We will bring fine coffees from all over the world to South Central Minneapolis, where residents, other Midtown tenants and passers-by can enjoy a freshly roasted quality cup of coffee, an espresso or specialty drink in an inviting and friendly atmosphere. The technology Inspirational Grounds is dependant upon is the micro-roasting equipment it will use to roast the beans on-site. This equipment is serviced through the supplier;Espresso Services, Inc. Inspirational Grounds will also use our website to advertise specials and events, and to post the monthly menu and talent offerings.
We will use email to communicate with customers wishing to sign-up for email specials. Eventually, we would like to institute online ordering for roasted coffee and specialty merchandise, but that plan is at least two years off. The system has a battery back-up in case of power surges and temporary power losses.
Although the beverages will not be protected in content, beverage names for specialty drinks reflecting the theme of the shop will be protected under the Federal Trademark laws. The security system Inspirational Grounds uses will protect the contents of the store and reduce insurance premiums. As Inspirational Grounds grows, more features will be added to the existing store. A key part of this is the addition of live entertainment.
This entertainment will be in the form of Jazz singers, poetry readings, Comedy for the King, motivational speakers, and Christian musical Artists. Food items will be added to the menu of offerings. The soup will be made fresh daily, one kind per week. Sandwiches are made to order and include deli favorites such as herbed turkey, egg salad, tuna salad, roast beef, corned beef, and turkey.
A variety of condiments will also be available. Inspirational Grounds will obtain deli meats from Costco. The salad sandwiches will be made fresh on-site. Inspirational Grounds will establish itself as the destination for non-secular and motivational entertainment. We also envision adding meeting rooms, hosting receptions, and adding small devotional rooms for private reflection.
The meeting rooms will be perfect for small business and non-profit organizations with limited office space. Coffee and pastries will be served to ensure a successful atmosphere for business. Inspirational Grounds will also be available for private receptions, such as birthday parties, anniversaries, or showers. The devotional rooms will be wired for individual music selection, equipped with one-way TV cameras, and furnished with a comfortable chair and table. These additions complete the vision for Inspirational Grounds, and provide its customers with a place for socialization, relaxation, and reflection.
Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan. Don't bother with copy and paste. Get this complete sample business plan as a free text document. Download for free. Inspirational Grounds Products Beverages and Baked Goods Inspirational Grounds sells quality freshly roasted coffee, specialty beverages, and beverage related items to the discriminating coffee drinker.
Books and Music Containing Christian, uplifting, and life-affirming messages will be sold to complete the ambiance and community centered feel of the store. Espresso Macchiato — Espresso served in a demitasse with a small amount of foamed milk on top Espresso Con Panna — Variation of the Macchiato substituting whipped cream in place of the foamed milk. Granita flavors are usually coffee or fruit based Other specialty drinks include: Gourmet hot tea, iced Tea, Chai, smoothies, blended coffee and tea-based drinks, and bottled soft drinks.
Books and Music Books — The most popular titles will be stocked in limited supply. See attached example flier. Start your own religious coffeeshop business plan Start your own business plan Start planning. Get the Bplans newsletter: Expert business tips and advice delivered weekly.
Plan, fund, and grow your business. Sample Cafe Business Plan 6. New Cafe Business Plan 7. Cafeteria Business Plan Template 8. Outdoor Cafe Business Plan College Cafe Business Plan What Type of Business Is a Cafe? What makes cafes popular? What makes a topnotch cafe business? What industry does a cafe business belong to? A cafe business belongs to the food and beverage industry.
But because it primarily serves coffee products, it also belongs to a specific section in the food and beverage industry, which is the coffee industry. Another element is their overall ambiance.
The country has moved to the next phase of the vaccination plan, inoculating teachers as schools are gradually reopening. Next in line are soldiers, police officers and people working in sectors critical for daily life, from logistics to the food sector. We want to be close to our customers," Hakan, one of the waiters, told Xinhua. Hakan explained that one of the three waiters had to be laid off temporarily.
We have a duty to ensure costumer safety, so we will abide by all safety measures. We don't want another shutdown if infections increase," he said. Businesses are allowed to welcome customers back inside with restrictions in line with a "controlled normalization" announced by President Recep Tayyip Erdogan following a cabinet meeting on Monday evening. The Turkish leader detailed a plan towards a gradual normalization on a local basis according to the number of infections.
Istanbul and Ankara, Turkey's two biggest cities with a combined population of 20 million, are among them. Restaurants and cafes are allowed to welcome customers between and Night curfews will remain across the country. For the Turkish women, men should wait for the woman to offer her hand first. Small talk is good to enter into conversation with before beginning business discussions. Presentations should be short and to the point. The proposal should be clearly structured and presented.
Visuals in a presentation always help, so try using good, clear graphics with less text. It is also a good idea to translate important materials to Turkish, in order to get your message across. The negotiation process may take longer than usual.
