Inspirational Grounds will provide a relaxing, Christian-focused, neighborhood-centered place with freshly roasted coffee, specialty drinks, good books, and music. There is a rising demand for Inspirational Grounds. Our target market wants:
- South Central Minneapolis neighborhood businesses
- A great coffee at an affordable price
- An area to relax and socialize with people who have similar interests
Inspirational Grounds’ goal is to provide a welcoming environment where Christian neighbors can interact in a non-denominational, social setting.
Inspirational Grounds can be incorporated as an S Corporation. This will protect the owner’s personal liability and double taxation.
This proposal has been prepared for financing in the amount $80,000. The supplemental financing is required to prepare the selected site, purchase equipment, and cover expenses during the first year of operation. The owner will put $15,000 of her own money into the business.
Inspirational Grounds can now successfully open and manage its operations with the help of this financing. Inspirational Grounds will be able to offer its customers a welcoming atmosphere and high quality products thanks to the large capital investment. A unique, upscale and innovative environment is required to provide customers with an atmosphere that will create socialization. Successful operation in year one will provide Inspirational Grounds with a customer base that will allow it to be self sufficient in year two.
Even with our conservative sales forecasts, we expect to maintain positive cash flow throughout the year, repay the loan within 12 years, and have a net worth of over $27,000 by year 3. In the next three years, our net profits should increase from $12,000 to $14,000.
1.1 Objectives
The three-year goals for Inspirational grounds’#8217 are:
- Inspirational Grounds will be different from other coffee shops by creating a unique, innovative, and luxurious spiritual environment.
- Inspirational Grounds will be the place to go for high quality coffee in an inviting atmosphere.
- The formation of an environment that will bring people with diverse backgrounds and interests together in a common forum.
- To be an active member of the community and provide continuous re-investment via participation in community activities as well as financial contributions.
- We are known for providing outstanding specialty beverages, bakery products and inspirational books.
1.2 Keys to Success
These are the keys to success at Inspirational Grounds
- Inspirational Grounds is aiming to create a unique, innovative, and elegant atmosphere that will distinguish it from other local coffee shops.
- Fresh Coffee roasted on-site daily will give customers a unique experience as well as excellent product.
- Selling beverages and products that are of the highest quality.
- The creation and maintenance of an environment that is friendly to spiritual seekers. Inspirational Grounds can be used as an educational resource to help people learn more about spiritual growth.
- Inspirational Grounds was founded as a community centre for entertainment and socialization.
- Encourage love and service, which are the most important Christian values.
1.3 Mission
As people are becoming more interested in their spiritual side, a neighborhood shop with excellent freshly roasted coffee and non-denominational Christian books and tapes, is a welcomed alternative and/or addition to the local church. Inspirational Grounds is a specialty coffee shop that specializes in coffee/espresso drinks, and provides information to help customers improve their spiritual experience. We understand that coffee drinkers who are looking to grow spiritually need a destination.
Our vision is for Christian coffee drinkers to find a nonsecular place in the Twin Cities. Inspirational Grounds offers a unique environment that is upscale, educational and motivating, and which inspires people of all ages.
We believe it important to be active in the community.