24 Yr Restaurant Concept Needs Expansion Funds
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 27% |
| Lender Rate: | 20% | Borrower: | PapaG |
| Finished | State: | TX | |
| Funded: | 100% | Group: | Cashfunders by Cash Flow Financial |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-04-02 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Apr 02, 2007 | Current |
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I am in the process of opening my next location of Papa G?s Sports Bar & Grill. I have leased an existing 5,000 square foot free-standing building located on the main strip (Colleyville Blvd. Hwy 26) in the prosperous city of Colleyville, Texas. This location stands directly in front of the new Colleyville town center, featuring upscale retail development with high end condos. Cost Of Next Location: $240,157.00: Finish Out: $ 52,855 FF&E: $101,182 Signage: $ 6,940 Liquor License & Bond: $9,500 Insurance: $1,680 Parking Lot Stripping: $1,500 Landscaping: $6,500 Initial Inventory: $10,000 Deposit & First Mo Rent: $9,000 Working Capital: $41,000 Total Location Cost: $240,157.00 Source Of Funds: Innovative Lease Services: $100,000 Cash Flow Financial: $ 85,000 Personal Funds: $30,157 Prosper Loan:$25,000 Total Funds: $240,157.00 I have financing commitments from Cash Flow Financial for $85,000.00 (Contact: John Adler 214.432.4479) and from $100,000.00 Innovative Lease Services of Kansas City, MO for the Equipment Lease (Contact: Harold Mason, Midland Capital 816.810.5054) Please be sure to read my personal description which provides my relevant experience and background. Financial Profile: Papa G?s Current Annual Sales Revenue: $1,080,000 Papa G?s Current Net Income: $31,203.00 New location revenue projection: Our CPA has completed a three year financial projection for the new Colleyville location. (CPA: Scott Kunkel, North Richland Hills TX ph 817.498.8299) Due to superior location and demographics, the revenue for this unit is projected to be 45% higher than the existing location. Personal Annual Income: $121,000.00 |
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