Cafes Seeking Loan

Conservatively, we forecast an average of 300 customers per day during the first year with an average guest check expenditure for all items at USD 4.10. This figure was arrived at by surveying the customer traffic at the nearest competing coffeehouses which have a range of 150 – 500 customers per day and an average customer expenditure of USD 4.10. We have estimated its customer expenditure to be slightly higher (2.5%) due to the premium price we will charge for some of our items. The total cost of sales is approximately 25%. The company expects growth to occur across all categories at about 10% annually as the business becomes more established and well-known, reaching 400+ customers per day within a year and more than 500+ within three years. These estimates are likely conservative. However, it is possible we could attain a 1,000-per-day customer count within five years. First fiscal year gross revenues are expected to exceed USD 600,000 and after-tax net profits of approximately USD 99,000—increasing to more than USD 260,000 by the third fiscal year-end.