3 Drink Business Ideas For Trendy Millennials

Would you care for a drink?

Today’s Millennials have a vast range of tastes when it comes to drinking. Wild grunge parties of the 1990s where everyone drank to oblivion are a thing of the past. Millennials and Gen Z have a much more appreciative approach to drinks. They instinctively understand the need for expertise when it comes to a good beverage, whether it is served in a cocktail glass or a coffee mug. The passion for knowing and understanding everything about their favorite drinks can inspire the launch of sophisticated businesses that can surf on the drink culture wave. 

As it happens, more and more individuals are staying at home in the midst of the pandemic. They are losing their opportunity to socialize with friends at the local bar or coffee shop. It offers a unique opportunity for entrepreneurs to launch a drink business that is dedicated to enhancing your at-home experience.

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Romantic night-in delivery 

The pandemic is making a strong argument for romantic night-ins. A business model that specializes in offering a range of celebration drinks for each occasion can serve the night-in purpose. It is fair to say that not every household is equipped with the knowledge to pick the right bottle for their home-cooked meal. That’s where a unique differentiating factor can help promote your business. Offering simple recipes along with each bottle of wine can transform the romantic dinner at home. For unique partnerships, the business can also provide direct links to local takeaways with recommendations on the best choices for each wine. 

It can also be helpful to join small ingredients to prepare wine or bubbly cocktails, such as letterbox-friendly pouches with small quantities of spirit, fruit juice, or soda with step-by-step instructions. 

Coffee-at-home supplier

Some days, you just fancy a smooth and mellow cup of coffee that hits all the right spots inside your mouth. As many employees have embraced home-based work arrangements during the pandemic, many find themselves missing their favorite drinks at the local coffee shop. As the Beverage Industry market reveals, Americans consume a lot of coffee – 400 million cups of coffee every day. But some prefer a frothy cappuccino while others want an oat milk latte with a dash of vanilla syrup. It can be tricky to reproduce barista-quality at home. Yet, a coffee or tea specialist could provide all the tools people need to create the right drink. 

Investing in automated espresso or coffee gear such as a superautomatic machine means that you don't even need an expert barista to make high-quality drinks. The machine does all of the work for you without the cost of labor and extra overhead

Alcohol-free cocktails for families

Not every home enjoys drinking alcohol. From pregnant women to fitness enthusiasts, a lot of adults would welcome the services of an alcohol-free specialist. Many households start the day with a homemade smoothie or freshly-pressed juice. But they fail to recognize the potential of a healthy mocktail. Did you know you could use a fun drink to inject more vitamins into your day-to-day lifestyle? A strawberry orange mango kombucha mocktail is packed with vitamins and probiotics goodness. Besides, there’s a grown-up scent to the fermented kombucha that makes this drink the perfect go-to option for a happy hour glass! 

Delivering drinks and drink recipes to trendy households who want to rediscover the pleasure of social drinking is a unique business opportunity. Contrary to common belief, the beverage market is vast. Regardless of your offering (alcoholic, alcohol-free, warm, etc.), it’s time to inject a healthy dose of sophistication into at-home drinking. 

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Homes Suited For "Grandmillenials"

Briana Gonzalez

Are you someone in their mid-20s to late thirties who doesn’t gravitate towards more modern and contemporary aesthetics? Do you find yourself having an affinity towards design that many might consider more “traditional” or “antiquated”? Well, you may not have known, but you may be considered to be what is now referred to as a “grandmillenial.” While you may disregard labels, you may fall in love with the form of architectural design that is less “granny-chic” and more elegant, an appreciation for the aesthetic of the past. For those who revel in the surroundings of Art-Deco, regal columns, and Emory Roth, here are a few homes to take a look at that seamlessly combine modern luxuries with a grandmillenial style.

15 West 81st Street, Unit 14B  

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Located on the Upper West Side, this seven bedroom home has been restored and maintained from the original time of Emory Roth. While you may choose to redesign the living space, the kitchen features an original casement window, original subway tiling, and original St. Charles cabinetry. Enjoy mornings and evenings in the living room overlooking the skyline which captures the essence of Central Park and The Museum of Natural History. Fitted with modern amenities such as playroom, state of the art fitness center, and separate storage room for owners, it is the perfect space for the grandmillenial buyers.

