Having a lemonade stand is cute, but older kids could learn a lot about business and setting goals with this free printable kid’s lemonade stand business plan! Teach them to plan and set goals to raise money easily!
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My daughter has always loved having a lemonade stand or a sweet tea stand when we have our annual yard sales each summer. She’s getting older now, and has started to show some real interest in entrepreneurship recently, so I wanted to use this as a way to help her understand a little more.
She is THRILLED to have this plan, and honestly has worked really hard on her little lemonade stand business plan, and I’m super proud of her!
This is a great way to help your kids learn what goes into a business, how to calculate cost, and decide on price, and how to set goals for their business.
Let me show you what’s included…
If you’re just here for the free printables, and don’t want to read the tips on printing and instructions on how to put these together below, then you can get those HERE.
What’s included in this kid’s lemonade stand business plan?
Including the cover, there are five pages in this Kid’s Lemonade Stand Business Plan. Print it off on regular paper. You may need multiple copies of pages 3 and 4, but we will get to that.
Page 1: Cover.
This is designed to just print on regular 8.5×11″ paper, so you can just use your home printer if you want.
Page 2: Business name and menu.
The first page will cover brainstorming some ideas for a business name. A kid’s lemonade stand doesn’t NEED a name necessarily, but this is a great way to get the creative juices flowing and help kids feel like this is something that belongs to them, and not just a generic idea.
Walk your kids through the menu section. Help them decide if they want to have multiple cup sizes, multiple types of lemonade, and the pros and cons of all the ideas.
Page 3: Picking out your lemonade recipe(s) and determining cost.
Here’s where you may need multiple copies of this page and the next. If they decide to have more than one type of lemonade (or other drink, like sweet tea), they will need multiple copies of this page and the next.
Explain to them that it’s important in business to be consistent. If people like your lemonade, they want it to taste the same way when they buy it again, so following a recipe is important!
For each recipe, they will need to determine the cost of the recipe. The next page will help them figure the cost of a pitcher, and the cost per cup so they can determine pricing.
Here are some lemonade recipes they could try:
- Classic Lemonade – simple recipe that everyone expects.
- Sugar-Free Lemonade – may be a good choice if your audience is older or elderly.
- Blackberry Lemonade – a fun summer twist!
- Watermelon Lemonade – a great choice for warmer weather.
- Strawberry Lemonade – a traditional twist on the classic lemonade recipe.
Remember to also have them include cups, straws etc in their costs, especially if they’re choosing to offer multiple cup sizes.
Page 4: Finding the cost per pitcher and per cup.
A HUGE part of this exercise is having them decide the cost of each pitcher, determining how many cups each pitcher makes, and then determining the cost of each cup.
This is basic math, but if you feel it’s too advanced you can help, or let them use a calculator.
You may need to go to the store to determine the cost of each item, or use an online grocery pickup app to find the cost of each item as well.
Page 5: Pricing, Profit, Goals, and Tracking Sales.
On the last page of the Kid’s Lemonade Stand Business Plan, kids will determine, based on the cost it takes to make each cup, what they then want to charge customers for each cup.
The next section will help them determine how much PROFIT each cup sold will make them.
Then at the bottom of the sheet they can set a profit goal, for how much money they want to make, and then track their sales and total profit at the end of the sale.
My daughter is SO excited to implement her business plan this summer at our yard sale, and I’m really proud of all the work she put in on this Kid’s Lemonade Stand Business Plan, and I’m sure your kid(s) will love it too!
A good follow-up to this, after they have their lemonade stand sale, would to have a chat with them about what they liked about what they did, what they didn’t, and what they would do differently next time.
If you use this, I’d love to hear from you in the comments!
Want more DIY kid’s projects?
- Sidewalk Chalk Mosaic – this would be a great way to decorate the sidewalk around their lemonade stand too!
- Minecraft Block Craft – we LOVED making these with wood cubes, and they look AWESOME in my daughter’s Minecraft room!
- DIY Squishies – these are SUPER easy to make and are really affordable too!
With this free printable Kid’s Lemonade Stand Business Plan, I’m sure your kids will learn a lot about business and have fun making and setting goals for themselves! Happy selling!