Coffee & snack shop industry report

We’re spilling the beans (plus how tech, WFH, and health trends factor in)

Author

Zlatko Bijelic
24 Sep • Estimated Reading Time: 5 minutes

Hey there!

Thinking about jumping into the world of lattes and pastries? We've got some piping-hot data for you. Grab your favorite brew and let's dive in!

Industry snapshot

  • Revenue: A whopping $71.7 billion in 2024

  • Growth: 5.1% annual growth from 2019 to 2024

  • Businesses: 79,088 well-caffeinated establishments

  • Employment: 930,000 baristas and “snack artists”

  • Profit Margin: 4.3% (Every penny counts!)

What's brewing?

  1. Health-conscious snacking: Customers are craving vegan, gluten-free, and low-sugar options. Time to spice up that menu!

  2. The coffee-price rollercoaster: Global supply issues and climate change are shaking up coffee prices. Keep an eye on those beans!

  3. Tech steaming up: Mobile ordering and contactless payments are becoming the new norm. Don't get left behind!

  4. Artisanal coffee kings and queens: Customers are willing to pay more for that perfect cup. Quality over quantity, folks!

  5. Work-from-home impact: With more remote work, corporate sales might take a hit. Time to target those home office warriors with cozy environments, menu items, and special offers that will get them out of the house!

Where's the action?

The top 5 states for coffee shop action are:

  1. California (15.9% of businesses)

  2. New York (8.6%)

  3. Texas (7.1%)

  4. Florida (4.6%)

  5. Washington (3.7%)

Quick bites

  • Average revenue per business: $906,700 annually

  • Average employees per business: 12

  • Most significant expense: Purchases at 42.4% of revenue

  • Average employee wage: $20,617 (lower than sector average)

Future forecast

  • Expected growth: 1.3% annually from 2024 to 2029

  • Trends to watch: Sustainability, personalization, and healthier options

UpFlip has you covered!

As you probably already know, we have a number of courses available inside the UpFlip Academy to help you launch your coffee cart, cafe, or any other entrepreneurial endeavor you decide to dive into!

Maybe you just need a blueprint for starting a business? We have a course for that, too.

Order up!

Remember, starting small with basic offerings and expanding as you grow is a smart move. Keep those costs in check, understand your market, and don't be afraid to get creative with your offerings!

After more inspo? Check out:

Here’s to staying caffeinated and motivated ☕️
Your friends at UpFlip!

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