Smoothie Shop...?!
Answers: I want to open a smoothie shop by the time I am 19. Will two years of GREAT CREDIT be enough to get the proper loan? Also, how much should I expect the total cost to be, and will it succeed?
Great Credit will get you a good loan
Yes a smothie shop will succeed
it depends on how good of a shop u have to know the $$$$
Start saving, it looks good to the bank manager. And have a plan ready. Show him that you know what you are doing, who is going to run it, and how you're going to do it.
Look in real estates and check out shop lease prices, find out how much it will cost to have it fitted out. Organise what you need ie blenders, cash register, tools of the trade etc.
Also check out the competition, see which ones are more successful, what are they doing that makes it good? What could you do to make it better?
and make sure you are in a location that is not too close to another similar shop or where it is too quiet. Work out who would be your main customers and where they are.
Be prepared and be careful who you hire. Your staff can make or break your business. If you hire someone too much older than you they can resent you for being their boss, but young people can be unreliable. You need to find a good balance.