How do I figure projections for a start up business?
I need to come up with 3 year projections for a coffee shop in my area of Ashtabula, Ohio for a bank loan. There are only 2 others in town in none busy areas. Mine will be in the busiest area of town. I have no idea how to project what I will bring in daily. We will sell espresso, flavored coffees, smoothies, muffins, bagels, and a few lunch items. We will be open from 6am to 5pm. Any help would be appreciated.
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You need to visit with your local small business development center to discuss the creation of a business plan. You also need to research your industry to help with information necessary for creation of the business plan . . . it's much more complicated then a simple dollar figure.
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