough demand for another coffee shop in the area.
Overall, whether adding a small coffee shop to a small hotel is a good idea depends on a variety of factors and it's important to carefully assess the potential costs and benefits before making a decision.
At LAAYR Web we are passionate about the small hotel business sector. We are always available to assist in helping your property to succeed. The Little Hotel Advisor.
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