Turkish business people do not like to be put under pressure and do not like deadlines. Therefore any attempt to hurry the process will only produce negative results. Being patient is an asset when negotiating with Turkish counterparts. The financial benefits are not the only aspects of the negotiating process that should be stressed; power, influence, honour, respect are non-financial incentives that will also influence the business decision. There are still many family run businesses in Turkey, although there are many big multinationals where a more corporate culture is visible.
Turks want to do business with those they are keen to, trust, feel comfortable with and can provide a long term relationship. If they sense that you are hiding something, you will most likely be rejected. Decision making in Turkey can be slow. Be prepared to meet several times before the actual bargaining or negotiation stage.
You will probably meet with less senior members of a family, before meeting with the key decision-makers. As negotiations proceed and you have been accepted as being trustworthy and your proposal is financially feasible, then it is likely you will meet the executives or senior members. Decisions are ultimately made by the head of the family or company. Turks use tough negotiating tactics, so it is important to leave room for compromising at different stages. When you have arrived at a reasonable compromise, it should be presented in such a way that shows you made the decision because you like and respect your counterpart.
When greeting Turkish people in a professional setting, formal forms of address should be used. The first name is never used on its own. So, Mr. Ben Smith could be addressed as Mr. Ben or Mr. It is expected to greet the most senior person first as a sign of respect, before greeting everyone else in the room individually.
After the introductions, if your Turkish counterparts offer their business cards, this can be a sign that they are interested in developing a business relationship and you should offer your card in exchange. It is suggested that you include academic degrees and titles on your card. It is very important to maintain eye contact and smile when you present your card, and take the time to read the card that your partner has given you.
This is seen as courteous behaviour, which is necessary to demonstrate that you are seriously interested in doing business. For Turks, the first meeting is more social than business. Their aim is to get to know you and it is extremely rude to insist on talking about business right away. Courtesy is crucial in business, so the ability to listen and show patience are the two qualities that the Turks appreciate most highly.
You may be asked about your family, interests, cultural and historical questions about your home country, or sports. Turkish people like talking about their family and personal interests. When speaking it is important to maintain eye contact since this conveys sincerity and helps build a trusting relationship. Business is taken very seriously in Turkey and meetings will have formal protocols and agenda that should be respected. However, business may or may not get discussed in the first meeting as agenda items may not be strictly adhered to.
Therefore, you should let your Turkish counterpart lead the discussion. Presentations should always be short and to the point. Make sure that you have a clearly structured proposal. Avoid using too much text since Turks like to communicate visually and orally. Instead, try using diagrams and graphics wherever possible, and avoid complicated expressions and difficult words.
It is important that your proposal clearly shows the mutual profitability and benefits of any agreement or partnership, since Turks are serious and astute in business. After the meeting, negotiations and discussions will continue before reaching a deal or establishing a partnership.
You should maintain personal contacts and share all the relevant information about the negotiation or the project. Throughout the negotiation, you should remain patient, calm, and understand that delays may occur. If the negotiation is finished with a deal being reached, you should prepare a written contract, which will be strictly followed and respected by your Turkish counterpart.
Nevertheless, the agreement may be lengthy and detailed. It is recommended to have a local legal expert review the agreement, before the actual signing of the contract. However, it is not recommended to bring your legal representative to the negotiation table, as it could be taken as a sign of distrust. There may be times when a signed contract is broken or needs to be modified, so being flexible and maintaining trust is important to nurturing an ongoing business relationship.
Business entertaining usually occurs in restaurants. For Turks, the meal is a time to relax and engage in some good conversation and build the relationship on a more personal basis.
In term of sufficient cash reserves management, a possible line of credit LOC with our bank could be used in slow sales periods. After an initial period of three years, the company will be able to make a further expansion. At that time, it is envisioned that a bank loan or equity funding will be sought to finance the new development, in addition to retained earnings. The projected financial statements have been prepared in accordance with the general accounting principles, and necessarily include some amounts that are based on reasonable estimates and judgement.
For accounting purposes, the long-term assets are expensed using the straight-line depreciation method over the five to seven years, and inventory is accounted for based on the First- In, First-Out FIFO method. Start-up cost summary i Leasehold improvement, the cost renting a commercial space and build-out costs for chosen location. The following sections outline important financial information. Kapi-Drips is expected to break-even in the second month of operations, see Appendix.
The following tables show the projected profit and loss for three financial years. PAYG Expenses - - Amortized Start-up Expenses Depreciation 1. Projected Cash Flow Many profitable companies go bankrupt because of cash flow deficiencies. That is why our main concern will be to have sufficient cash on hand to meet our payment obligations and be prepared for unexpected needs of cash.
Our conservative projections indicate that our business is able to generate positive cash flows and sufficient cash reserves. In addition to normal cash inflows and outflows, we will focus on establishing sufficient cash reserves for contingencies. That includes a possible line of credit LOC with our bank, that could be used in slow sales periods as well.
