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Mark
As this gets closer to being closed and the building seems closer to being done, is there a set date for the opening of the restaurant?
Leela's & abv
ISSUER
Mark - thanks for reaching out! We are looking at an early February opening. The biggest variable right now is the delivery date on some of the equipment. Assuming the pieces come at the tail end of the vendors’ estimates, we feel confident about tha ...
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William
I couldn't quite tell from your disclosure docs but I have a few questions. 1) where is the remainder of the capital going to come from? If it costs $700k and you have put in $100k and you plan to raise $135k from Nextseed there is a $465k gap. 2) ...
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Leela's & abv
ISSUER
Thanks for the questions, William.
The remainder of the capital is coming from private investors. Excluding our own investment, we have raised just over $325k to date and are waiting to see the results of the NextSeed raise to accept anymore o ...
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William
Thank you! That answers all of my questions. I would suggest that you include the terms of the outside capital you raised in the disclosure - unless you have been advised not to. Thanks!
Bahri
Thanks Issuer. I have a few more questions: 1) Are the people investing in this business through this website going to be paid starting from Month 1 or are there other investors through different channels who have priority to be paid before investors ...
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Leela's & abv
ISSUER
Thanks for the additional questions, Bahri. In order: 1) The NextSeed vehicle is a revenue sharing note, so NextSeed investors are paid a percentage of monthly revenue regardless of deals with any other investors. 2) We're working on our menu now and ...
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Bahri
What is the projected gross income per month for the next 48 months after the establishment is opened?
Leela's & abv
ISSUER
Hi, Bahri. You can find our annual projections in the disclosure statement (see the Disclosures tab). Our average monthly revenues are projected to ramp up from $140K/month in Year 1 to $175K/month by Year 4.
William
Will revenue generated at FEED Company be calculated towards the repayment of the note?
Leela's & abv
ISSUER
Thanks for the question, William. FEED is held separately from Leela's & abv. Revenues from that business will not be calculated towards this note.
Vijay
Can you please update the status of this project? Are you in the construction phase now?
Leela's & abv
ISSUER
Thank you for your interest in our project. Yes, we are starting the second week of the construction phase at this time. We are still in line with the timeline we first put out, with an anticipated construction completion at the end of December.