The Astor

The Astor Off The MRKT

Built in 1901, the Astor is known to be one of the most iconic and prestigious buildings in the Upper West Side. Centered in close proximity to some of New York City's most renowned cultural districts- The Museum of Natural History, New York Historical Society and the Beacon Theater- the Astor is marked by wealth, parties and fame. Combining classic architectural designs, from mosaic tile work to a marble fireplace on the first floor lobby alone, the grandeur of the classic Astor has been preserved with a modern contemporary twist. Equipped with a fitness center and a children's playroom, the building includes all modern amenities.

983 Park Avenue, Apt 5C  

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Take a walk right through Central Park and find yourself facing this Upper East Side fourteen story pre-war home designed by Schwartz & Gross. Built in 1927, you can enter the renovated apartment building from a semi-private landing into their impressive lobby space. The apartment space comes decorated with original pre-war moldings, herringbone wood floors and a cozy wood burning fireplace. Enjoy contemporary amenities such as a basketball room, a fitness center - or opt for your small gym space- and private storage space.

The Chatsworth  

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Within walking distance, The Chatsworth mirrors the similar historical value of the Astor. This pre-war landmark borrowed its name from the most prestigious building in England, built in 1904. It remains one of the most iconic buildings within the neighborhood. Landmarked a Beaux-Arts masterpiece, shown through the regal columns and hand carved paneling, it contains some modern designs such as a custom made grandiose chandelier. Akin to a private club, amenities include a lounge space and a children's playroom. Also find yourself enjoying evening walks or bike rides on Riverside Park located near this luxury one-of-a-kind building.

One Hundred Barclay

100 Barclay tribeca real estate off the mrkt

Downtown's Art-Deco Skyscraper is the epitome of historic loft buildings in TriBeCa. Originally constructed between 1923-1927 for the American Telephone Company, the One Hundred Barclay became the first skyscraper in the world built in this style. While the building's exterior and main lobby were restored to preserve the original design, the tower has been re-crafted in order to feature sprawling loft residencies with high ceilings and incorporating spacious loft living. Perfect for the grandmillennial buyer, the One Hundred Barclay is close to both the Hudson River Park and the High Line.

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First World Problems: How The Millennial Generation Can Buy A Home

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One of the most prominent issues the millennial generation has is that they are unable to afford a home. The vast majority have resigned themselves to the fact that they will be renting for their entire lives. But, short of them inheriting a property, is it feasible for them to buy a home without it crippling them financially? So, if this is you, what can you do?

Having A Good Relationship With A Lender

Having a good lender or realtor will give you a bit more sway, and you will understand a bit more about what is available out there. In addition to this, you will understand more about the best ways to get assistance with a down payment. If you have no idea how to gain control of your finances, then it's time to get a bit more knowledge under your cap. There is no point in pretending you know everything- go to advisers or professional advice.

Start As Early As Possible

Putting away savings as soon as possible is the one way to get onto the property ladder, regardless of your age. Choosing your investment avenues wisely, again, with the help of professional advice, will help you to take advantage of what is out there. Even with something like net lease properties, there is still a considerable cost upfront, if you go down the buy to let method of acquiring a home, where you pay the mortgage yourself, but rent it out to a tenant, it could be a bit of a struggle at the outset, but with long-term gain.

Get Prequalified For Financing

If you are one of those lucky people that can pay in cash, it's best for you to get pre-qualified for a loan before you start looking for a home. It doesn't take long, and you can do it over the phone, or online with the lender you want to go with. They take into account your credit history, as well as your current financial situation, and can give you the amount that you qualify for.

Strike While The Iron Is Hot

Keeping an eye on mortgage rates is a practice that you should get into, because while houses may seem expensive at the moment, if you wait any longer, the interest rates could go further up. If you are saving up enough money, it's important for you to keep an eye on how the mortgage interest rates are looking, especially in relation to current political climate. For example, Britain leaving the EU could cause a dip in housing costs, and banks are still keen on lending currently.

The millennial generation doesn’t have it easy as far as the financial climate is concerned. With rising prices all around, but the salaries not meeting them, the fundamental cost in life, such as mortgages, appear to be non-existent. But, this decline in young property owners means that the millennials need to be more knowledgeable about what they're entering into. It is certainly possible for the millennial generation to buy a home, but there's a lot more to consider now than 10 or 20 years ago.

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Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.