[Homeroast] OT: Help us expand Coffee as Culinary in ClarkCounty Washington

Michael Rasmussen michael at jamhome.us
Sat Oct 4 15:06:13 CDT 2014


50% drop in business and you still met payroll every time?
Phenomenal!


On Fri, Oct 03, 2014 at 10:26:20PM -0700, miKe mcKoffee wrote:
> The goal of course is to be awarded a Grant. Easiest way to really answer
> that is our answers to the 5 essay question application (limit 1000
> character answers)
> 
> 
> 1) Tell us about your business and what makes it unique. Please provide a
> general description of your product, customers, competitive landscape, and
> overall performance.
> 
> From carefully sourcing the green coffee to roasting and tasting each small
> batch to bring out its natural best, Compass Coffee Roasting is all about
> passion. We strive to present coffee as a culinary art, and to showcase our
> passion without pretense. Coffee is much more than just a caffeine delivery
> system, and Compass is much more than it's walls and roof. It is a living
> member of the community.
> 
> Our customers are, hands down, the best. Our customers are our friends,
> treated as family. Young to old, novice to connoisseur, we meet people where
> they're at. We choose to focus on quality, making our syrups, sauces, tea
> blends and pastries in house.
> Despite being one of the newer companies and being located in one of the
> most competitive markets in the country- the Pacific Northwest, in the 2014
> readers' poll, we were voted the Best Coffee by our county's newspaper, The
> Columbian. We've grown over 50% annually since 2012 and we need to expand.
> 
> 2) What inspired you to become an entrepreneur? Describe both your greatest
> achievements and biggest challenges.
> 
> I was a hardworking, loyal employee in the top 1% income bracket. When I was
> laid off and offered an outsourced job I realized it was time to put my
> passion for coffee to work! I've never looked back.
> 
> We opened in 2007, but after the market crashed in 2009 business cut in
> half. I thought 2 years of business was enough foundation. Wrong. Rent went
> late. Utilities late. Ultimately, I even lost my house. It was crushing, one
> of the hardest things I've dealt with, but we never missed a payroll, paid
> our employees on time every cycle. 5 years ago, right as things were
> crashing, Bryan Wray joined my team.
> 
> When it honestly looked like we were done, we dug in. Hard. Bryan and I
> slaved 100+ hour weeks for almost two years, never taking a paycheck for
> ourselves, and it paid off. We are so proud of what we have overcome. Bryan
> is now my business partner. We've gone from no hope to no doubt. The light
> at the end of the tunnel is no longer a freight train, our future is bright!
> 
> 3) How is your business involved with the community you serve? Examples
> include: giving back to the community, sourcing locally, and/or contributing
> to economic development via hiring.
> 
> Community is paramount to us. Our customers and employees are family.
> 
> I've always considered myself the patriarch. Which was one reason my wife
> and I were willing to divert income from her job to keep employees paid and
> the doors open during near impossible times. Yes, we lost our house, but the
> business survived and is strong and growing. Currently we have 7 employees.
> The grant would bring that number to about 20.
> 
> 10% of our 2013 Holiday Blend sales donated to local charity. January we
> were pleased to give the Children's Center a check for $446. We plan to
> support them again this year. Also this year, we were fortunate enough to be
> able to sponsor a free local music fest that had thousands of attendees. You
> can find our employees volunteering in local politics, Farmer's markets,
> tree planting events, brew fests, fashion shows, gallery openings and
> culinary all over the city. Whatever the event, we try to support and get
> involved whenever possible through volunteering.
> 
> 
> 4) What would a $150,000 grant mean to your business and how will you
> utilize the funds? Please be as specific as possible.
> 
> First let me say that while we don't need the grant to survive, the grant
> would be a god send and give us a strong breath of fresh air to grow. We've
> proven we know how to survive, now we want to prove we know how to expand.
> 
> We are currently in the process of opening a much needed, larger, downtown
> Vancouver location. The grant funds would be used for further equipment
> purchases. Ultimately we would like to build an East and/or North County
> location. Our customers have been asking for locations in these areas for
> years. Which location would happen first depends on finding the right
> location(s). Each new location would mean 4 to 5 more employees.
> 
> The funds would be used directly for new coffeehouse location plans, permits
> & build outs, equipment purchases & new employee training. On average we
> spend approximately $1000 per new employee before they are ready to work our
> coffeehouse bar.
> 
> 5) What are your short-term (1-2 years) and long-term growth plans for the
> business? How will this grant contribute to your plan?
> 
> - Finish opening 2nd Downtown location.
> - Open East County location.
> - Open North County location.
> - New equipment for our baking operation at the Roastery to meet continued
> increasing demands. We are currently at capacity and often sell out of
> pastries way too early in the day. We also cannot currently take large
> orders for baked goods.
> - Remodel our roasting location inside and out to become more inviting as a
> coffee house. Currently it is a roastery first, and the coffeehouse is
> somewhat of an add-on.
> 
> New locations and renovations take a lot of money. The average Starbucks
> costs about $250,000 to open! We are very talented at sourcing quality, used
> equipment, when possible and we can perform repairs when needed. This
> usually means less than that much for us. The grant will go a long way
> towards helping us reach our goal of serving all of Metro Clark County!
> 
> Slave to the Bean miKe mcKoffee
> www.CompassCoffeeRoasting.com
> URL to Rosto mods, FrankenFormer, some recipes etc:
> http://www.mckoffee.com/
> 
> Ultimately the quest for Koffee Nirvana is a solitary path. To know I must
> first not know. And in knowing know I know not. Each Personal enlightenment
> found exploring the many divergent foot steps of Those who have gone before.
> 
> Sweet Maria's List - Searchable Archives http://themeyers.org/HomeRoast/
> 
> -----Original Message-----
> From: Homeroast [mailto:homeroast-bounces at lists.sweetmariascoffee.com] On
> Behalf Of Robert Yoder
> Sent: Friday, October 03, 2014 9:02 PM
> To: homeroast at lists.sweetmariascoffee.com
> Subject: Re: [Homeroast] OT: Help us expand Coffee as Culinary in
> ClarkCounty Washington
> 
> Good luck, MiKe,
>  
> Let us know what the goal is and how it goes.
>  
> Happy Roasting,
>  
> robert yoder
>  
> 
> 
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-- 
      Michael Rasmussen, Portland Oregon  
    Be Appropriate && Follow Your Curiosity
The cure for boredom is curiosity. There is no cure for curiosity.
	~  Ellen Parr
	~  http://someoneoncetoldme.com/gallery/16022010



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