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1. What does the company do? Sabas Family Market is a full service grocery retail.
How did you come up with the idea? There will always be a need for groceries. People will always eat. There is no immediate competition for my store at the chosen location. There is no grocery store in the immediate 20 miles to the north and east. There is no grocery store in the immediate 6 miles to the south and west. There is no full service grocery store in all of Lauderdale County.
2. How does your company make money and how much can it make? We will primarily make money by selling grocery items at a fair price will full service to our customers. The projected income fro the location is based on a flat formula: $ 5.00 per square foot per week. 56,000 total square feet. 40, 000 retail floor space + 16,000 warehouse and office space= 56,000 total square feet. 40,000 X 5=200,000 X 52 (weeks)=$ 10,400,000.00 (per year).
3. What is unique about your company, and what sets you apart from your competition? We are customer driven. We are here to serve the customer. Without the customer, we cannot survive. Our motto is “People first, mission always”. We provide a one-stop shopping experience for grocery needs, with full service at a fair price. Full service is something that is not found in most grocery stores anymore. There is not a single full service grocer in all of Lauderdale County. We also strive to give back to the community. With this in mind we will contribute an amount equal to 15% of our net profits to the funding of Rainbow Christian Schools. Rainbow Christian Schools is a not for profit, tuition-free school. It is dedicated to raising the bar in providing a top quality education to today’s children.
Furthermore, Sabas Family Market is dedicated to raising the standard of “adequate” employment. We will not make it a practice of hiring part-time minimum wage employees. We realize that the average adult needs and wants full time employment. To this end, we will only hire full time employees. Hiring preference will be given to the following groups of applicants:
1. Veterans regardless of status
2. Welfare recipients
3. Unemployed applicants
4. How much money does your company need and over what period of time? What will the money be used for?
o Phase 1 $ 1,047,000 (Location Acquistion, Site Preparation)
o Phase 2 $ 4,371,347 (Construction Phase)
o Phase 3 $715,000 (Store setting and Grand Opening Phase)
5. Who’s going to run the company?
o David Nolen (Founder)
o Maria Nolen (Co-Founder)
o Reynaldo Lim, CPA (Management Team)
o Christopher Bradley (Business Advisor)
o John Nolen (Management Team)
6. What can go wrong?
o Actual sales could go lower than the projections.
o Chosen location could be sold to another investor before funds are acquired.
o There is of course a possibility of loss due to things such as: Employee theft, and Shoplifting.
o Storm damage and other accidental damage to property and goods.
o Power or equipment failure resulting in spoilage of goods.
o Spoilage due to slow sales resulting in out of date product.
o Competition could see the opportunity and open up in close proximity.
o The supplier could close; this would result in the necessity of searching for a new wholesaler.
o Armed Robbery
o Force of Nature could cause massive area damage and close store for a period of time such as wild fires, hurricanes, tornadoes, flash flooding, ice storm, and snow storms.
o Arson
o Employee strike
o Employee strike at wholesalers
Contact me at the above indicated phone and email. Thanks