MAIN DINING ROOM
7 5th Avenue North | Jax Beach | Florida
8 5th Avenue North | Jax Beach | Florida
9 5th Avenue North | Jax Beach | Florida
PRIVATE MEMBERS’ LOUNGE
10 5th Avenue North | Jax Beach | Florida
BATHROOM / EGRESS GALLERY 1075 SF 37' X 29' PRIVATE CLUB LOUNGE 13' X 18' 9' X 11' CLUB FOYER SPEAK EASY HALL DOWN TO KITCHEN PRIVATE DINING PRIVATE HALF WALL ART WALL EXPO KITCHEN FLOOR
11 5th Avenue North | Jax Beach | Florida
PLAN
12 5th Avenue North | Jax Beach | Florida MAIN DINING 50' X 13' DINING LOGGIA COVERED TERRACE BAR 36'X40' HOST/WAITING DJ GREENWALL STAIR LANDING
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NEW CO. Real Estate LLC RESTAURANT GS 33.33% GS (RESTAURANT PARTNERS) 90% TC 33.33% TC 2.5% LOAN PARTNER 33.33% LOAN PARTNER 7.5%
15 5th Avenue North | Jax Beach | Florida
REAL ESTATE DEVELOPMENT
BREAKDOWN
16 5th Avenue North | Jax Beach | Florida Building Development 14,000 @ 350 sq ft $ 4,900,000 Loan Payoff $ 900,000 Est Interest Carry $ 400,000 Total Loan for Real Estate Development $ 6,200,000 Estimated NNN Rent Restaurant (6% @ $7M) $ 420,000 Downstairs Retail $ 125,000 Total Rental Income $ 545,000 1st Floor 5,400 2nd Floor 8,400 Total Square Footage 13,800
17 5th Avenue North | Jax Beach | Florida Restaurant Projections ORDINARY INCOME/EXPENSE Amount % Amount % Amount % PROJECTED SALES 6,000,000.00 7,000,000.00 8,000,000.00 TOTAL FOOD/NA BEVERAGE 3,600,000.00 60.00% 4,200,000.00 60.00% 4,800,000.00 60.00% TOTAL BEVERAGE 2,400,000.00 40.00% 2,800,000.00 40.00% 3,200,000.00 40.00% TOTAL SALES 6,000,000.00 100.00% 7,000,000.00 100.00% 8,000,000.00 100.00% TOTAL FOOD/NA BEVERAGE 1,152,000.00 32.00% 1,344,000.00 32.00% 1,536,000.00 32.00% TOTAL BEVERAGE 528,000.00 22.00% 616,000.00 22.00% 704,000.00 22.00% TOTAL OTHER INCOME/COSTS 300,000.00 5.00% 350,000.00 5.00% 400,000.00 5.00% TOTAL COGS 1,980,000.00 33.00% 2,310,000.00 33.00% 2,640,000.00 33.00% GROSS PROFIT 4,020,000.00 67.00% 4,690,000.00 67.00% 5,360,000.00 67.00% SALARIES & WAGES 601 · Staff Wages 1,200,000.00 20.00% 1,400,000.00 20.00% 1,600,000.00 20.00% 606 · Management Salaries 480,000.00 8.00% 560,000.00 8.00% 640,000.00 8.00% TOTAL SALARIES & WAGES 1,680,000.00 28.00% 1,960,000.00 28.00% 2,240,000.00 28.00% OTHER EMPLOYEE BENEFITS/COSTS 611 · Payroll Taxes 205,800.00 3.43% 240,100.00 3.43% 274,400.00 3.43% 613 · Worker's Comp Insurance 20,496.00 0.34% 23,912.00 0.34% 27,328.00 0.34% 618 · Employee Contests & Rewards 12,000.00 0.20% 14,000.00 0.20% 16,000.00 0.20% 619 · Manager's Uniforms 900.00 0.02% 900.00 0.01% 900.00 0.01% 620 · Employee's Uniforms 1,200.00 0.02% 1,200.00 0.02% 1,200.00 0.02% TOTAL OTHER EMPLOYEE BENEFITS/COSTS 240,396.00 4.01% 280,112.00 4.00% 319,828.00 4.00% OPERATING EXPENSES 621 · Auto Chlor/Dish Pit 2,614.50 0.04% 2,614.50 0.04% 2,614.50 0.03% 623 · Cable & Sound 4,797.60 0.08% 4,797.60 0.07% 4,797.60 0.06%
