thanks Innovation, but this outlook has no meat in it, just bones. you or I can publish a PR like this in a day and lure investors..
Verily my point is.. item1 discusses Capital structure and theres no breakdown of how this will be managed.. they put up a generalization and it wont fly infront of a banker..
item 2 talks about 15-20% of sales on drinks. how are you going to get to $800k.. selling a basket of wings?? how many do you have to sell a day?? 300-400 baskets ?? do the math and tell me if you can achieve $800k on that plan over 52 weeks .. you and i have eaten wings and we eat 8 -12 at most per day.. and u dont eat them every day.. whats the rate of repeat orders or new orders?? they should know this from the location they have now how may orders a day they are generating..
they also talk about build and flip, development costs around $800K.. no mention on how will this be funded?? from selling the wings and liquor?? what about operational costs?? what are they and how will they be paid?? they are assuming they will sell out every month and finance their operations from that?? the last time i checked i only saw $20000 on hand in their balance sheet.. I dont see other cash on hand for this company.. there's over $1.5mil - $2mil of associated costs discussed but no mention of where the money will come from.. printing more shares?? how is that share value?
franschising is mentioned.. who is going to franschise this? what are the estimated earnings from that and what are the fees... BWW is out there in the same business, never mind the smaller competitors and are we assuming we will take over the market share??
let me know how the math adds up... all im reading is assumptions..
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