MAIN DINING ROOM
5 5th Avenue North | Jax Beach | Florida
6 5th Avenue North | Jax Beach | Florida
7 5th Avenue North | Jax Beach | Florida
PRIVATE MEMBERS’ LOUNGE
8 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
9 5th Avenue North | Jax Beach | Florida
PLAN
10 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% REAL
13 5th Avenue North | Jax Beach | Florida
ESTATE DEVELOPMENT
TOTAL FOOD/NA BEVERAGE 3,600,000 60 4,200,000 60 4,800,000 60 TOTAL BEVERAGE 2,400,000 40 2,800,000 40 3,200,000 40 TOTAL SALES 6,000,000 100 7,000,000 100 8,000,000 100 COST OF GOODS SOLD TOTAL FOOD/NA BEVERAGE 1,152,000 32 1,344,000 32 1,536,000 32 TOTAL BEVERAGE 528,000 22 616,000 22 704,000 22 OTHER INCOME/COSTS 300,000 5 350,000 5 400,000 5 TOTAL COGS 1,980,000 33 2,310,000 33 2,640,000 33 GROSS PROFIT 4,020,000 67 4,690,000 67 5,360,000 67 EXPENSE SALARIES & WAGES 601 · STAFF WAGES 1,200,000 20 1,400,000 20 1,600,000 20 606 · MANAGEMENT SALARIES 480,000 8 560,000 8 640,000 8 TOTAL SALARIES & WAGES 1,680,000 28 1,960,000 28 2,240,000 28 OTHER EMPLOYEE BENEFITS/COSTS 611 · PAYROLL TAXES 205,800 3.43 240,100 3.43 274,400 3.43 613 · WORKER’S COMP INSURANCE 20,496 0.34 23,912 0.34 27,328 0.34 618 · EMPLOYEE CONTESTS & REWARDS 12,000 0.20 14,000 0.20 16,000 0.20 619 · MANAGER’S UNIFORMS 900 0.02 900 0.01 900 0.01 620 · EMPLOYEE’S UNIFORMS 1,200 0.02 1,200 0.02 1,200 0.02 TOTAL OTHER EMPLOYEE BENEFITS/ COSTS 240,396 4.01 280,112 4 319,828 4 ORDINARY INCOME/EXPENSE AMOUNT % AMOUNT % AMOUNT % PROJECTED SALES 6,000,000 7,000,000 8,000,000
15 5th Avenue North | Jax Beach | Florida
RESTAURANT PROJECTIONS
16 5th Avenue North | Jax Beach | Florida ORDINARY INCOME/EXPENSE AMOUNT % AMOUNT % AMOUNT % PROJECTED SALES 6,000,000 7,000,000 8,000,000 OPERATING EXPENSES 621 · AUTO CHLOR/DISH PIT 2,614.10 0.04 2,614.50 0.04 2,614.50 0.04 623 · CABLE & SOUND 4,797.60 0.08 4,797.60 0.07 4,797.60 0.06 624 · CLEANING SERVICE 31,071.36 0.52 31,071.36 0.44 31,071.36 0.39 625 · REPAIR & MAINTENANCE 10,000 0.17 10,000 0.14 10,000 0.13 629 · HOOD CLEANING & MAINTENANCE 1,935 0.03 1,935 0.03 1,935 0.02 631 · GLOVES 13,800 0.23 16,100 0.23 18,400 0.23 633 · TABLE LINENS/PAPER 12,000 0.20 14,000 0.20 16,000 0.20 634 · KITCHEN LINENS/RUGS 11,400 0.19 13,300 0.19 15,200 0.19 635 · CLEANING SUPPLIES 33,600 0.56 39,200 0.56 44,800 0.56 636 · PAPER SUPPLIES 106,800 1.78 124,600 1.78 142,400 1.78 637 · PEST CONTROL 4,200 0.07 4,200 0.06 4,200 0.05 640 · BUILDING, A/C, FURN REPAIRS 39,000 0.65 45,500 0.65 52,000 0.65 641 · REPAIRS - KITCHEN EQUIPMENT 15,000 0.25 17,500 0.25 20,000 0.25 643 · SUPPLIES - GLASS, SILVER, PLATE 27,000 0.45 31,500 0.45 36,000 0.45 644 · KITCHEN SMALL WARES 12,000 0.20 14,000 0.20 16,000 0.20 645 · SUPPLIES - OTHER 15,000 0.25 17,500 0.25 20,000 0.25 649 · MISC. OPERATING EXP 4,800 0.08 5,600 0.08 6,400 0.08 650 · VALET 30,000 0.50 30,000 0.43 30,000 0.38 TOTAL OPERATING EXPENSES 375,018.46 6.25 423,418.46 6.05 471,818.46 5.90 TOTAL MARKETING 60,000 1.00% 70,000 1.00% 80,000 1.00% GENERAL & ADMIN 661 · ALARM & SECURITY 837.88 0.01 837.88 0.01 837.88 0.01 668 · NETWORK EXPENSES 240 0.00 240 0.00 240 0.00 669 · CONSULTING FEES 1,920 0.03 19,200 0.03 19,200 0.02 671 · MERCHANT FEES 120,000 2 140,000 2 160,000 2 673 · DUES & SUBSCRIPTIONS 171.66 0.00 171.66 0.00 171.66 0.00 676 · INSURANCE (JAX BEACH + 15K) 61,349.30 1.02 61,349.30 0.88 61,349.30 0.77 678 · LEGAL & ACCOUNTING 15,300 0.26 15,300 0.22 15,300 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 0.10 6,000 0.09 6,000 0.08
680 · OFFICE SUPPLIES 9,000 0.15 10,500 0.15 12,000 0.15 681 · LAWN CARE 1,200 0.02 1,200 0.02 1,200 0.02 682 · PAYROLL PROCESSING 7,000 0.12 7,000 0.10 7,000 0.09 683 · PRINTING OPERATIONAL 12,000 0.20 14,000 0.20 16,000 0.20 688 · TELEPHONE EXPENSE 88,808 1.48 88,808 1.27 88,808 1.11 690 · TAXES (TAXES ON 5M VALUE + 3K TANGIBLE) 90,504 1.81 90,504 1.51 90,504 1.29 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 2,803,137.23 46.72 3,204,753.23 45.78 3,606,369.23 45.08 NET ORDINARY INCOME 1,216,862.77 20.28 1,485,246.77 21.22 1,753,630.77 21.92 OTHER EXPENSE 701 · RENT 360,000 6 420,000 6.00 480,000 6 703 · POS LEASE 17,194.44 0.29 17,194.44 0.25 17,194.44 0.21 718 · MGMT FEE 120,000 2 140,000 2 160,000 2 TOTAL OTHER EXPENSE 497,194.44 8.29 577,194.44 8.25 657,194.44 8.21 EBITDA 719,668.33 11.99 908,052.33 12.97 1,096,436.33 13.71 ORDINARY INCOME/EXPENSE AMOUNT % AMOUNT % AMOUNT % PROJECTED SALES 5,000,000 6,000,000 7,000,000 17 5th Avenue North | Jax Beach | Florida
18 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
19 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 20 5th Avenue North | Jax Beach | Florida
