We have been open for a few months now as of March 2018 and although revenue is coming in below estimates, the business is steadily growing and already cash flow positive! We are looking to add brunch service to Leela’s soon and exploring different event options for each of the spaces to grow revenue further. As our project next door (Louie King) approaches opening, we will be planning a dual investor party for both locations.
We look forward to meeting you!
We have e-mailed all gift cards to our investors that qualify for this reward as of today! We would also like to share that abv has been open for several weeks now in its soft opening phase.
We are currently in our soft opening phase for Leela’s as we work out the operational kinks and gauge guest feedback. So far guests are loving the concept, including the ambiance, food and service!
abv is coming along nicely and will be ready to open in about 1-2 weeks. We have walked many guests through the space and the feedback has been overwhelmingly positive!
We are currently in discussions with Dallas Water Utilities regarding the requirement (if any) for Leela’s to install a grease trap. We will provide an update on this when a decision is reached, likely in the next 20 days.
Dear Leela’s & abv Investors,
Thank you for helping make the Leela’s & abv campaign a success!
As a quick update on our schedule, we plan to roll out the two concepts separately but in quick succession. We received delivery of most equipment this past week and are putting the final touches on Leela’s right now. With inspections scheduled for the end of this week, we hope to initially soft open Leela’s in time for Valentine’s Day. In parallel, abv is coming along nicely upstairs, and we will be opening it up 2-3 weeks after Leela’s is up and running.
We are working with NextSeed to get the bonus rewards out to all investors and plan to have our investor party in mid-March.
Thank you again, and we look forward to meeting
We’ve been inspired by our community, and we’re upping the ante with our bonus rewards. Every investor who invests $5,000 or more will receive 1 free glass of wine (whatever we have on tap) per day, for life. We’re excited about the opportunity to reward our members and give participants an extra reason to join us on our ride for the long term.
Also, we’re excited to share our progress with construction. Check out the beautiful texture on the walls and the new finish on the wooden tables.
Good news. Our equity raise is oversubscribed to date! We’ve held off on any additional fundraising until the NextSeed campaign is closed, so we can include as many people as possible in our growth. In the meantime, check out the progress we’ve made on construction.
We are installing the finishes at Leela’s! The brick you see will be whitewashed and the wood sanded and polished to create the sleek feel you see in our rendering. More pictures to follow…