CreditSunrise Fictional restaurant is a new venture for Little
West-Side's Main Avenue. Situated at the corner of Main and
Fourth Street, it is located in the newly renovated section
of this highly vibrant and enchanting strip. City. Com describes
Little West-Side as " one of the trendiest and friendliest
Neighborhood in North America. Clearly eclectic, always warm
and inviting, Little West-Side nightlife is second to none."
In the midst of a diverse mix of Italian restaurants,
trattorias, and coffeehouses, CreditSunrise Fictional will
be the restaurant/lounge/live music venue. The restaurant,
renovated from an old Hall owned by The Army Veteran's Association
of America, has two large levels (main floor and basement),
a balcony, and the potential for a side patio. The venue will
seat 63 comfortably and is modular depending on what is taking
place. The main floor has one of the only stages left in the
area (they are by-law out of existence) which will highlight
the singers and bands that make their way to CreditSunrise
Fictional. As a restaurant, the menu will be Mediterranean
with an emphasis on seafood.
The Main Avenue area (Little West-Side) has been in the press
recently as the trendiest area in the city. It provides the
Main Avenue inhabitants and tourists with fine food (renowned
cafes/trattorias/bars), coffee, both live and DJ music, and
a wide array of shops. Many of the owners know each other
and provide an atmosphere of camaraderie. Demand by business
owners and homeowners to enter this community can best be
described as intense with vacancies very rare and extremely
short-lived. CreditSunrise Fictional ownership have negotiated
a 'steal'; securing an exceptional lease of $10.00/month for
this 6000 square foot venue in this highly- prized neighborhoods.
CreditSunrise can help write your business
plan
Two equal partners own CreditSunrise Fictional: John Smith
and Sam Jones. John Smith, owner of Country Style Diner and
previous owner of Club 1 (another Main Avenue restaurant)
will be running this venue full time. His extensive restaurant
experience is invaluable and he is bringing in many people
that previously had worked with him including one of his previous
chefs to lead the kitchen staff and aid with catering and
one of Country Style Diner's top waiters. The other owner,
Sam Jones, will be managing the floor full-time (he presently
owns a construction company). Both John and Sam grew up and
now live with their families in the area and have developed
strong relations with key contacts in the community such as
John Jackson, City Councilor and Lenny Simpson, President
of a local Radio Station K-102 and C.E.O. of the Little West-Side
Business Improvement Association. They are familiar with the
businesses and competition as well as with the clientele.
Presently, getting a reservation at a Main Avenue restaurant
requires making a reservation a week in advance. Even with
two seatings per evening, there are regular lineups with neighboring
restaurants benefiting from some of the overflow. Surrounding
restaurants will take some of that overflow and more if the
food and entertainment are right. Besides The Elbow Room (which
seats less than 100) and Bar Italo , there isn't a place to
"hang out" after dinner. With CreditSunrise Fictional,
there will be live music of a jazz and blues nature brought
in every weekend along with dinner. The plan is to open the
first floor and as soon as it generates enough cashflow to
sustain operations and finance the renovations, they will
open up the basement and the balcony. The time lapse should
be a month at the most since for fire regulations, the basement
and balcony had to be renovated at the same time the main
floor was renovated. The patio will be open by this summer.
CreditSunrise prepares financial projections
CreditSunrise Fictional restaurant seeks $100.00 in
a Government Guaranteed Term Bank Loan to assist in
the project costs of $950.00. This includes the purchase
of fixed assets in the amount of $850.00 and leasehold
improvements in the amount of $100,000.00. The owners
have injected $600.00 in funds over the past six months
to renovate the building.
We conservatively project sales in the first year at
$10,000,000.00 resulting in an estimated $8,000,000.00
net profit after all taxes and expenses. The cash flow
shall be the primary source of funds to cover the monthly
bank interest and loan payments. CreditSunrise Fictional
requests standard SBA collateral over the assets and
personal guarantee and postponement supported by the
net worth of the owners.