Business ideas
15 min read

10+ Best & Profitable Drink Business Ideas in 2023

Are you ready to shake up the beverage industry with your own creative and demanding drink business? From artisanal coffee blends to fresh and fruity smoothies, there's no shortage of business ideas in this ever-evolving industry. As the thirst for innovative and unique drinks continues to grow, there's never been a better time to start your own drink business. In this article, we'll explore 10+ creative and demanding drink business ideas that are sure to get your entrepreneurial spirit flowing. So, whether you're a caffeine addict or a lover of all things fruity, read on to discover the perfect business idea to quench your thirst for success.

Written by:
Nick
Updated on:
March 5, 2023
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Table of Contents:

Our List of 10+ Best Drink Business Ideas:

1. Coffee shop.

A coffee shop is a place where people go to enjoy a good cup of coffee or other beverages, socialize, or work. Over the years, coffee shops have become popular gathering spots for people from all walks of life.

  • Business opportunity: Starting a coffee shop can be a lucrative business idea, especially in areas with high foot traffic or a dense population.
  • Low start-up costs: compared to other businesses, starting a coffee shop does not require a lot of upfront investment or specialized skills.
  • Room for creativity: Coffee shops offer a lot of room for creativity and innovation, from different blends of coffee beans to new and exciting flavors, food pairing, and ambiance.
  • Consumer loyalty: people are loyal customers of their favourite coffee shops, and this ensures repeat business and positive word of mouth that can boost a coffee shop's reputation and bottom line.
  • Social utility: coffee shops bring people together for work and play in a relaxed and conducive environment, meeting a fundamental social need for human interaction that is increasingly important in today's virtual world.

2. Smoothie bar.

A Smoothie Bar is a business that specializes in creating delicious and healthy drinks made from a blend of fruits and vegetables.

Smoothies have become increasingly popular in recent years as people become more health-conscious and seek out nutritious meal alternatives. Many consumers are turning to smoothies as a healthy and convenient on-the-go option.

Here are some reasons why investing in a Smoothie Bar business could be a great choice:

  • Healthy and Nutritious: Smoothies are packed with essential vitamins and minerals, making them a healthy choice for health-conscious consumers.
  • Versatile: Smoothies can be made in a variety of flavors and with different ingredients, making them a versatile option for customers.
  • Convenient: Smoothie Bars can be placed in high traffic areas, such as shopping malls or busy city streets, making them a convenient option for customers on-the-go.
  • Profitable: Smoothie Bars have the potential to be highly profitable, with low overhead costs and high margins on each drink sold.
  • Easy to Operate: With a simple and straightforward menu, Smoothie Bars are easy to operate and can be run with a small staff.

A Smoothie Bar business could be a smart investment for entrepreneurs looking to capitalize on the growing demand for healthy on-the-go options. By offering delicious and nutritious smoothies in a convenient and accessible location, a Smoothie Bar could quickly become a popular destination for health-conscious consumers.

3. Juice bar.

A juice bar is a business that specializes in selling freshly made juices, smoothies, and other health-oriented drinks. These establishments have become increasingly popular over the years as more people become focused on health and wellness.

  • Some benefits of owning a juice bar include:
  • High profit margins: Juice bars typically have high profit margins since the ingredients used to make smoothies and juices are relatively inexpensive.
  • Low competition: While juice bars have become more prevalent in recent years, they are still relatively uncommon compared to other food and beverage businesses.
  • Health-conscious customer base: Juices and smoothies are popular with customers who are actively seeking healthy food and drink options, which can help build a loyal customer base.
  • Opportunities for growth: Juice bars can expand their menu offerings to include food items like salads, sandwiches, and wraps, providing additional revenue streams.
  • To start a successful juice bar business, consider:
  • Location: Find a space in an area with high foot traffic, such as a busy shopping center, gym, or health food store.
  • Menu: Offer a variety of healthy options that cater to different dietary preferences and restrictions.
  • Equipment: Invest in high-quality blenders and juicers to ensure that juices and smoothies are made quickly and consistently.
  • Marketing: Use social media and local advertising to promote the business and attract new customers.
  • Staffing: Hire knowledgeable and friendly staff who can answer customer questions and make recommendations.

