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Adelaide learned from her mistakes and turned her business into a success
I would not have had the confidence or knowledge to start again without the invaluable help and support given me by Jennie and all at BBV Adelaide Tatchemo
Adelaide Tatchemo opened a similar business in Bolton 2012, but due to poor decision making and patchy financial record keeping she had to close in 2014.
“I grew up in a business minded family. My mother owned her own restaurant. I was self-employed in France where I sold perfumes and put on events for customers at weekends, so I had experience in sales and hospitality. I came to the UK to improve my English and in 2012 I decided to take on the lease on the property in Bradshawgate in Bolton, intending to run it as a club and restaurant.” said Adelaide. “However, I went into this without really understanding what I was doing and had to close it in September 2014.
When her landlord advised that he wanted Adelaide to stay in the premises, she contacted BBV. With the support of her business adviser, Jennie Morgan, Adelaide was able to develop a new business plan and cash flow forecast and opened a new business in July 2015.
Adelaide is a creative person, full of ideas. Her biggest challenge was to understand why the previous business failed and to ensure that an effective structure was put in place so that the new business would be successful. The appointment of a part-time book keeper and reliable accountant (with Jennie’s help) has enabled her to concentrate her skills on the food and entertainment.
“I learnt the lessons of not planning effectively and am now much wiser and have greater knowledge of how I must proceed.” said Adelaide.
Since opening in July 2015, Adelaide has established her place in the restaurant and entertainment sector in Bolton. Her Afro-Caribbean food attracts a wide ranging clientele and increasingly special events are being booked for 2016. The restaurant open from from lunchtime into the evening every day except Monday and serves Afro-Caribbean food with entertainment at weekends. “Customers can eat, drink and dance in a relaxed atmosphere.” says Adelaide.
.With excellent financial reporting in place, Adelaide can now plan increases in staffing in 2016, including employing 2 apprentices. She is also in the process of planning improved kitchen and storage facilities, all of which will be paid out of her profitable cash flow. The new facilities will allow her to implement the growth plans for the future.
Adelaide received business support through BBV under the Start & Grow programme. She benefited from 1 training day and 30 hours of business support. £5,000 was invested into the business and 2 jobs have been created.