RESTAURANT PROJECTIONS
18 5th Avenue North | Jax Beach | Florida 624 · Cleaning Service 31,071.36 0.52% 31,071.36 0.44% 31,071.36 0.39% 625 · Repair & Maintenance Labor 10,000.00 0.17% 10,000.00 0.14% 10,000.00 0.13% 625 · Entertainers 60,000.00 1.00% 70,000.00 1.00% 80,000.00 1.00% 629 · Hood Cleaning & Maintenance 1,935.00 0.03% 1,935.00 0.03% 1,935.00 0.02% 631 · Gloves 13,800.00 0.23% 16,100.00 0.23% 18,400.00 0.23% 633 · Table Linens/Paper 12,000.00 0.20% 14,000.00 0.20% 16,000.00 0.20% 634 · Kitchen Linens/Rugs 11,400.00 0.19% 13,300.00 0.19% 15,200.00 0.19% 635 · Cleaning Supplies 33,600.00 0.56% 39,200.00 0.56% 44,800.00 0.56% 636 · Paper Supplies 106,800.00 1.78% 124,600.00 1.78% 142,400.00 1.78% 637 · Pest Control 4,200.00 0.07% 4,200.00 0.06% 4,200.00 0.05% 640 · Building, A/C, Furn Repairs 39,000.00 0.65% 45,500.00 0.65% 52,000.00 0.65% 641 · Repairs - Kitchen Equipment 15,000.00 0.25% 17,500.00 0.25% 20,000.00 0.25% 643 · Supplies - Glass, Silver, Plate 27,000.00 0.45% 31,500.00 0.45% 36,000.00 0.45% 644 · Kitchen Small Wares 12,000.00 0.20% 14,000.00 0.20% 16,000.00 0.20% 645 · Supplies - Other 15,000.00 0.25% 17,500.00 0.25% 20,000.00 0.25% 649 · Misc. Operating Exp 4,800.00 0.08% 5,600.00 0.08% 6,400.00 0.08% 650 · Valet 30,000.00 0.50% 30,000.00 0.43% 30,000.00 0.38% TOTAL OPERATING EXPENSES 435,018.46 7.25% 493,418.46 7.05% 551,818.46 6.90% TOTAL MARKETING 60,000.00 1.00% 70,000.00 1.00% 80,000.00 1.00% GENERAL & ADMIN 661 · Alarm & Security 837.88 0.01% 837.88 0.01% 837.88 0.01% 668 · Network Expenses 240.00 0.00% 240.00 0.00% 240.00 0.00% 669 · Consulting Fees 1,920.00 0.03% 1,920.00 0.03% 1,920.00 0.02% 671 · Merchant Fees 120,000.00 2.00% 140,000.00 2.00% 160,000.00 2.00% 673 · Dues & Subscriptions 171.66 0.00% 171.66 0.00% 171.66 0.00%
ORDINARY INCOME/EXPENSE Amount % Amount % Amount % PROJECTED SALES 6,000,000.00 7,000,000.00 8,000,000.00
Restaurant Projections
Restaurant Projections
19 5th Avenue North | Jax Beach | Florida 676 · Insurance (Jax Beach + 15k) 61,349.30 1.02% 61,349.30 0.88% 61,349.30 0.77% 678 · Legal & Accounting 15,300.00 0.26% 15,300.00 0.22% 15,300.00 0.19% 679 · Misc Gen & Admin 8,286.36 0.14% 8,286.36 0.12% 8,286.36 0.10% 679.001 · Employment Ads 6,000.00 0.10% 6,000.00 0.09% 6,000.00 0.08% 680 · Office Supplies 9,000.00 0.15% 10,500.00 0.15% 12,000.00 0.15% 681 · Lawn Care 1,200.00 0.02% 1,200.00 0.02% 1,200.00 0.02% 682 · Payroll Processing 7,000.00 0.12% 7,000.00 0.10% 7,000.00 0.09% 683 · Printing Operational 12,000.00 0.20% 14,000.00 0.20% 16,000.00 0.20% 688 · Telephone Expense 2,898.84 0.05% 2,898.84 0.04% 2,898.84 0.04% 690 · Taxes (Taxes on 5m Value + 3k Tangible) 88,808.00 1.48% 88,808.00 1.27% 88,808.00 1.11% TOTAL GENERAL & ADMIN 335,012.04 5.58% 358,512.04 5.12% 382,012.04 4.78% UTILITIES 691 · Carbonics 