4. Craft beer brewery.

Are you a beer lover who's always on the lookout for unique and flavorful brews? Have you ever thought about starting your own craft beer brewery? If so, you're not alone! Craft beer has exploded in popularity in recent years, and many entrepreneurs are jumping on the bandwagon to bring their own unique blends to the masses. But what exactly is a craft beer brewery, and what makes it such a great business idea? Let's dive in:

  • Craft beer is typically brewed in small batches by independent brewers, using only the finest ingredients to create unique and flavorful blends.
  • Craft beer breweries often focus on producing seasonal, limited edition, or experimental brews that you won't find anywhere else.
  • Many craft beer enthusiasts are willing to pay a premium for these unique and high-quality brews, creating a potentially lucrative market for craft beer businesses.
  • Starting a craft beer brewery allows you to turn your passion for beer into a profitable business venture.
  • Craft beer breweries have the potential to become popular local hangouts and attractions, drawing in customers who want to sample your brews and enjoy the atmosphere.
  • You don't necessarily need to be an experienced brewer to start a craft beer business – with the right training and guidance, anyone can learn how to create delicious craft brews.
  • Craft beer breweries are a great way to support your local community and showcase the unique flavors and ingredients of your region.

If you're considering starting your own craft beer brewery, there are certainly many factors to consider – from securing funding to sourcing ingredients to complying with local regulations. But for those with a passion for beer and a willingness to put in the hard work, it can be a rewarding and exciting business venture. So why not raise a glass to the idea of starting your own craft beer brewery?

5. Wine bar.

A wine bar is a type of bar that primarily serves wine, as well as appetizers and small plates. Wine bars can vary in their atmosphere and decor, ranging from sophisticated and elegant to cozy and intimate. They are becoming increasingly popular around the world and can make for a great business idea for a few reasons.

  • Wine bars offer a unique experience for customers who are interested in exploring different types of wine. They provide an opportunity for customers to try a variety of wines from different regions, and learn about the tasting and pairing processes.
  • Wine bars can attract a diverse crowd, from wine enthusiasts to casual drinkers. This can provide a steady flow of customers throughout the week.
  • Small plates and appetizers often accompany wine at these bars, which can lead to increased revenue as customers tend to spend more on food than on drinks.
  • A well-curated selection of wine can serve as a selling point for a wine bar, especially if it offers a range of rare or unique wines that customers can't find elsewhere in the area.
  • Wine bars can also host tastings, classes, and other events, which can further drive traffic to the establishment and increase revenue.

6. Cocktail lounge.

A cocktail lounge is a type of bar that specializes in serving high-quality cocktails. These establishments provide a cozy atmosphere for patrons to enjoy classic and contemporary cocktails, often accompanied by tasty snacks or appetizers. Cocktail lounges are an excellent business idea for a variety of reasons:

  • Cocktail lounges offer a unique experience for guests, providing the opportunity to try new and creative cocktails.
  • They are ideal for those who prefer a more intimate setting than a traditional bar environment.
  • Cocktail lounges can be profitable businesses due to the high margins on drinks.
  • They offer a great opportunity to showcase mixologists' skills, which can differentiate the bar from competitors and help build a loyal customer base.
  • Their appeal extends beyond evening hours; cocktail lounges may be open for happy hour, late-night drinks or for weekend brunch.

Overall, a cocktail lounge is a great idea because it appeals to a specific market that has a disposable income willing to spend on premium drinks. It is a growing industry and increasingly in demand as people enjoy innovative cocktails and exclusive experiences.

7. Sports bar.

Are you an avid sports fan? Do you enjoy watching live games with friends while enjoying a cold beer and some hearty bar food? If so, have you ever considered the business potential of opening a sports bar? If not, you're in for a treat! Let's dive into the world of sports bars and why they make excellent business ideas.

  • A sports bar is a venue that typically features multiple television screens showing various sporting events, as well as serving food and drinks.
  • Sports bars are a popular destination for fans to gather and watch their favorite teams play while enjoying the social atmosphere.
  • Many sports bars also offer a variety of games and activities such as pool tables, dartboards and arcade games to keep patrons entertained and engaged during halftime.
  • Sports bars can be profitable due to the high demand for live sports viewing and social interaction, especially during major sporting events such as the Super Bowl, World Cup and Olympics.
  • Additionally, sports bars can attract a diverse clientele from young adults to families with children, as well as corporate groups for after-work events, providing multiple revenue streams.
  • Location is key for a successful sports bar. Places near college campuses, busy downtown areas and popular business districts are ideal.
  • You can also cater to specific sports fans, such as those who love soccer or baseball, with themed events and decor.
  • Regular promotions, such as happy hours, trivia nights and group discounts, can help drive foot traffic and create a loyal following among your customers.

Overall, opening a sports bar can be a profitable and fun business venture for those who have a passion for sports and socializing. With the right location, atmosphere and marketing strategies, your sports bar can become the go-to destination for all sports fans in the area.

