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The document discusses plans to open a coffee shop in downtown Toronto near the financial district. The location was chosen due to the high volume of foot traffic from thousands of people passing by each day on their way to nearby office buildings. The owners want to focus on high quality coffee and good customer service to differentiate themselves from larger franchises. An initial investment of $151,248 is estimated to cover startup costs.
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It would also aid your application if you were to provide a brief summary of the type of clients that you can introduce.
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Our team can speak several languages and will be pleased to assist you.
About IBX: Indonesia Business Exchange (IBX), PT IBX Daya Nusantara, a joint venture of BXI Capital and Patria Pacific Group (Patria Holding), is a Consultant and Business Dealer (or Intermediary; Broker) service company that buys and sells business and companies for its clients, facilitates projects, improves utilization, and asset liquidity strategies, as well as suppliers and trades various products. We are connected to the ecosystem and global operating network for business expansion, investment, and cross-industry transactions. IBX is also trusted as a strategic partner for access to private capital fund facilities, and market entry strategies in Indonesia.
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2012 accounting isp
- 1. * By Martin Kordos and Mate Kiss
- 2. * Investigating existing business * We decided to choose a Starbucks competitor located in Downtown Toronto. * Building is leased , steps away from the financial district.
- 3. * * Owner chose this location due to the high volume of foot traffic in the area. Thousands of people pass by each and every single day due to the close proximity to the countless number of office buildings in the area. * Many people like to grab their morning coffee before coming into the office.
- 5. * * Main aspect of a small business in which they can do much better then larger franchises without spending too much money * Positive customer relations build a first class reputation for our business * Without customers there is no business ; therefore everything and anything a customer suggests must be taken into consideration
- 6. * Holding draws for gift cards. Sponsoring charity events. Mainly relying on word of mouth marketing from our satisfied customers.
- 7. * How is your coffee shop different from all the other ones? Simply put we have pride in our product. We strive to have only the highest quality coffee and we take great interest in our customers feedback. What made you decide to start a coffee shop? Well our family wanted to own some sort of family business for a very long time. Once we found the location it was a rather smooth process.
- 8. * * Sales of $1.02 million * Gross Proft Margin 82.75% recording a Net Profit of $265,975 for the 2011 fiscal year * Current ratio is 14.08:1 * Total Debt to Total Assets 6.45% * Inventory turnover of 10.05 times * Debt to Net Worth of 0.07
- 9. * * Equal to approx $151,248 * This includes equipment , inventory , legal fees accounting fees , insurance , city permits ,lease and marketing. * $55,000 bank loan needed for our startup
- 10. * * We have chosen this location because according to research 57% of visitors to the Yonge district have the express purpose of shopping and the mean spending is over $100/person on average * About 41,000 office workers come into Downtown Yonge everyday for work , with retail potential estimated at $265 million a year , along with 115,000 students in the district with retail potential estimated at $308 million a year