Preview

Mystic Monk Coffee

Satisfactory Essays
Open Document
Open Document
415 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mystic Monk Coffee
Mystic Monk Coffee

Father Daniel Mary has established future direction as growth for the Carmelite Monks. Father Daniels specific measure of growth will require the monastery to purchase 500 acres of land that is nearby for 8.9 million. This direction will allow the vision for the monastery to become a reality. The monastery will be able to be home to 30 monks instead of the current 13 monks that live at their current facility. Additionally the Carmelite monks will be able to have a Gothic Church, convent for nuns, and retreat center for lay visitors in addition to hermitage. The Carmelite Monks of Wyoming mission is to increase their current revenue from Mystic monk’s coffee by utilizing one of the largest networks platforms “the catholic church” to sell their goods. To accomplish this; the monks will need to purchase a roaster at the cost of $35,000 to increase their production capability.
Father Daniel Mary has not set definite objectives and performance targets for achieving his vision. However, Father Daniel is putting measures in place such as purchasing the new roaster machine to increase is daily production capacity from 540 pounds per day to 130 pounds per hour, which will increase total daily capacity by 240 pounds. Father Prior’s strategy for achieving his vision is a combination of profits from Mystic Monk Coffee and donations from supporters of the monastery.
Mystic Monk Coffee’s strategy is currently not a money-maker; however the potential is there for Mystic Monk to become a money-maker. The MMCs current business model includes purchasing organic coffee beans from a broker based out of Seattle, Washington, which a premium price is associated with the beans daily fluctuation in price based on global supply and demand. The monks of the monastery then roast the beans, which they a lot 6 hours a day to perform this activity. The sales platform is mostly done via Mystic Monks Coffee website in addition to selling at local churches

You May Also Find These Documents Helpful

  • Powerful Essays

    As father daniel mary, the prior of the carmelite order monk in clark, wyoming. His vision of transforming the small brotherhood of 13 monks living in the small home used as makeshift rectory in to 500 acre monastery that would include accommodations for 30 monks, a gothic church, a convent for carmelite nuns, a retreat center for lay visitors, a hermitage presented a formidable challenge. However, as a former high school football player, boxer, bull rider, and a man of great faith, father prior daniel mary was accustomed to shrinking from a challenge.…

    • 1329 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    In the case of Mystic Monks there are numerous financial decisions that need to be made for the company. Father Daniel Mary wants to move the monks of the Carmelite order into the Rocky Mountains. Looking at purchasing the Irma Lake Ranch in the mountains for $8.9 million Father Daniel Mary needs to maximize opportunities to fund the purchase. Father Daniel Mary understands that coffee sales alone will not be able to fund the purchase by itself. The purpose of paper is to make recommendations for Father Daniel Mary and Mystic Monks Coffee that will allow them to purchase the $8.9 million dollar ranch.…

    • 207 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    PROJECT CHARTER WEEK 2

    • 1804 Words
    • 7 Pages

    To establish and secure a leading Coffee Shop including store made pastries and all varieties of coffee blends from around the Globe. Our company will be based out of NYC and will become a lifestyle to the neighboring streets in downtown. Java Supreme and its employees are determined to become a daily necessity for local coffee drinkers. It will be a place to socialize as you try to escape the daily stresses of activities during the day and just a comfortable place to converse with locals or friends. Java Supreme will capitalize on its locality to the downtown district near the Freedom Tower. Our culture will offer its customers the best prepared coffee in the area that will be complimented with store baked goods. Java Supreme will operate in a small environment of around 1200 square feet and within walking and commuting distance to work and local shops. The owners will be comprised of six graduating based college students that have business degrees. They will try and secure a location through a three -five-year lease with an option for extending and buying. They have also provided $150,000 of the required $200,000 start-up funds. The remaining capital will be obtained through local loans. Java Supreme is expected to grow sales revenue from $300,000 in FY2015 to $400,000 in year three. As our coffee house begins to strive to maintain a high level of service we also will be offering Wi-Fi for our customers at no charge. Java Supreme will make its best effort to create a unique place to socialize and revitalize the local community while enjoying coffees from around the world. We will become a leading business that people will remember that provides customer service, and products of consistently high quality. We at Java Supreme will invest its profits to increase the employee satisfaction while providing stable return to its owners.…

    • 1804 Words
    • 7 Pages
    Good Essays
  • Better Essays

    To Build or Buy

    • 1804 Words
    • 8 Pages

    Java Culture, a coffee shop that serves the Oregon area of the United States, offers best tasting coffee beverages. The coffee shop makes use of high quality ingredients that are prepared under very strict guidelines. There are a number of business concepts that can be charted to be able to directly compete with the business; Java Culture. First, the business should offer premium quality coffee that is imported from the premium cocoa growing countries such as Brazil. The preparation process should follow the most pristine quality preparation guidelines thus ensuring that the products of firm are of very high quality and thus serve the purpose of the premium quality offering (Longenecker, Petty & Palich, 2012). Rather than focus on a few products as Java Culture currently does, there should be a focus on the provision of a wide variety of products for instance brewed teas, espresso drinks and other refreshment beverages which will be sold at the coffee bar of the firm. The firm can also add more products for instance sandwiches, pastries for the clients as well as small salads (Ferrell & Hartline, 2011). Coffee beans and preparation information will also be offered to the gourmet customers who usually prefer to make their coffee in the comfort of their homes. The variety of the offering will act to attract more customers to the firm thus they will be able to significantly capture a great deal of market share from the various competitors of the firm.…

