5、The following was written as a part of an application for a small business loan by a group of developers in the city of Monroe.
A jazz music club in Monroe would be a tremendously profitable enterprise. Currently, the nearest jazz club is 65 miles away; thus, our proposed club, the C Note, would have the local market all to itself. Plus, jazz is extremely popular in Monroe: over 100,000 people attended Monroes jazz festival last summer, several well-known jazz musicians live in Monroe, and the highest-rated radio program in Monroe is Jazz Nightly, which airs every weeknight. Finally, a nationwide study indicates that the typical jazz fan spends close to $1,000 per year on jazz entertainment. It is clear that the C Note cannot help but make money.
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