You are here: Home - Household Bills - News -

Is the coffee shop the new boardroom?

0
Written by:
28/06/2017
The humble coffee shop is a thriving business hub, according to new research, with deals worth £14.5bn closed there.

Four out of five Brits spent at least three and a half hours working from a coffee shop every week, according to research from discount voucher website MyVoucherCodes. A third have closed a business deal in a coffee shop, valued at an average of £1,732 each.

It’s not just confined to the self-employed or start-ups. 67% of respondents said their place of work supported the idea of working from a coffee shop. One in three people have attended a job interview there. The average working session in a coffee shop lasts for 93 minutes.

This is good news for coffee shop owners, with the average worker spending up to £10 on food/drink for each working session. The average Brit spends over £2,160 a year working from a coffee shop, 8% of their salary, and this climbs to nearly £2,600 for the self-employed worker.

For freelancers and the self-employed, coffee shops are more economical than serviced offices but will lack other perks. US group ‘We Work’ now has twenty sets of ‘coworking’ offices around London, starting at £660 for a private office. The group also offers ‘hot’ and ‘dedicated’ desks. Elsewhere, a serviced office for four, based in Chalk Farm, is £2,800 per month through Nomad Space.

These will offer more than simply a desk, including regularly scheduled office hours with venture capitalists or other industry professionals, and tequila tasting happy hours. They will also offer high speed wifi, meeting rooms and video conferencing facilities, not all of which are available at the local Starbucks. More to the point, you won’t have to make every cup of coffee last three hours.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
2235993-housesforsale
House prices ‘rebounded’ in June

The latest Nationwide house price index has found that prices rose by 1.1% in June, taking the average price to...

Close