Raising $1M for buildout, startup and working capital.
Have identified the architecture firm Abueg-Morris and General Contractor Greg Alsterlind.
~ 3 months to identify a space
~ 9 months to develop the space
~ 7 months after launch to break-even
Modeled the time and cost after three similar concepts recently built in San Francisco and validated with the architects and GC.
Securing 20 units of $50K each in return for 35% of the company. Prioritizing and accelerating repayment of this initial capital.
Strike and Techel alcohol beverage law firm has structured the investment entity in a way that insulates it from the Retail liquor license, avoiding any potential tied house restrictions. So, for example, a winery owner or distributor can invest.
Validated with City Planning, the ABC, Sheriff, and Board of Supervisors that there are no real barriers to development and licensing.