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Company
Twice As Nice Caribbean Cuisine Inc.
Toronto, Ontario, Canada
Contact
Barry Gibbs
He / Him
President
(13)
4
Project
Academic experience
60 hours of work total
Learner
Anywhere
Advanced level

Project scope

Categories
Accounting Financial modeling Financial services
Skills
financial statements finance balance sheet income statement cash flow statements financial data accounting loans
Details

Twice As Nice Caribbean Cuisine Inc. is seeking to enhance its financial documentation to meet the stringent requirements of banks and financial institutions. The goal of this project is to develop accurate and professionally structured financial statements and reports. These documents will be crucial for the company to secure loans, business lines of credit, and operational financing, which are essential for its growth and expansion. The project will involve analyzing existing financial data, understanding the specific requirements of financial institutions, and applying accounting principles to create comprehensive financial statements. The team will focus on creating balance sheets, income statements, and cash flow statements that reflect the company's financial health and potential for growth. This project provides an opportunity for learners to apply their classroom knowledge of accounting and finance in a real-world setting, enhancing their understanding of financial reporting and analysis.

Deliverables

The deliverables for this project include a set of professionally structured financial statements and reports for Twice As Nice Caribbean Cuisine Inc. These will consist of a detailed balance sheet, income statement, and cash flow statement. Additionally, a summary report explaining the financial position and potential growth opportunities of the company will be provided. The documents will be formatted to meet the standards required by banks and financial institutions, ensuring they are ready for submission to secure necessary financing.

Mentorship
Domain expertise and knowledge

Providing specialized knowledge in the project subject area, with industry context.

Skills, knowledge and expertise

Sharing knowledge in specific technical skills, techniques, methodologies required for the project.

Hands-on support

Direct involvement in project tasks, offering guidance, and demonstrating techniques.

Tools and/or resources

Providing access to necessary tools, software, and resources required for project completion.

Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

Supported causes

The global challenges this project addresses, aligning with the United Nations Sustainable Development Goals (SDGs). Learn more about all 17 SDGs here.

Decent work and economic growth

About the company

Company
Toronto, Ontario, Canada
2 - 10 employees
Food & beverage
Representation
Minority-Owned BIPOC-Owned Small Business Family-Owned

Twice As Nice is a well-established Caribbean and international cuisine restaurant that has been serving the Toronto community for over 25 years. Known for its authentic, home-style dishes and warm, family-oriented service, the restaurant has built a loyal customer base through consistency, quality, and cultural connection. Operating seven days a week, Twice As Nice is a cornerstone in the community, offering both dine-in and takeout options. The business is family-run, with Craig Henlin at the helm and supported by his children, part-time staff, and his spouse managing the books. With a strong local reputation and deep community ties, Twice As Nice is now poised for operational improvements, enhanced financial management, and strategic growth opportunities, including potential expansion into new locations.