— The Oconomowoc Community Development Authority approved three
loans Wednesday evening that could help bring a Great Harvest Bread
Company franchise to the city.
Rasmussen of Pewaukee, who has run a Great Harvest store in
Delafield since 2011, wants to bring the business to 123 and 127 E.
at $25,000, the first loan approved would help cover a portion of
the franchise fee, expansion, renovation, and remodeling costs. The
loan comes with a 1 percent interest rate and five-year payoff
to the executive summary section of his business plan, Rasmussen
estimates that the total investment required for the project would
be around $280,000. To reach the remaining portion of that goal, he
plans to contribute $150,000 in personal funds and would seek about
$104,000 in a bank loan.
committee approved Feider Family Enterprises’ application for a
$25,000 loan to be used for the upgrade of the property at 123 E.
Wisconsin Ave., part of which would accommodate the Great Harvest
Bread Company venture. In addition, the loan application would
enable Feider Family Enterprises to rent out the upper level of the
approved was Jason Dvorak’s application for a $25,000 loan to help
move his real estate development and consulting property management
company, JLD Acquisitions, to 127 E. Wisconsin Ave. The second story
of the property would serve as JLD Acquisitions’ headquarters,
while the bottom floor would be rented out to Great Harvest Bread
three loans are for five years with a 1 percent interest rate.
Duffy, the director of Oconomowoc’s Bureau of Economic Services,
said any exterior changes to the properties would require
architectural approval from the city.
his business plan for the proposed Great Harvest Bread Company
franchise, Rasmussen said the planned bakery and cafe could best be
described as fast/casual. The business could seat up to 50 people
and would be open every day of the week.
hopes to open the business this fall.