Detailed Business Plan: Starbucks Franchise in Murray Hill, New York
VerifiedAdded on 2023/06/07
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This document presents a business plan for a Starbucks franchise in the Murray Hill area of New York City, focusing on capitalizing on the proximity to academic institutions. The plan outlines the objectives, factors for success, and mission of the franchise, emphasizing high-quality coffee, snacks, and pastries in an inviting atmosphere. It includes a company overview, detailing startup expenses such as legal fees, promotional costs, insurance, rent, and inventory. Funding is secured through owner investment and bank loans. The plan describes the products offered, analyzes competitors like McDonald's McCafe and Dunkin' Donuts, and presents a financial plan projecting revenue growth and profit margins over three years. The document includes references to Starbucks' official website for supporting information.
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