Simple Definition of coffee shop
a small restaurant that serves coffee and other drinks as well as simple foods
a relaxation center inside a medical marijuana dispensary or recreational cannabis store
Stop by for a fresh cup of your favourite MJ Mike’s Brew. We are found in all the upscale Medical Marijuana Dispensaries and Recreational Cannabis Stores.
The coffee business is booming and installing an MJ Mikes’s Coffee Shop in your cannabis operation is a smart move !
1. Coffee is one of the three most popular beverages in the world – along with water and tea. Eighty-three percent of Americans say they drank coffee in the past year. Sixty-three percent have said they drink coffee daily.
2. There are an estimated 100 million people in the U.S. who drink coffee daily. Of these people, 30 percent drink a specialty coffee (espresso, latte, ice coffee, cappuccino, etc.) daily.
3. Thirty-four percent of coffee drinkers say they go to premium places like Starbucks to get their fix, while 29 percent say they go to lower-priced places like McDonald’s or Dunkin’ Donuts.
4. The average size of a coffee cup is 9 ounces and coffee drinkers average about 3 cups of coffee per day. The average price for a cup of brewed coffee is $1.38. The average price for an espresso-based drink is $2.45.
5. While Brazil leads the way in coffee production – the South American country produces an estimated 30 percent of the world’s coffee, Nordic countries lead the way in consumption per capita. Finland, Norway and Iceland lead the way with its residents consuming well over 9 kilograms (about 20 pounds) yearly.
6. Most coffee houses don’t sell just coffee. Other items often sold by coffee franchises include beverages such as tea, smoothies, bottled drinks and soft drinks. Food items carried by many coffee franchises include pastries, baked goods and sandwiches.
7. A Starbucks franchise typically clears over $100K a year profit. The big advantage of installing an MJ Mikes’s Coffee Shop in your cannabis operation is the tax savings you will realize because of IRC Section 280e and how it relates to Cannabis Businesses. Although there is no guarantee to same results happening with your dispensary or rec store your tax savings could be as high as 50%.
Let MJ Consulting Services install, launch and maintain a
Coffee Shop or other franchise opportunity for you today.
Call 1-503-328-6929 for prices, terms and conditions