EXECUTIVE SUMMARY
STREAT AXIS Teaching immigrants & refugees
to fish so they can eat for a lifetime.
WHO WE ARE STREAT Axis is a social venture that is first and foremost a commercial space that offers an innovative, hip, vibrant hub for millennials interested in multi-cultural art, music and late night events. The commercial success of STREAT Axis will enable our social mission of integrating into our business a food entrepreneurship and empowerment development or (FEED) program for recent immigrants and refugees. It is a community gathering space where cross-cultural connections are made.
THE OPPORTUNITY Chicago, the Second City, is filled with a bustling food and entertainment scene with thousands of restaurants and bars. We at STREAT Axis realize that. We believe that our commercial venture rises above what other spaces offer in Chicago. This new multi-use, multi-functional entertainment space would be the first in Chicago, but definitely not the first in the U.S. Innovative cities like Los Angeles, Seattle, and Washington D.C. where immigrant and artistic
populations thrive, offer similar creative commercial spaces. Take Bus Boy & Poets for example, a creative, multi-use commercial space in our nation’s capital has become not only a vibrant gathering space, but also a successful one. They started at one location, and have now expanded to four. One of the key components from their success lies what they’re offering, and to whom. Their main target market are young millennials, 21-36 years old, whom according
to the Washington Post in 2013, stated that “For millennials, food isn’t just food, It’s community”. In line with this thought, the National Restaurant Association reported that Millennials seek a unique experience, customization, and authenticity. They like to explore and discover new flavors and products.” We believe that our unique model both commercially, and socially, will draw the interest of the close to 500k millennials that live in Chicago.
OUR UNIQUE MODEL What makes our model unique is that profits from our commercial space -restaurant/bar and catering earnings -and rental fees for work-space and events will fund our Food Entrepreneurship Empowerment & Development (FEED) program to empower immigrants and refugees through advancement of skills and knowledge in the food/service industry. The FEED Program consists of (1) Food Handling Permit trainings (2) Commercial Kitchen Basics (3) Apprenticeship Program.
MENU PRICING: INTERNATIONAL FOOD, COFFEE, ALCOHOL PROFITS WILL FUND
BUSINESS GROWTH & PROFIT
FEES FOR RENTAL SPACE (WORK ROOMS & EVENTS)
FOOD ENTREPRENEURSHIP EMPOWERMENT & DEVELOPMENT PROGRAM (FEED)
Food Handling Permit Training Sessions
Commercial Kitchen Basics Skills Training
PROFITS WILL FUND
Apprenticeship Program
FUNDING/FINANCIALS
STARTUP COSTS
Business Revenue
Business COGS __
Subsidies
Business Expenses =
MissionRelated COGS
Net profit without social $
Gross Profit
Alireza Karduni
__
+
= MissionRelated Expenses
Net profit with social $
Social Benefit
Lease (1 year)
$125,000
Rehab (interior/exterior)
$118,500
Bar/Kitchen Equipment
$125,000
Bar/Dining Funiture & Design
$32,500
Organizational/Development
$34,500
Pre-Opening Expenses
$110,000
TOTAL
$545,500
OUR TEAM
Christopher Quy-Hac Tran, MUPP
Alireza Karduni, MUPP CONTACT: christopher.qh.tran@gmail.com