8. Tea cafe.

Have you ever thought of owning a business where you can relax, enjoy some tasty tea, and socialize with others? If so, opening a tea cafe may be the perfect business idea for you!

  • A tea cafe serves a variety of teas, from classic black teas to herbal infusions, and everything in between.
  • The atmosphere of a tea cafe is warm and inviting, with comfortable seating and decorative touches such as artwork, plants, and cozy lighting.
  • Tea cafes often offer snacks and other light menu items to pair with your favorite tea, such as pastries, sandwiches, and salads.
  • Many tea cafes also host events such as book clubs, open mic nights, and live music performances, providing a cozy and intimate venue for local artists and enthusiasts.
  • A tea cafe can appeal to a wide variety of customers, from tea connoisseurs looking to try new varieties to casual visitors looking for a comfortable place to socialize with friends.
  • A tea cafe is a relatively low-cost business to start up, with minimal equipment needed and relatively low overhead costs.
  • Tea consumption has been on the rise in recent years, making it a highly promising market for entrepreneurs.

9. Bubble tea shop.

Are you looking for a business idea that is not only unique but also trending? Then, opening a Bubble Tea shop might just be what you're looking for. Bubble tea, aka boba tea, is a Taiwanese tea-based drink that originated in the 1980s. It contains chewy tapioca pearls (the "bubbles"), which are usually mixed with milk, tea, and various flavored syrups. The drink can be served warm or cold, and it's typically served with a wide fat straw to suck up the tapioca pearls.

Why would a Bubble Tea shop make a good business idea?

  • High demand: Bubble tea has gained popularity in recent years, and it's now a trendy drink among people of all ages. By opening a Bubble tea shop, you'll cater to a growing clientele that is willing to pay for this unique and delicious drink.
  • Low startup costs: Compared to other food and beverage businesses, Bubble tea shops have relatively low startup costs. You don't need a big storefront, expensive equipment, or large staff to run a Bubble tea shop, which makes it accessible to more entrepreneurs.
  • Customization: Bubble tea can be customized to fit the taste buds of your customers. You can offer different types of tea, flavors, and toppings, giving your customers endless options to choose from.
  • Simple operations: Since Bubble tea doesn't require complicated preparation methods, your staff won't need extensive training to make the drink. The simplicity of the operation means it won't be hard to maintain consistency in the drinks you offer.
  • Additional menu options: Bubble tea shops can also offer food options, such as snacks and desserts, to complement the drink. This can increase your revenue and attract a wider range of customers.

As you can see, opening a Bubble tea shop can be a lucrative business idea that is relatively easy to start. When done right, this unique drink can attract a loyal crowd that will keep coming back for more. So, are you ready to start brewing?

10. Kombucha brewery.

Have you ever heard of Kombucha? It's a fermented drink that's all the rage among health food enthusiasts these days, and for good reason. Not only is it delicious, it's also rich in probiotics and antioxidants, making it a great choice for anyone looking to improve their gut health and overall well-being.

If you're a fan of Kombucha, you might be interested in starting your own Kombucha brewery. Here's why:

  • Low startup costs: Compared to other food and beverage businesses, starting a Kombucha brewery requires minimal investment in equipment and supplies.
  • Growing demand: As more and more people become interested in health and wellness, the demand for Kombucha is only increasing.
  • Flexible production: Kombucha can be brewed in small batches, making it easy to scale production up or down as needed.
  • Creative opportunities: Kombucha can be flavored with a variety of fruits, spices, and herbs, giving you endless opportunities to get creative with your product offerings.
  • Community building: Kombucha is often consumed in social settings, which means that starting a brewery can provide opportunities to build a community around your brand.

Starting a Kombucha brewery might not be for everyone, but if you're passionate about health and wellness, enjoy experimenting with flavors and brewing techniques, and are looking for a low-cost business opportunity with plenty of growth potential, it could be the perfect choice for you.

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Successful Examples of Drink Businesses:

Here is a shortlist of successful companies in the drink business industry:

  • Coca Cola
  • PepsiCo
  • Nestle
  • Danone
  • Red Bull
  • Fever-Tree
  • Monster Beverage Corporation
  • Brewdog
  • Dr. Pepper Snapple Group
  • Gatorade.
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Related Business Ideas

Below are some more business ideas you can epxplore as options.

Nick

Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. In 2020, I left my job to build media websites and share my knowledge through newfoundr. Join me on my mission to make entrepreneurial success easier.