Phase 0 - Planning Phase - COMPLETE
Phase 1 - 15% Funding Secured ($15,000) - IN PROGRESS
Initial Funds Used For: 2 Months Lease & Utility Payments @ Budgeted $4,000/mo = $8,000
Legal Structure, Licenses & Permits = $4,000
Marketing & Promotions: $3,000
WE ARE ACTIVELY SEEKING INVESTORS | PLEASE EMAIL US FOR OUR FULL BUSINESS PLAN & FINANCIAL PROJECTIONS
Phase 2 - Location Secured
Phase 3 - 25% Funding Secured ($25,000)
Initial Funds Used For: Partial Payroll Funds = $12,000
Partial Furniture, Equipment & Decor = $7,000
Initial Inventory & Supplies - $6,000
Phase 4 - Hiring
TO BE HIRED: 1 Bartender @ $10/hr + Tips
TO BE HIRED: 2 Servers @ $10/hr + Tips
TO BE HIRED: 1 Kitchen Staff @ $14/hr
HIRED: Director of Lounge Operations: $54,000 Annual Salary + Bonus
HIRED: Director of Bar Operations: $54,000 Annual Salary + Bonus
Phase 5 - 25% Funding Secured ($25,000)
2 Months Lease & Utility Payments = $8,000
Partial Equipment & Furniture: $10,500
Payroll Funds – 5,000
Initial Supplies Final Order - $1,500
Phase 6 – 25% Funding Secured ($25,000)
2 Month Lease & Utility Payments - $9,000
Payroll Funds - $13,500
Final Equipment, Furniture, Décor - $2,500
Phase 7 – Final Funding 10% Secured ($10,000)
Payroll Funds - $10,000
Full Allocation of Funds
• 6-month lease securement: $25,000
• Equipment, furniture, Decor: $20,000
• Licenses and permits: $4,000
• Initial inventory and supplies: $7,500
• Marketing and promotional expenses: $3,000
• 3-month initial Payroll: $45,000
Total startup costs: $100,000