Cafe Business Plan: Startup Near River Thames, London - Detailed Plan
VerifiedAdded on 2023/06/15
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AI Summary
This report presents a business plan for a new cafe startup located near the River Thames in London. The cafe aims to provide a friendly and comfortable atmosphere with high-quality food, service, and entertainment at reasonable prices, targeting young adults, professionals, couples, and students. The business plan covers market segmentation, budgeting (ranging from £20,000 to £100,000), operational plans including the use of a management app, and customer engagement strategies such as offering free coffee. Financial planning emphasizes the maintenance of balance sheets, income statements, and cash flow statements using an accounting app. The choice of a cafe business is driven by the popularity of cafe culture in the UK and the desire to create a relaxing space for young people. The plan highlights the importance of market analysis, identifying potential customers, and developing growth strategies to ensure the cafe's success and revenue growth.
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