    • 1804 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    Forster Market

    • 278 Words
    • 2 Pages

    1. There are two capacity options that Robbie needs to consider. One is buying coffee from a local supplier for $3 per pound and then sells it for $7 per pound. The other is buying a large industrial size coffee roaster that cab roast up to 40,000 pounds per year. By roasting the coffee himself, Robbie will be able to cut his coffee costs down to 1.60 a pound. The drawback is that the roaster is that the coffee roaster will be quite expensive fixed costs (including the lease power training and additional labor) will run about 35,000 a year.…

    • 278 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    He found a 496-acre ranch that would satisfy all the requirements to create a new Mount Carmel. The listing price of the Irma Lake Ranch is $8.9 million and presented an obstacle to creating a place of prayer, worship, and solitude in the Rocky Mountains. The Monastery already had a donation of $250,000 and had sales of $75,000 in its first year of Mystic Monk operations. With an option to upgrade their current coffee-roaster for $35,000, they would be able to produce 130 pounds-per-hour instead of only 540 pounds-per-day. With their Mystic Monk Coffee Affiliate Program, which advertises through banner…

    • 539 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mystic Monk Coffee Case

    • 865 Words
    • 4 Pages

    Production of Mystic Monk coffee didn’t generate the kind of cash flows to pay for the Irma Lake ranch. Father Daniel Mary has set definite objectives and performance targets for achieving his vision. Objective 1: Increase the production of coffee. Coffee sales were a means of support from outside world to finance the purchase of the land. Demand for Mystic Monk Coffee exceeded the capacity of a roaster and the monastery had planned to invest in a larger roaster. Performance target: Buying a new roaster that would allow the production of a coffee to increase from 540 pounds per day to 780 (6 hours of work X 130 pounds per hour = 780).Objective 2: Better distribution of a product. Mystic Monk Coffee was primarily sold online with an exception of…

    • 865 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Kraft Case

    • 803 Words
    • 4 Pages

    Option 2: Mr. Herzog could use the budgeted money and launch a marketing campaign to potentially grow the single serve coffee pod…

    • 803 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Green Mountain Coffee

    • 1338 Words
    • 6 Pages

    Green Mountain Coffee Roasters (GMCR) started as a small café in Waitsfield, Vermont in the year of 1981. It was in 1993 that the company went public and acquired the early phase of Keurig Incorporated Inc, and then completed the acquisition in 2006. (Unknown.( 2004). Gmcr.Retrieved from http://www.gmcr.com/about-GMCR.html) Once these two companies combined it made the way we drink beverages different than ever before in both the home and office. According to GMCR’s website “Today, GMCR is recognized as a leader in specialty coffee and coffee makers, and acknowledged for its award-winning coffees, innovative brewing technology, and environmentally and socially responsible business practices.” ((Unknown.( 2004). Gmcr.Retrieved from http://www.gmcr.com/about-GMCR.html)…

    • 1338 Words
    • 6 Pages
    Better Essays
  • Best Essays

    their roles in the coffee industry. Recommendations are made as to how coffee communities can…

    • 3620 Words
    • 21 Pages
    Best Essays
  • Satisfactory Essays

    Coffee in World History

    • 430 Words
    • 2 Pages

    Doc 6 - Demonstrates how demand for coffee gets in the way of other agricultural necessities…

    • 430 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Mgt/230 Week 3

    • 867 Words
    • 4 Pages

    Grant, L. (2005). Capitalizing on coffee. Smart Business Los Angeles, 1(5), 8-8. Retrieved from http://search.proquest.com/docview/203175672?accountid=35812…

    • 867 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Mystic Monks

    • 1035 Words
    • 5 Pages

    Evaluating the plans and strategies of the Mystic Monks Coffee in accordance with six key questions, I have provided answers based on the evaluation of each question.…

    • 1035 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Coffee And Religion Essay

    • 1536 Words
    • 7 Pages

    ChristianityToday.com, a website to encourage Christian thought and provide commentary for cultural and theological issues, offers the perspective of Christian believers today. In his online article, “Coffee: The Beverage That Fuels the Church”, Martyn Wendell Jones argues for the significance of coffee in modern Christian churches. A large aspect of the Christian faith involves community. Consistent community allows Christians to grow closer to God.11 Jones describes coffee as “a comfort blanket” for the congregation. It provides a way for the Christian church community to interact with one another instead of creating uncomfortable situations. The author asserts that churches recently increased the amount of coffee sold…

    • 1536 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Mystic Monks Coffee Memo

    • 1639 Words
    • 7 Pages

    The Carmelite Monks of Wyoming are interested in expanding their current monastery through the purchase of an $8.9 million ranch to accommodate more monks and provide a larger place to worship the Lord. The monks are planning to earn money for this 500- acre ranch through fund raising, donations and through sales that are generated by their Mystic Monks Coffee Company. Mystic Monks Coffee sells premium roasted coffee beans to the general Catholic denomination through a website that is operated by the Carmelite Monks. This web based company generates a low net profit of $6,160 each month and is in need of a stronger strategy to raise profits and ensure the purchase of the $8.9 million ranch in an adequate amount of time. Father Daniel Mary, the Prior of the Carmelite Monks, is using a differentiated feature strategy in hopes to raise enough money to execute their vision of a larger monastery.…

    • 1639 Words
    • 7 Pages
    Good Essays