Eastbrook Finance helps Charlottesville, Virginia cafe and coffee shop owners request equipment financing, working capital and term loans. County Business Patterns counted 36 snack and nonalcoholic beverage bars, the code that holds coffee shops, with paid employees in Charlottesville, VA in 2023.
At a glance
- Snack and nonalcoholic beverage bars, Charlottesville, VA
36 employer establishments with 544 paid employees (CBP 2023)
- Cafe payroll, Charlottesville, VA
$11.7 million in annual payroll at snack and nonalcoholic beverage bars (CBP 2023)
- Small cafes, Charlottesville, VA
8 of 36 snack and nonalcoholic beverage bars had fewer than five employees (CBP 2023)
- Cafes in ZIP 22902, Charlottesville, VA
14 snack and nonalcoholic beverage bars (ZBP 2023)
Business Loans for a Coffee Shop Business: What Charlottesville, VA Owners Use Them For
Owners of coffee shops put business loans toward espresso machines and grinders, brewers and water filtration, refrigerated pastry cases, ovens for shops that bake, furniture and counters, a build-out for a new space or a second location, and wages in the months before a new shop has regulars. Shops that roast also buy green coffee in bulk, often well ahead of use.
Most of those costs are equipment with a dealer price, which suits equipment financing. The build-out and opening wages fit a term loan and a short working capital loan.
Coffee Shop Financing for Charlottesville, VA Coffee Shop Owners
Coffee shop financing for an espresso machine is one of the plainer equipment requests: a known price, a long useful life and a resale market. A partner reads the quote, the shop's sales history and how the machine fits the shop's volume, since a machine sized for a busier shop costs more than the drinks it adds.
Illustration only, invented figures: a cafe finances a $21,000 two-group espresso machine, grinders and water system at an annual rate of 10.8% over 48 months. Each month the cafe pays near $541, roughly $25,954 by the last of 48 payments (our arithmetic on invented figures).
Cafe Business Loan: Green-Coffee Orders and Added Locations for Coffee Shop Owners
A cafe that roasts its own coffee buys green beans in lots that can last months. A green-coffee order is inventory: it can be financed as stock and paid down as roasted coffee sells over the counter and wholesale. Partners will want the order, the supplier terms and the roaster's sales by month.
An added location is a larger request. The first shop's records carry it, since the new site has no history yet, and the lease, build-out bid and opening budget for the second shop complete it.
Coffee Business Loan in Charlottesville, VA for Added Locations and Cafe Build-Outs
A coffee business loan for a build-out pays for walls, plumbing for sinks and machines, electrical for espresso and ovens, counters, flooring and lighting. Much of that stays with the building, so it is harder to secure than equipment. Landlords sometimes contribute an allowance toward the build-out; check the lease first, since that reduces what has to be financed.
Inside Charlottesville, VA city limits, a build-out needs building permits from the city and a health permit for food service. The zoning and permits guide covers the city side.
Business Loans for a Cafe in Charlottesville, VA Planning a Build-Out
Business loans for a cafe planning a build-out are clearest as a full budget: construction, equipment, the first stock order, signage, and wages and rent for the weeks before and after opening. Missing the opening weeks is a common gap in a cafe request, since sales start slowly while costs start at once.
- The lease or letter of intent, with any landlord allowance.
- The contractor's bid and the equipment quotes.
- An opening budget with rent and wages for the first months.
- For an existing shop, its bank statements and returns.
Small Business Loans for a Coffee Shop Covering Green-Coffee Orders and Added Locations
Small business loans for a coffee shop covering both green-coffee orders and an added location can be one request with separate parts: inventory financing or a line for the coffee, a term loan for the new site. Keeping them separate lets each be paid back on its own schedule.
Cafes that add a catering cart or truck should read how a cafe pays for a food truck, and anyone buying an existing franchise cafe the franchise loan article.
Snack and Nonalcoholic Beverage Bars in the Charlottesville, VA Census Count
Charlottesville, VA counted 36 snack and nonalcoholic beverage bars with paid employees in 2023, a NAICS code that takes in coffee shops along with juice, ice cream and donut shops, with 544 paid employees and $11.7 million in annual payroll; 8 of the 36 had fewer than five employees (County Business Patterns). ZIP 22902, which reaches beyond the city line, had 14 snack and nonalcoholic beverage bars (ZIP Business Patterns 2023).
The 36 are part of the 248 restaurants and other eating places counted in the city. More city figures are on the Charlottesville, VA page, and the other food pages are on the industry list.
By Eastbrook Finance · Updated
