The 38-year-old star is hoping his cafe, which is situated near his home in East Grinstead, South East England, will be so successful that he can turn it into a country-wide chain.
He said: "I`m opening a coffee shop very near where I live in the next couple of months and I`m really excited about it. It`s going to be in East Grinstead and I`m looking for some talented baristas to work there.
"I`m hoping it`ll be a chain eventually, but at the moment I just want to focus on the one shop. It makes sense for it to be near my house so that I can pop in and help out whenever they need me there!"
Peter - who raises three children, Harvey, eight, Junior, five, and Princess, three, with ex-wife Katie Price - also admitted after spending time in Dubai recently, he is considering investing in property in the United Arab Emirates.
Speaking in his new! magazine column, he revealed: "I`m having an amazing trip. I`ve been doing some filming for my reality show and I`m shooting my 2012 calendar while I`m out here. I also had the honour of opening a new hotel, Grosvenor House.
"It`s so beautiful here that I might invest in some property. The women are so glamorous as well, but then so are the women in the UK. Don`t say I`m not diplomatic."
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