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Bill
Hello, just a few questions. Thanks 1. What is the monthly payment on your lease, the term structure and is it triple net? 2. How many full/part time employees do you have? Besides Hyun-Jung Choe how many other chefs or cooks are there in the restaur ...
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Jenna’s Asian Kitchen
ISSUER
Hello Bill, thanks for your questions. Please see below: 1. The terms of our lease are in line with the surrounding area, and all associated costs are reflected in our forecast. We'd rather not get into the details because we want to respect our l ...
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Garrett
A few questions regarding financial statements and projections: 1. First, congratulations on achieving profitability in January. Can you provide any color on how February turned out and March is trending from both the top and bottom line? 2. Can yo ...
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Jenna’s Asian Kitchen
ISSUER
1. Thank you. Achieving profitability is certainly satisfying. Both February and March sales are in line with our projections. 2. When we first opened the restaurant, our numbers in 2015 fluctuated month-to-month until they stabilized entering t ...
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Garrett
I have some questions specific to the financials and future projections. If I remember right, the comments are open to unverified/non-members so I do not want to ask on this forum (please advise if I'm mistaken on this). What is the best way to reach ...
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NextSeed
Thank you for your interest. Under the Texas crowdfunding rules, all substantive questions intended for an issuer are required to be posted on this forum for other NextSeed members to view. The issuer will then answer any such questions to the bes ...
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Ming
Is there an error with the projected payments? A hypothetical investment of $100 would accrue $122 in payments by the end of the 30 month term - that's either too low if it's including principle, or higher than the 16% / annum. if purely interest pay ...
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NextSeed
Ming, thank you for your question. The term loan is amortized on a monthly basis, so investors will receive fixed monthly payments of interest and principal over the 30-month term. This is similar to the structure of a standard mortgage. The 16% r ...
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Ming
Makes sense - thanks for the clarification!
Lance
In terms of the security interest, will NextSeed hold first lien on all assets? Is there not a first lien holder on the current debt? Is there a junior lien holder? If so, who?
Jenna’s Asian Kitchen
ISSUER
Hi Lance - thanks for your question. We expect NextSeed to have a first lien on all assets. We don’t currently have any secured debt and there should not be any existing lienholders.
Fredrick
I've eaten here twice - excellent food & atmosphere. Menu has both both traditional "Chinese" items & large selection of Korean specialties.