Monday, July 28, 2014 9:48:46 PM
Along with the one that was announced for early Q2 opening, SW Florida #3, where there is just a 'concept' picture.
FYI, as a preface to my financials review -- the revised Q1 financials show that the 49% minority interest in SW Florida lost $24K in Q1 alone, suggesting that the total lost was $50K, or $8K/mo/kiosk (2 open all quarter) (BTW this information was NOT in the Q1 financials issued in early June). Bad news if revenue per kiosk is under $15K/mo, as suggested by the revenue numbers; will certainly discourage prospective franchisees. And may explain why SW FL #3 has not opened, despite $115K of equipment acquisition by the minority interest in Q1, per the financials.
Also, the picture of the sports bar, scheduled to open in July per the acquisition PR in May, is not shown on the website. Perhaps it will be there when the opening PR is published between now and Thursday, as BCCI meets its published commitment. Or not.
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