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Financial Plans for Classic Cup Cafe

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Submitted By Boogie10
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Financial Plans for
The Classic Cup Cafe

Gwen Thompson
Strayer University
Dr. Marla Boulter

BUS 402-Small Business Management

A NEW “THE CLASSIC CUP CAFÉ”
The Classic Cup Café is a new and re-established restaurant. The assets of the restaurant were purchased with no change to the name of the business as it exists. It is located in Lancaster, Texas where it was originated by the original owners. The decision to buy The Classic Cup Café was because as entrepreneurs, we wanted to enter into the market quickly. Since this business already had a great reputation and established relationships, we were positive that the business would become prosperous pretty quickly for new owners. When the business was purchased, it was formed as a Subchapter S corporation.
The new ownership is expecting for profits to grow at a constant rate. Plans to expand with additional locations is currently being negotiated with the expectation that once the ideal location comes up, we will be ready to begin to build.
THE MARKET
The market will consist mostly of working individuals. The first set of people will be those working people who need to have a relaxing place to meet for business meetings or to simply pick up breakfast or lunch during their work day. In the evenings, the targeted individual with be the social person who is looking for a place to wind down and enjoy good food, drinks and entertainment. The working individual segment is increasing annually at 9% with 26,585 potential customers. The social individuals have a 8% growth rate with 33, 654 potential people within the segment. The Classic Cup Cafe will be operating within the fast-casual niche of the restaurant industry, competing against fast food and traditional sit down restaurants.

THE NEW LOCATION
The decision to open a new store is planned to occur within 6-12 months of new ownership. The

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