Abra's Coin Upgrade

[Abra]

Existing Business



Business Proposal

Abra's Coin

• ABOUT THE PC
  • Character Name: Abra
  • Current Wealth Tier: 6 before the purchase
  • Business Management Skill: 109/100
  • Profession's Main Skill (your level in it): Business Management (Grandmaster)
• ABOUT THE BUSINESS STARTUP Refer to the Business Guide
  What is your target tier? Anyone from 5-10 will be able to use this bank.
  • Step 1: What is your startup wealth differential? -4
  • Step 2: What is the base cost of set up for your business? 55
  • Step 3: What is the startup cost? (Step 2 - Step 1)? 59
  • Step 4: Is this business a small or large business? If so, please show working out. Large, so the modified coust would be 59*1.5 = 89. The new cost should be 83 WP since the original business cost was 6 WP. In addition, I will be using a renown reward to reduce the price of the upgrade by 50% See Here. The final cost should come out to 42 WP
  • How will this be funded? Will you lose the WPs or are you taking a loan? Please link to ledger or bank: Paid from my supply of wealth if possible Link
• ABOUT THE BUSINESS
• Business Name: Abra’s Coin
• Business Location: Melrath
• Business Description: Abra has set up a bank in Raelia with the purpose of serving the average demographic of Raelia all the way up to the nobles themselves.
• Number of Employees: 10
• Which Categories from the Shoppe does your business sell? None are applicable
• Which non-Shoppe items / goods / services do you provide? Standard banking services. See the following post
• Are there any exceptions (eg: Weapons, but not bows) Abra will not deal with those under wealth tier 5
• Which Wealth Tier does your business target at? 5-10
• What is your Business Management Skill? 109/100

[Abra]

Goods & Services Available

Abra’s Coin, once nothing more than a single man operation run out of a small home, is now a large bank in the heart of Raelia. The bank’s exterior is made of marble while the interior is furnished with luxurious wooden furniture. Entering the bank imparts a sense of wonder onto most first time visitors. The first thing they encounter is an immaculate waiting room where their purpose can be told to an assistant. Here they can sit and enjoy refreshments while looking down over the busy streets outside. Once someone is available to see them, customers are led to one of several areas of the bank. Clients that are under wealth tier 9 are taken to the general populace tellers where they can make deposits, withdrawals, loan requests etc. Those wealth tier 9 and up are taken to private rooms where employees meet with them in private to perform business. There exists a series of safes in the bank in locations that are known only to Abra and a select few employees. These are where money is stored along with anything clientele pay to entrust to the bank. Nothing stored is insured in any fashion.

A notice is placed in clear view of the bank’s entrance:

“This bank is under active guard by mages. All those who enter this establishment are subject to examination by any magical means deemed necessary. For the protection of our clientele and assets, you waive your legal protections from magic use.”

This bank benefits from Abra's business management capstones. Patrons will find that Abra's Coin is able to offer loans for half the standard bank interest rates and offer double the interest rates on stored money.


Rules:

1. Since this is a PC run business, you may buy certain items here at a lower cost than the Shoppe.
2. Only the goods & services identified in this post may be purchased.
3. This location is open for you to post in: any and all purchases must be posted with time stamps below.
4. You can make multiple purchases per season, but log only ONE purchase post
5. If you make a thread out of your transaction, the link should be posted here.
6. It doesn't cost any Wealth Points to open a savings account.
7. Withdrawals, deposits, and all other services can be accessed at any branch of the bank.
8. You can make multiple withdrawals from your savings account per season. However, if you make any withdrawals, your seasonal interest may be affected.

Kruug

Name: Kruug
Race: Biqaj
Date of birth: 66 Vhalar 689
Title: Guard
Skills:
Detection: 30
Strength: 30
Endurance: 10
Unarmed (wrestling): 30

Other information: Kruug is an eight foot tall muscular piece of work. He is eight feet tall and patrols the bank at varying hours of the day. He has a keen eye and a mean right hook. He doesn’t let on too much about what he knows or what he actually does while on the job, but most take one look at him and realize that an unexpected meeting with him would likely end very poorly. His official job duty as assigned by Abra is protect the assets of the bank however he sees fit. He is the only employee that is given immunity from Slythr’s rules.

Slythr

Name: Slythr
Race: Eidisi
Date of birth: 1 Saun 679
Title: Head Guard
Skills:
Trapmaking: 30
Hunting: 30
Ranged (Shortbow): 30
Detection: 10

Other information: This Ex Ydaliri Ranger is trained in the ways of setting traps and keeping a close eye out for intruders. His sole job is to protect the assents of the bank. He has direct authority over everyone in the bank except for Kruug and Abra when it comes to security policy. Slythr has a vendetta against criminals and has personal motivations for catching them. He rarely cracks a smile or a laugh, even in pleasant company.

Sans

Name: Sans
Race: Human
Date of birth: 12 Ymiden 700
Title: Teller
Skills:
Mathematics: 30
Etiquette: 10
Socialization: 10
Persuasion: 30
Endurance: 20

Other information: Sans is a man who’s skin is so tight on his body that he almost looks skeletal. Some might assume he is a necromancer based on his appearance but he is assuredly not. In reality he is a very jovial and sociable soul with a passion for serving the customer. He handles all general bank matters for people under wealth tier 9.

