Tim's Coffee Shop

Topics: Balance sheet, Generally Accepted Accounting Principles, Liability Pages: 6 (1833 words) Published: April 24, 2013
Executive Summary
Tim’s Coffee Shoppe set up outside looks very appealing for customers to go inside and have a cup of coffee. When looking at the inside the atmosphere looks appealing for customers. The business is also open every day from 6am to 2am with a bus stop close to the business so it is easier to get too when not having a vehicle. Notice that the restaurant is located next to the college. With having a coffee shop next to a college this will mostly attract more college students and also with having live entertainment this should get more customers to come in. With the live entertainment I noticed that there is no time schedule to when the live entertainment is going to be at the restaurant it just states that the live entertainment will be there most afternoons and evenings. The restaurant has a buy ten get one for free, this is a good way to get the customers to come inside and buy some coffee and listen to the live entertainment. Tim’s Coffee Shoppe is a location that people can go, enjoy the live entertainment, drink a good cup of coffee, and visit with their friends. The shop orders in fresh Jenna’s Bakery products daily so that the customers will get fresh products with their order. Tim’s Coffee Shoppe comes with employees that know what they are doing and also love to work there. Even though for some of the problems the coffee shop would be a good investment due to the revenue that comes in and that the employees are good to the customers. Regulations

With the regulations the bulletin board in the break room needs to be cleared off so the employees can see what laws that needs to be met by working at this coffee shop. I did notice that the bulletin board needs to have something that states the Illinois employment laws. Some of the Illinois laws are to have the minimum wage posted and also should have the legal holidays. The legal holidays for Illinois is as follows: New Year's Day; Martin Luther King, Jr.'s Birthday; President's Day; Lincoln's Birthday; Casimir Pulaski's Birthday; Good Friday; Memorial Day; Independence Day; Labor Day; Columbus Day; Veterans Day; Thanksgiving; Christmas. Reference

Illinois Legal Holidays Laws. (2012). Retrieved from: www.law.findlaw.com

This is the minimum wage rates for Illinois:
Illinois Minimum Wage Rates
ILLINOIS| Future Effective Date| Basic Minimum Rate (per hour)| Premium Pay After Designated Hours 2| | | | Daily| Weekly|
(Applicable to employers of 4 or more employees, excluding family members)|   07/01/2009
07/01/2010| $7.75
$8.25| | 40|
State minimum wage laws. (2009, January 1). Retrieved from: www.employment.findlaw.com Every business or corporation is required to inform employees of their rights under the National Labor Relations Act (NLRA), the primary law governing relations between unions and employers in the private sector. This shows their rights that fall under NLRA to organize and bargain with their employers and to involve in other protected activity. Reference

Office of Labor-Management Standards (OLMS). (2010, September 10). United States Department of Labor. Retrieved from: www. dol.gov Also on the bulletin board there is the fifteen passed inspection slips which shows how the restaurant is doing for the inspections, but the owner/manager could take down the slips and put them away after a couple of weeks of having the slip up there. The employees could keep a tally like they have already but maybe bigger if they would want. Also with the break room I have noticed that the broken down boxes are sitting next to a conventional oven and dorm refrigerator. This to me is a violation for the fire code that should be followed. Throughout the restaurant there are smoke detectors and fire extinguishers, but I did notice that there is no sprinkler system usually this is required for a business. Also in the storage room I did notice that there is some coffee cups and coffee with the cleaning supplies....
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