Caitlin Stoskopf, Leanne Briggs, Davis Burge, Jason Bjorgo - PowerPoint PPT Presentation

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Caitlin Stoskopf, Leanne Briggs, Davis Burge, Jason Bjorgo
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Caitlin Stoskopf, Leanne Briggs, Davis Burge, Jason Bjorgo

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  1. Caitlin Stoskopf, Leanne Briggs, Davis Burge, Jason Bjorgo

  2. Start Up Costs (Shop) Furniture

  3. Start up Costs (Shop) Brewers

  4. Start Up Costs (Kiosks)

  5. Start Up Costs (Appliances) • Large Refrigerator $1,500 • Espresso Machines $5,600 • POS System (5) $14,500 • 3lb Commercial Coffee Grinder $ 810 • Commercial Oven $1,100 • Dough Mixers/Kneaders $1,895

  6. Projected Operating Costs

  7. Total Operating Costs

  8. Start Up Funds (excluding Operating costs)

  9. Start Up Costs (Property Value) • Property costs $19,200 per year.

  10. Staffing

  11. Insurance (Business Income Loss) • Offers protections against loss of income from business interruption for up to 12 months, and pays extra expenses necessary to keep you in business.DK-Agency Insurance and financial services

  12. Insurance (Premises Liability) • Offers protection against losses caused by bodily injury or destruction of property suffered by costumer on your premises.

  13. Projected Revenue from Kiosks

  14. Projected Revenue Shop

  15. Menu Prices

  16. Menu Prices

  17. Menu Prices

  18. Cash Flow • We expect to have a positive cash flow within one year of opening our coffee shops. • We have based our Cash Flow on estimates from revenue and other similar coffee shops and their first-year revenue

  19. Loans • We have decided to take out a 7(a) loan in the amount of $175,000. • The interest rate on the loan will be 2.75%. • We will gradually pay it back in seven years

  20. Paying the Bills • We are going to use finances from the our loan, from our cash flow, and from our own pockets to pay for monthly bills such as: • Basic Utilities • High Speed Internet • Insurance • Rent

  21. Finances • Each partner will contribute $25,000 from his or her own pocket. • This will total to $100,000 allowing us to take out a smaller loan. • Start-up expenses to fund (not including Operating Costs) $150,233 • Remaining Expenses to fund $50,233

  22. Basis of Our Decisions • Based on our own Marketing Research we have conducted we feel we have adequate information on the students, faculty, and staff at PLU, all of whom, we hope, with our information, will be major contributors to our coffee shops and Kiosks. • We conducted volunteer surveys to 28 participants.

  23. The Deal on the Surveys

  24. Data on Coffee Drinkers

  25. Data on Coffee Drinkers

  26. Coffee Drinkers Non-Coffee Drinkers Data on Text Messaging

  27. Data on Coffee and non-Coffee Drinkers

  28. Questions?