Hi friends,
Sergei here with our monthly performance updates! We're including sales from the second location as well, so the revenue is significantly higher now.
The total revenue is approximately $90K. The new location generated approximately $46K, which is higher than we expected. Before opening, we predicted the first-month revenue to be around $30K. Now I realize that estimate was too low since Roncy is a busy area.
The total check at the new location is smaller ($17.4 vs. $18.8 at Roncy). This is because of pastry and coffee sales. Our Roncy store serves as a coffee shop, where people make a lot of small purchases.
Top-selling items at Roncy are Americano, Latte, Brewed Coffee, Cappuccino, and Croissants. This reinforces the point that people may consider SAVA as a coffee shop. In contrast, top items sold at Yonge are Croissants, Latte, Banana Strawberry Nutella crepe, Americano, and Cappuccino.
The most popular crepes are similar for both locations: Ham Egg and Swiss, Creamy Turkey, Power up, Banana Strawberry Nutella.
I think starting from next month, I will be posting our reports in a slightly different format. I will include charts and some historical data. I'll keep you posted.
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