Nature of our Business (1) business plan
Our new business is a private Limited company. The Coffee House is based in the heart of Birmingham city centre,125 Colmore Row, B3 3SD. Our partnership is governed by the UK Partnership Act 1890. Our Coffee Shop is run by a four partnership organisation and financed by an individual contribution of £50,000 from each partner. With ownership shared by me, Alex Sharukai, Victor Lubitsch, Andrew Barry and Thomas black. Coffee House launches on the 15 January 2012. Coffee house will offer residents and visitors a totally new style of a coffee shop- one offering a uniquely flavourful coffee drink and a comfortable, upscale environment at which to socialize, relax or work. coffee house is located on a market that have amazing demographic profiles, significant traffic by the store, year-round tourist activity and a sizeable student population. Set up costs
The start-up expenses include: * Legal expenses for obtaining licenses and permits as well as the accounting services totalling £1,300. * Marketing promotion expenses for the grand opening of the Coffee House in the amount of £3,500 and as well as flyer printing (2,000 flyers at £0.10 per copy) for the total amount of £3,580. * Consultant’s fees of £3,000 paid to ABC Espresso Services <name changed> for the help with setting up the coffee bar. * Insurance (general liability, workers' compensation and property casualty) coverage at a total premium of £2,400. * Pre-paid rent expenses for one month at £1.76 per square feet in the total amount of £4,400. * Premises remodelling in the amount of £10,000. * Other start-up expenses including stationery (£500) and phone and utility deposits (£2,500).
The required start-up assets of £142,320 include: * Operating capital in the total amount of £67,123, which includes employee’s salaries for the first two months and cash reserves for the first three months of