MONTICELLO —Live music can often be heard during lunch hours on the town square coming from the front of a booming new restaurant and gourmet coffee shop. People are flocking in by the dozens to enjoy a signature sandwich and some freshly made fudge. Seven months ago this was the vision of Steve Davis of Monticello.
Steve contacted the Arkansas Small Business and Technology Development Center at the University of Arkansas at Monticello for assistance. He wanted to open a coffee shop on the newly renovated square in downtown Monticello. Davis just wasn’t sure how to go about it. Davis wanted to help the downtown area continue to grow and felt that opening a coffee shop/restaurant could be his contribution. ASBTDC staff worked with Davis to develop a business plan and financial projections. After reviewing all the data with ASBTDC, he determined that opening the shop could be a profitable venture. ASBTDC Director Lindsay Henry worked with Davis to develop a loan proposal to obtain financing for the purchase of the business. He received financing through the Monticello Economic Development Commission and Union Bank of Monticello and opened The Square Cup in April.
“Working with Lindsay has been great,” said Davis. “The Small Business and Technology Development Center was able to complete things and give me more information than I could have ever imagined.”
The Square Cup offers gourmet coffees, fudge, and signature sandwiches. They are currently open from 10 a.m. to 6 p.m. Monday through Friday and 10 a.m. to 3 p.m. on Saturday. These hours will extend in correlation with their offerings resulting in hours of operation of 6:30 a.m. to 9 p.m. Karaoke and other entertainment will become a regularly scheduled evening event in the near future.
ASBTDC provides free consulting and market research services plus affordable training to the business community in Arkansas, Ashley, Bradley, Chicot, Cleveland, Desha, Drew, Jefferson and Lincoln counties. For small business assistance, contact the UAM center at (870) 460-1910 or by e-mailing firstname.lastname@example.org.
The center is part of the Arkansas Small Business and Technology Development Center’s statewide network. The ASBTDC is a partnership of the U.S. Small Business Administration, the UALR College of Business and other institutions of higher education.