Personal Finance
Planning To Quit Your Job To Open A Cafe? You Need At Least $100K
By Seedly  •  March 29, 2019

While I was waiting in line for what seems like forever to get into a popular cafe during the weekends. I got bored and decided to count how many people walked in to get coffee to go.

Within a span of 30 minutes, I counted 20 people who walked out with a cup of joe in hand.

Assuming that’s $6 for a cup of coffee, the place just earned $120 in a span of half an hour! And if the cafe’s operating hours are from 8am to 6pm, they would’ve earned $2,400 a day, on coffee alone! Imagine what the profit margins must be like if you included sales from food and merchandise…

Image Credit: SpongeBob SquarePants | giphy

This got me wondering… What if I woke up one day, decided that I didn’t give a frappe about my 9-to-5, and want to open my own gold mine cafe

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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