Increase beverage inventory for Drinking Spot business

Entrepreneur

About Me

My name is Isaac onomah from akumfi otuam.am born to à family of seven children and am thé fifth child and thé fourth son.I lost my daddy at thé age of seven and grew up with my mother as a single parenting with my other siblings.i came from à weak family of less wealthy and not Well connected.Life has not been very smooth whilst growing but with hardwork and détermination i am gradually moving away from extrême poverty and making some progress as a result of my personal entreprenueral activities.after quite à long period of work as a fuel pump attendant at a fuel filling station i Had the opportunity to be recruited into the Ghana armed forces and now a young military man.i have been able to establish à drinking spot with thé savings i have made after graduation and retail alcoholic and non alcoholic beverages.my wife manages the shop with a junior Brother of mine during the day along side her seamstress business.i take over the shop at exactly 15:00GMT every day because i close from the office at 13:30GMT. i sell drinks such as castle milk stout,alomo bitters,guiness,minerals or soft drinks etc.Am managing my own business.thé business is growing at a very Good space.
I Live in a heterogeneous environment Where different cultures have taken over the society.some of the tribes in my society includes akans,ewes,Ga's,northerners and many more.
i Am married to mrs Agnes onomah with One baby Boy.my wife is a seamstress and operate the business with me on weekends and late hours during the day.My son's name is Isaac onomah jnr,he is just two years old and i want him to be a legal practitioner in Future because that was my dream but financial deprivation during my time killed It.i there has promised to work so hard to push him through to be at Where i aimed to be.
My Hobby has always been playing or watching english Premier leagues.Every week in the football season i watch live the Barclays english premier League at thé spot with custmers who also love football just as i do.It a moment that i make higher sales because there are always a bunch of customers present to watch and buy assorted drinks and beer.A recent memorable past experience was at thé beach side Where i Had fun with my childhood growing friends.it was indeed a memorable day because i had opportunity to meet old childhood friends and comrades.i really had fun and wished that moment Never went away.

My Business

The name of my Business is Coolie Coolie Drinking Spot.i started this in 2012 after i have quit my fuel Station Job as a pump attendant.I started my own business because i had the in mind to Start my personal Business and be my own Boss.i retail or sells beer and soft drinks such as Club beer,Castle milk stout,Malta guiness,fanta,Coca Cola and more.
i decided to enter into this Business because after my feasibility study i realized there was no Drinking Spot in my neighbourhood and the only close One was not in Good state to win middle class people and that Made me polish my Drinking spot,gave It a memorable name,i also bought two fridges to help me keep my drinks chilled all the Time because my only close competitor Had no fridge to keep his drinks cold.my target market was the average and middle class in my environment and Else where, hence my stride to Run a neat and appealing Drinking spot.i chose this Business because i see It as a fast movable consumer bloss (FMCG).i have the Plan or dream to be a wholesaler for soft drinks and beer in the very near future.
My typical cost and revenue Can be broken down as follows;averagely in a Week i purchase and sell 10 crates of bottle minerals ,30 crates of beer ,8 crates of canned minerals and miscellaneous.All crates combined averagely cost $700(GHS 2,240) minus average weekly sales of $850 (GHS 2,720).selling price ($700)_cost price $850=$150 minus coveyance fee and electricity bull of $12 and $10 respectively.weekly profit is averagely $120.profit distribution as follows;40% for house keeping,50% into warehouse project and remaining 10% for inventory.however if my main is approved and disbursed i will use 18% of the weekly money i invest into the warehouse project to repay back my loan on time to record high credit rating.
thank you.looking forward to hearing from you soon.

Loan Proposal

When my loan application is funded i will use all the $100 for inventory for my Drinking Spot business because my sales forcast for the next three months is higher because Champions league resumes today and English Premier League is also on-going and more existing and potential customers as usual will be present at my shop to view various matches from the league and this is the time they buy more drinks and relax to watch on-going matches.
I will use my $100 loan to increase my beer stock by 8 crates at $10 per crate (12 bottles) on the average and also increase my soft drinks stock by 3 crates at $11 per crate to enable me meet the demand from customers within this league season.
I Believe the loan will help me satisfy my customers needs and continue to build my customers loyalty to my business.
My profit projection after my sales forcast i believe will increase by 30-35% if my loan application is considered.

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