Taeler

Name: Taeler
Race: Human
Date of birth: 1 Vhalar 701
Title: Greeter
Skills:
Caretaking: 10
Acting: 30
Endurance: 10
Seduction: 30
Acrobatics: 20

Other information: Taeler is an aspiring actress who is working the job of a greeter until her big break comes along. She puts on puppet shows for kids while they wait and is a great conversationalist.

Serene

Name: Serene
Race: Human
Date of birth: 12 Vhalar 701
Title: Teller
Skills:
Seduction: 30
Etiquette: 30
Persuasion: 30
Blades (Dagger): 5
Deception: 5

Other information: Serene has the job of assisting those of wealth tiers 9 and up. She is trained to deal with particularly difficult clientele and speak how nobles do. She hates her job with a passion but it pays well.

Vic

Name: Vic
Race: Human
Date of birth: 6 Cylus 700
Title: Human
Skills:
Caretaking: 10
Acrobatics: 30
Endurance: 30
Seduction: 10
Socialization: 20

Other information: Vic tends to the wealth tier 9 and 10 clients just as Serene does. However her primary role is to assist the clients with anything they might need until Serene is available. She enjoys her job but isn’t nearly as good at is it as her counterpart.

Faceless Employees

There are a number of employees who act as assistants to the employees with writeups. They are not privy to the innerworkings of the bank. There are a number of slaves who are stationed around the rooms that contain valuable goods. They are armed with light weaponry and have the sole job of killing intruders. They are told that killing or capturing intruders is enough to buy their freedom.

Services: Savings Accounts

By depositing your Wealth Points in a savings account here, you are agreeing to the rules of the bank (see Rules), and the bank is agreeing to pay interest on your savings.

Interest rates
Interest rates are added seasonally. It is up to you to apply for your seasonal interest; you may do so at the end of each season or on your own schedule, though you are advised to do so seasonally so as not to forget or to make mistakes.

Anyone can put Wealth Points in a savings account. However, only savings accounts with 10 Wealth Points (wp) or more will begin to earn seasonal interest; savings accounts with 9wp or less will not earn interest at all.

For every 10wp you have in your savings account, you will earn 1wp seasonally in interest. This equates more or less to a 10% interest rate. This means that

if you have 10-19wp in your savings account, you will earn 1wp in interest,
if you have 20-29wp in your savings account, you will earn 2wp in interest,
if you have 30-39wp in your savings account, you will earn 3wp in interest,
etc.

To determine the amount of interest you will earn for one season, use the equation
total savings = savings + (savings / 10)
where dividing by 10 represents your account's seasonal interest.

The resulting number of wp will always be rounded down to the nearest Wealth Point.

For example, someone with 32wp in their savings would have
total savings = 32wp + (32wp / 10) = 32wp + 3.2wp = 35.6wp rounded down, or 35wp in their savings after adding 3wp of interest.

And remember, parentheses before addition.

Or use the equation
total savings = savings x 1.1
where 1.1 represents your account's seasonal interest.

As before, the resulting number of wp will always be rounded down to the nearest Wealth Point.

For example, someone with 32wp in their savings would have
total savings = 32wp x 1.1 = 35.6wp rounded down, or 35wp in their savings after adding 3wp of interest.

The next season, they would have
total savings = 35wp x 1.1 = 38.5wp rounded down, or 38wp in their savings after adding another 4wp of interest.

Interest with withdrawals
If you have made withdrawals during the season, you should calculate your seasonal interest using the lowest number of Wealth Points you have had in your savings account during that time.

So, if someone had 50wp in their savings account, withdrew 10wp, and then deposited another 10wp, they would use 50wp - 10wp = 40wp when calculating their seasonal interest.

Bonus
If you don't make any withdrawals from your savings account for a full year, you will earn a bonus of 10wp. This bonus applies to saving accounts which hold less than 20wp.

Services: Loans

By taking out a loan, you are agreeing to pay the bank the amount of Wealth Points you took out for your loan plus interest. The longer you do not pay back your loan, the more interest your loan will accrue.

If you do not make any payments towards your loan for a full year, your Seasonal Wage (earned via your seasonal Wealth Thread) will be seized by the bank until your loan plus interest is paid in full.

Interest rates on loans
For every season that you have a loan out with the bank, the bank will collect interest on your loan. The interest rate on loans is 1wp/season for every 40wp loaned out; this equates more or less to 2.5% interest seasonally. Loans can only be taken out in multiples of ten Wealth Points, so you may only take out a loan of 10wp, 20wp, 30wp, etc.

To determine the amount of interest the bank will add to your loan per season, use the equation
total debt owed = loan + (loan / 40)
where dividing by 40 represents your loan's seasonal interest.

The resulting number of wp will always be rounded down to the nearest Wealth Point.

For example, someone with a 150wp loan would owe
total debt owed = 150wp + (150wp / 40) = 150wp + 3.75wp = 153.75wp rounded down, or 153wp after adding 3wp in interest.

And remember, parentheses before addition.

Or use the equation
total debt owed = loan x 1.025
where 1.025 represents your loan's seasonal interest.

As before, the resulting number of wp will always be rounded down to the nearest Wealth Point.

For example, someone with a 150wp loan would owe
total debt owed = 150wp x 1.025 = 153.75 wp rounded down, or 153wp after adding 3wp in interest.

The next season, they would owe
total debt owed = 153wp x 1.025 = 156.825wp rounded down, or 156wp after adding another 3wp in interest.

Job information

Jobs are available here. To apply for a job, contact Abra.

Player notes

Put notes from the city's mod(s) to the city's players here. Also put a "transaction template" for PCs?

Change log

Record any changes here that have been made to the location.