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While location is important for any storefront, a coffee shop is particularly dependent on a quality location.
Extra Shot Limited is a new company set up and run by Mr. The owners will also invest £60,000 to purchase the initial stock and to cover the start-up costs.
I Produced My Business Plan In 1 Day "I needed a business plan quickly.
We'll offer extended opening hours to target the commuters during the working week.
The outlet will concentrate on sourcing fresh organic products from local farms and the weekly farmer's market.
Others may want to walk down and set up shop with a cup or two for a few hours while they take care of some work.
Understanding the pros and cons of your location is vital to setting up your coffee shop for success.
Revenues forecasted for the first year of operation are £491,000 with this increasing by 8-9% for the subsequent two years. The team has 18 years' combined experience in the takeaway and cafe business.
Net profits are forecast to be 31% before the salaries of the Directors and before tax and interest. The premises are already purchased and secured via a commercial mortgage.
The breakfast and lunch menus will integrate the locally sourced seasonal produce.
The establishment will offer an efficient casual dining and takeaway service offering imported coffee from Italy with Italian based menus using locally sourced ingredients: When the company completes all the key objectives and milestones, the profitability of this venture will flourish.