The project concept is based on establishing and equipping a place that serves hot and soft drinks to its patrons. The project targets locals, expatriates, and tourists. Given the increasing demand for the project’s services, Mashroo3k Consulting expects the project to generate high financial returns and substantial profits.
The global hot beverage market is valued at USD 672.40 billion in revenue and is expected to grow at a CAGR of 7.34% during the period 2022-2025.
By the end of 2021, the global soft drinks market was valued at USD 416.19 billion and is expected to expand at a CAGR of 5.2% during the period (2022-2028) to reach a market value of USD 592.86 billion by the end of the forecast period.
After reviewing all the statistics related to cafes and beverage service businesses, we found that a coffee shop project in Qatar would be highly profitable. The following are the project’s key indicators:
The number of establishments operating in the field of serving beverages is approximately 139 establishments.
_ Compensation for workers in beverage service activities amounts to 54.5 million Qatari riyals.
_ Revenues from beverage activities are estimated at approximately QAR 220.2 million.
_ The net added value of beverage activities is 113.5 million Qatari riyals.
