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Jerry
Is there a cap on the revenue sharing component with the Lessor?
Zachary
Pretty much every question I had was answered below in the comments, in the detailed fashion I needed to feel comfortable. Disclosure agreement was a decently easy read and thorough enough. I'm excited for the concept, I think this will do well in Sa ...
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Terence
Additional question: can you discuss your lease agreement? It’s not discussed in your disclosures and not included in the financial statement. I understand it was due to timing. I’d like to know if there is an “extra rent” provision that kicks in if ...
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Pokéology
ISSUER
Yes, our lease terms include a revenue-sharing component, so our projected rent includes our monthly rent obligations including an additional buffer on top that covers the potential variation.
Terence
Agree and echoing Ken’s question: from my reading, Semper Fi will include assets/income/lien from both the Rice Village and Sawyer locations. Is this correct? Side note, it’s so nice to see that Sawyer Park Washington Arts District. I think you will ...
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Pokéology
ISSUER
Thanks for the encouragement, Terence! You're correct. Both the Rice Village and Sawyer locations are included here.
Ken
Where is liquor cost of sales in the forecast?
Pokéology
ISSUER
Hi Ken, thank you for noticing. This is an error in labeling and we apologize for any confusion. To give you some background, we initially applied for a liquor license but ultimately decided to apply for a license allowing us to sell wine and bee ...
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Ken
The "Pro Forma Financial Statement" section states "To illustrate the earning potential of Pokéology’s two locations, the Issuer is providing a summary of its 4-year financial forecast." Does that mean the forecast includes the other location, and if ...
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Pokéology
ISSUER
Thanks for the question, Ken. Yes, both locations are operating under the same entity. Forecasts and cash flow from both locations are included and will go towards paying this note.
Thomas
How do you plan on opening in March of 2018 when you won't have the money from this investment until February?
Pokéology
ISSUER
Hi Thomas, thanks for the question! We have already filed for permits with the city. Based on the timing of their responses, we would start construction sometime between November-January. The city permitting office can be difficult to predict, but ou ...
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