LMG Donuts & Co.

Mickey Durham, Luke Dickey, Gage Brust

Six Business Activites

Generating Ideas


LMG Donuts and Co. is a locally owned cafe shop that specializes in donuts. We make fresh donuts every day of the week except for Mondays and also sell other foods and beverages for any time of the day. The companies that specialize in this area are all major chains and are not locally owned and run which gives our market a better name by being locally owned. It was developed with the ancient technique of doughnut making (baking) and trustworthy morning foods and drinks people rely on brought together by multiple owners.

Raising Capital

LMG Donuts and Co. started off with money from each of the partners to pay for a place to set up, ovens and cooking supplies, employees, and advertisements which averaged around 20 thousand dollars. 10 thousand dollars also comes from investors which own 10 percent of the company.

Employee and Training

They should have a background in cooking and social skills, as well as services. Good attitudes will be welcome too. They should also know how to make/cook donuts, or we can teach them if needed.


Buying Goods and Services

We will get all of our machines from belshaw adamatic. And all of our boxes and decorations from CH sugar, except we will hand make our icing and glazing.

Marketing Goods and Services

We will advertise with Newspapers, television, and flyers. We are spending $8,000 on advertising and marketing.

Maintaining Business Records

We will record our information and taxes with Quickbooks.It will cost us $23.97 a month, All of our information will be stored on here including payments and things we purchase.

What type of Business are We?

LMG Donuts & Co. is a corporation because we have sold 10% of our company to stock owners. Advantages for using a corporation is that the liability of any owner is limited to the amount of money invested and the business can be expanded with ownership easily changed with stock. Disadvantages are more records are required and more laws to follow.

Our Business Goals

  1. Start to earn profits after 3 1/2 months.

  2. Become recognized in the Illinois times paper as a great place to go for coffee and donuts.

  3. Have about 75% of our customers returning customers by the end of the year.

  4. Have at least 10 experienced employees working ie: bakers and servers

  5. Buy locally for supplies all year ie: dough for donuts

Mission Statement

Our goal is to deliver, you the people, the freshest and tastiest donuts and coffee you will ever have.

Come On in We're Open!

Hours:

Monday 6:00 AM to 4:00PM

Tuesdays-Fridays- 6:00 AM to 3:00PM

Saturdays- 7:00AM to 2:00PM

Closed Sundays

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