3,425.04 0.06% 3,425.04 0.05% 3,425.04 0.04% 693 · Electric 55,236.34 0.92% 55,236.34 0.79% 55,236.34 0.69% 695 · Gas 20,032.48 0.33% 20,032.48 0.29% 20,032.48 0.25% 697 · Water & Sewer 22,554.10 0.38% 22,554.10 0.32% 22,554.10 0.28% 698 · Waste Disposal 11,462.77 0.19% 11,462.77 0.16% 11,462.77 0.14% TOTAL UTILITIES 112,710.73 1.88% 112,710.73 1.61% 112,710.73 1.41% TOTAL EXPENSE 2,863,137.23 47.72% 3,274,753.23 46.78% 3,686,369.23 46.08% NET ORDINARY INCOME 1,156,862.77 19.28% 1,415,246.77 20.22% 1,673,630.77 20.92% OTHER EXPENSE 701 · Rent 360,000.00 6.00% 420,000.00 6.00% 480,000.00 6.00% 703 · POS Lease 17,194.44 0.29% 17,194.44 0.25% 17,194.44 0.21% 718 · MGMT Fee 120,000.00 2.00% 140,000.00 2.00% 160,000.00 2.00% TOTAL OTHER EXPENSE 497,194.44 8.29% 577,194.44 8.25% 657,194.44 8.21% EBITDA 659,668.33 10.99% 838,052.33 11.97% 1,016,436.33 12.71%
ORDINARY INCOME/EXPENSE Amount % Amount % Amount % PROJECTED SALES 6,000,000.00 7,000,000.00 8,000,000.00
20 5th Avenue North | Jax Beach | Florida
RESTAURANT ESTIMATED OPEN COST
Construction Estimate $ 1,500,000 Construction Bank Draw InspectionsImpact Fee $ 30,000 Total Construction/Fees $ 1,530,000 Architectural Services $ 150,000 Interior Design $ 75,000 Landscape Architect $ 25,000 Landscaping $ 25,000 Permit $ 25,000 Total Architectural/Engineering $ 300,000 FF&E Televisions/Audio $ 50,000 Pagers/Host Equipment $ 10,000 Supplies-Other 10,000 Smallwares $ 25,000 Glass/Silverware/Plates $ 35,000 Bar Equipment $ 50,000 Kitchen Equipment $ 250,000 Office Equipment $ 10,000 Furniture Package $ 250,000 Artwork/Interior Décor $ 50,000 POS System $ 60,000 Signs $ 10,000 Phone System $ 3,000 Alarm System $ 5,000 Perlick System/Beer Draw $ 10,000 Total FF&E $ 828,000
21 5th Avenue North | Jax Beach | Florida
PREOPENING SOFT COST
Preopening Menu Development $ 50,000 Prepaid Work Comp $ 7,000 Prepaid Liab, Prop, Casualty $ 40,000 Additional GL Renewal $ 20,000 Brand/Website/Menu development $ 15,000 Preopening Training/Party Liquor $ 10,000 Preopening Training/Party Food $ 10,000 Preopening Payroll Service $ 10,000 Licenses $ 25,000 Legal Preopening Operational Printing Preopening Water/Sewer/Trash Preopening Gas $ 3,000 Preopening Electric $ 15,000 Preopening Security Preopening Staff Wages $ 50,000 Preopening Management Wages $ 200,000 Preopening Payroll Taxes $ 10,000 Building Risk Insurance $ 10,000 Preopening Inventory & Soft Cost Misc. $ 50,000 Total Preopening & Soft Cost $ 525,000 Loan Amount from Bank interest only (6 months) $ 50,000 Preopening Loan Cost $ 50,000 Misc. $ 300,000 Total Projected Opening Cost $ 3,483,000 Total Projected Opening Cost (Rounded) $ 3,500,000 Bank of America Loan $ 900,000 Investor Equity (40% @ 60k) $ 2,400,000 Managing Member Equity $ 200,000 Total Equity & Debt $ 3,500,000 22 5th Avenue North | Jax Beach | Florida
