InvestorsHub Logo
icon url

BubbaInSC

01/11/23 5:20 PM

#340306 RE: JACKPOT #340301

Raising Fees, Increases in menu prices, Riising costs of produce/meats/ingredients, adding credit card usage surcharges are deterrents

If FUNN is actually serious about moving towards positive net profitability, they should simply close Provo, Chicago, and two of 3 Toronto cafes.

FUNN should obtain a low interest loan to cover 5 years' worth of:
* A CEO who has restaurant and franchising experience
* Accounting services
* 5 years of auditing

and focus on franchising in the USA; where franchisees would be responsible for all build-out and operational costs - and pay Franchising Fees to FUNN (which incorporate costs for accounting, auditing, and marketing).

This would eliminate:
* Need for approving additional common shares; which will dilute Minority SH value.
* Incurring additional debt
* Need to raise cash for buildouts.


Raise fees & open dozens more cafes. Nobody works for $8/hour anymore. Expenses are higher. People will pay. It wouldn't be a deterrent.