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Craig Piguet, currently residing in Ufa, Russia, is President of ABE and Chat House. He has several years’ experience in the business world as well as several years’ experience working in Russia. Craig would personally direct the implementation of this plan and the startup of the coffee house.
Read More »Jim Anderson of Maple Valley, WA is Secretary of ABE. He has many years experience in management and business, and oversees the legal aspects of the company, overseeing fiduciary obligations to investors and making sure we are in compliance with government regulations.
Read More »Larry Rink of Overland Park, KS is Treasurer of ABE. He has many years experience in banking and finance, and is responsible for the handling of ABE finances, involving reporting to the IRS, sending out dividends to investors, depositing investments, wire or other international transfers, etc.
Read More »We are negotiating an agreement with GreenHouse Coffee to form a consulting agreement similar to a franchise, that would allow them to share their expertise to ensure a successful coffee shop with premium quality coffee.
Read More »Coffee Shop startups in the US typically cost from $150,000 to $500,000. Our estimate falls somewhere in the middle of this range. Rent cost in Ufa is significantly higher than in major US cities, and equipment would cost more to import here than it would to purchase in the US, and more legal red tape is needed to register a business here. The other startup costs would be roughly similar to what they would be in the US. The average cost to open a coffee shop in Russia is $270,000, which lines up with our estimate here (with an additional $50,000 in consulting, professional fees to set up the investment company, and travel & training expenses). Included in seed money expenses here are: registration & professional fees, travel expenses, training, and office expenses. Included in start-up expenses are advertising costs and rent & overhead costs during renovation. Included in assets here are contingencies for expected net losses during the first year, initial inventory, coffee & other equipment, and renovation & furnishings for the Chat House retail space. For more details on each line, follow the endnote references in roman numerals after each item. Seed Money Expenses Business Registration, Lawyer, Accountant Fees $14,000 Investment Solicitation Travel Expenses $8,000 Business & Barista & Roasting Workshop $3,000 Office Equipment & Books & Website $5,000 Total Seed Money $30,000 Start-up Expenses Consulting Fees for Training, Proceedure Manuals, Etc. $20,000 Rent and Overhead During Renovation & Startup $25,000 Initial Advertising and Grand Opening $25,000 Total Start-up Expenses $70,000 Start-up Assets Cash Assets for Expected First Year Losses and Contingency for Unexpected Delays $45,000 Other Current Assets (Initial Raw Supplies & Inventory) $11,000 Coffee Roaster & Installation $30,000 Coffee Machines, POS System, Other Equipment $44,000 Leasehold Improvements & Wall Furnishings $60,000 Furniture & Cabinetry $30,000 Total Long-term Assets $164,000 Total Assets $220,000 Total Requirements...
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