Team 1 – QFE Coffee House

Presentation Team

HubLab Teams
Each team at HubLab will consist of six young entrepreneurs, one from each participating country—Romania, Bulgaria, Greece, Cyprus, Poland, and Latvia. These teams have collaborated throughout the program, combining their diverse perspectives to develop innovative business ideas. The final teams have officially pitched their business idea on 23 September, in Iasi

Details Team

QFE: Coffee House and Library

Business Overview

  • Business Name: QFE Coffee House

  • Concept: Combining the coziness of a coffee shop with the practicality of a library to create a quiet atmosphere where people can work, read, and relax.

  • Tagline: Where Every Cup is an Experience of Quietness, Focus, and Espresso

Problem Statement

  • Identified Issue: The busy lives of students and young professionals require a space that offers peace and productivity.

Solution

  • QFE’s Offering: A quiet environment that blends a library’s focus with the comfort of a coffee house, allowing customers to pick up a book and enjoy a drink or snack without interruptions.

Location and Market Potential

  • Location: Iași, Romania

  • Market Potential:

    • 60,000 students across 8 universities

    • 25,000 high school students

    • 20,000 young adults aged 20-25

Business Model

  • Main Revenue Streams:

    1. Coffee and beverages priced from €2.5.

    2. Loyalty card system offering special discounts for returning customers.

    3. Branded merchandise (e.g., mugs, thermoses).

    4. Book sales with the option to exchange books for special offers.

  • Additional Revenue Potential:

    • Community events, study groups, and book club meetings.

Minimum Viable Product (MVP) Feedback

Based on surveys conducted:

  • 76.1% of respondents believe a variety of beverages is essential.

  • 66.7% would visit more often if there were special offers.

  • 54.3% want to exchange books for special offers.

Cost Structure and Initial Investment

  • Monthly Costs:

    • Rent: €1,000

    • Salaries: €6,000

    • Utilities: €500

    • Inventory: €2,500

  • One-Time Costs:

    • Equipment: €10,000

    • Licenses: €1,000

    • Furniture: €10,000

    • Initial Book Inventory: €300

  • Investment Needed: €150,000

  • Estimated Return: 150%-200% ROI

Marketing Strategy

    Thank You!

    Video