This is a good way to control the cashflow risk. In addition, excess cash, as projected, should not remain idle, our management will consider investing idle funds in time deposits or certificates of deposit at banks, or buying additional capitals for future expansion. The following table show the projected cash flow for three financial years. By the end of year three, the business will clear of any debt and expect further expansion to take advantage of opportunities at market place. We expect a healthy growth in net worth and a healthy financial position.
We do not project any real trouble meeting our debt obligations, as long as we achieve our specific objectives. The following table is the projected balance sheet for three financial years. Business Ratios The ratios, overall, show a plan for a balanced, healthy growth. The financial ratios are calculated based on our conservative projections in terms of liquidity, profitability, long-term solvency, cash flow adequacy.
Liquidity ratios inventory turnover, average days inventory on hand, Sales to Total Assets indicate a good debt-paying ability, the effectiveness of customer credit policies, and a number of days needed to collect receivables, to sell inventory and to pay account payable that is consistent with best business practices in our industry.
In addition, we will focus on increasing the gross margin by improving our purchasing methods to reduce the cost of goods sold. Reducing the selling price is not a preferred option. These custom roasted coffees will create a unique experience for our customer, and allow them to further their specialty coffee knowledge. Containing Christian, uplifting, and life-affirming messages will be sold to complete the ambiance and community centered feel of the store. Inspirational Grounds sells the entire array of coffee and espresso-based drinks,specialty drinks, and bakery items, as well as music and books geared toward the spiritual reader.
Specialty Coffees The primary product of Inspirational Grounds is the specialty coffee. Other blends and decaffeinated coffee will be offered as well. The Straight Shot — The foundation of every espresso beverage; served in a demitasse, when consumed alone. Espresso Macchiato — Espresso served in a demitasse with a small amount of foamed milk on top. Espresso Con Panna — Variation of the Macchiato substituting whipped cream in place of the foamed milk.
This produces a smoother and fresher as well as hotter cup of coffee than conventional brewing. Cappuccino — Espresso mixed with foamed milk upon the pour; can be garnished with shaved chocolate. Mocha — Espresso, steamed milk, and chocolate syrup, usually topped with whipped cream and chocolate shavings.
Flavor-Based Drinks Hot Chocolate and Steamers — These drinks are made like lattes and mochas without the addition of coffee. Italian Sodas and Creamosas — An Italian soda is a combination of flavored syrup and high quality carbonated mineral or soda water, served over ice.
Granita — An Italian style granular ice drink similar to a slushy but much more dense in consistency. Granita flavors are usually coffee or fruit based. Other specialty drinks include: Gourmet hot tea, iced Tea, Chai, smoothies, blended coffee and tea-based drinks, and bottled soft drinks. Books — The most popular titles will be stocked in limited supply.
Such books as Woman, Thou are Loosed by T. Jakes; In Pursuit of Purpose , by Dr. Spurgeon, and others. Music — Inspirational Grounds will carry the finest in contemporary Christian music. Bakery Items Inspirational Grounds will also offer its customers a variety of baked goods, including pastries, cookies, and cakes.
Bread for sandwiches and buns for soup will also be secured. Negotiations with several local bakeries are now underway. Quality and consistency will be the determining factors for this decision. Inspirational Grounds will be unique in the vicinity. Not only will Inspirational Grounds differentiate itself from the strictly-coffee cafes by providing its customers with a theme based on sound spiritual principles, we will also be the first independently-owned, urban store to roast its own beans on-site, providing the customer with a unique experience in a welcoming environment.
Inspirational Grounds will use print advertising and sales programs to get the word out to customers. Fliers will be distributed throughout the Twin City area to chambers of commerce, tourism council offices, hotels, neighborhood stores and shops, churches, schools, and other areas one month before the grand opening.
Newspaper advertisements in Minneapolis and St. Inspirational Grounds has associated itself with the finest coffee supplier in the Twin Cities area, Espresso Services, Inc. We will bring fine coffees from all over the world to South Central Minneapolis, where residents, other Midtown tenants and passers-by can enjoy a freshly roasted quality cup of coffee, an espresso or specialty drink in an inviting and friendly atmosphere.
The technology Inspirational Grounds is dependant upon is the micro-roasting equipment it will use to roast the beans on-site. This equipment is serviced through the supplier;Espresso Services, Inc. Inspirational Grounds will also use our website to advertise specials and events, and to post the monthly menu and talent offerings.
We will use email to communicate with customers wishing to sign-up for email specials. Eventually, we would like to institute online ordering for roasted coffee and specialty merchandise, but that plan is at least two years off. The system has a battery back-up in case of power surges and temporary power losses. Although the beverages will not be protected in content, beverage names for specialty drinks reflecting the theme of the shop will be protected under the Federal Trademark laws.