CitYzen of the world

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CitYzen of The World
of Marie Noelle Djigo

Sector: Restaurant
Country: Greece
Year of business registration: to be registered
State of advancement:

The entepreneur has identified the idea and she is searching for the location in Athens, Greece. He has knowledge of the relevant market and the difficulties to be faced.

Business Idea

The entepreneur wants to create an african restaurant with live music events. The restaurant will have 30 seats. Dinner style tables will be surrounded by wooden chairs with comfortable seating cushions offering family style food and service. Frequent live African music events will support a differentiation strategy that will provide unique, or hard to find choices to Athens citizens.

Purpose of the investments

The funds are intended to buy equipment and furniture for restaurant.

Financial needs

Euro 40.000

Progress of the investments

The entrepreneur is looking for financial assistance.

Organization

The entepreneur will work with the waiters and cookers as a team, welcoming the guests coming. A cleaner and a barista will be hired too. Music events will be performed by Local Afican music bands.

Business Indicators

It is expected to reach sales around Euro 170,000 the first year with a constant increase the following years with around 11,600 meals yearly. For the first 3 years 5 people staff will be sufficient to manage the business reaching 7 people at the 5th year.

Business Partner

No specific key partners are needed for the implementation of the business. Collaboration with several local Afican music bands will be required.

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