birdsong

opening this winter, san francisco

BUSINESS PLAN (INCOME STATEMENT - YEAR 1):

-Revenue - $5,137,200

-COGS - $1,165,390 (23% of sales)

-Labor - $2,348,366 (47% of sales)

-Controllable Expenses - $581,531 (11% of sales)

-Non-controllable Expenses - $231,174 (5% of sales)

-Occupancy - $275,647 (5% of sales)

-EBITDA - $464,457 (10% of sales)

Year over year growth is based on 1) increasing number of turns on the weekend after Year 1, and 2) increasing number of restaurant buy-outs. Leveraging on running other successful restaurants, we expect lowering labor and expenses as efficiency improves. 

Year over year growth is based on 1) increasing number of turns on the weekend after Year 1, and 2) increasing number of restaurant buy-outs. Leveraging on running other successful restaurants, we expect lowering labor and expenses as efficiency improves. 

INVESTMENT OFFERING:

The team is looking to raise $2.3 million for the development of the concept. 

The Class A Members will be issued as a group twenty five percent (25%) of the total outstanding percentage Membership Interests in the Company; and each Class A Member’s percentage Membership Interest in the Company shall be the amount, determined on percentages, by which such Class A Member’s subscription bears to one hundred percent (100%) of aggregate subscriptions of all of the Class A Members.

Investors will receive 75% of all annual distributions until they have been fully repaid. After Investors are fully repaid, they will receive 25% of all annual distributions. Based on our revenue projections as above, payback period is under 5 years. 

The table below shows return on an initial investment of $25,000.