Fire Fountain Grille
Company Summary
The Fire Fountain Grille is a steakhouse concept. It offers a comfortable, upscale ambience, replete with its signature fountains of flames and water. The menu features original variations of American favorites with a tantalizing array of seasoned steaks, prime rib, roasted caramel chicken, hot gourmet sandwiches and hearty salads. Beverages include an impressive wine list, microbrew beers, and festive cocktails. Fire Fountain Grille, Unit One, will be located in a newer free standing building. This location is an extremely high visibility spot on one of the most popular commercial corridors in the region. It has excellent parking, excellent ingress and egress from an eight lane thoroughfare.
2.1 Company Ownership
Fire Fountain Grille – Unit One LP, is projected as a Limited Partnership, but may switch the preferred structure to a stock “C” Corporation or Limited Liability Corporation “LLC”, for purposes of investment structuring (see section 6.1.1 “Investment Summary”). The number of investors could vary, based on various interpretations under SEC “Regulation D”.
OPERATING PARTNERS
- General Managing Partner, with 31% ownership.
- Vice Managing Partner for Dining Room and Human Resource Operations, with 9% ownership.
- Vice Managing Partner for Beverage and Entertainment, with 9% ownership.
- Vice Managing Partner for Kitchen and Catering Operations, with 9% ownership.
INVESTMENT PARTNERS
- Limited Partner Group One, with 14% ownership.
- Limited Partner Group Two, with 14% ownership.
- Limited Partner Group Three, with 14% ownership.
2.2 Start-up Summary
Fire Fountain Grille, Unit One, is a project that will take advantage of a newer, existing structure. Start-up costs will cover a number of details to convert the structure to suit our concept both visually, and functionally. Included in start-up costs are all necessary expenditures to cover the pre-opening hiring and training of our staff, adding and revising equipment needs, supplying smallwares and servicewares, inventory and other essentials.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $5,000 |
| Stationery, Menus, Brochures | $4,000 |
| Food Inventory | $20,000 |
| Alcohol Inventory | $8,000 |
| Operating Supplies | $5,000 |
| Smallwares | $22,000 |
| Uniforms | $3,000 |
| Linen | $1,500 |
| Two Fire Fountains | $30,000 |
| Kitchen Improvements | $15,000 |
| Leasehold Improvements | $30,000 |
| Exterior Improvements | $10,000 |
| Catering Vehicle & Equipment | $23,000 |
| Signage | $15,000 |
| Liquor License | $4,000 |
| Point Of Sale System | $10,000 |
| Computers & Peripherals | $5,000 |
| Office Furnishings | $1,500 |
| Pre-opening Management Labor | $15,000 |
| Pre-opening Labor/Training | $16,000 |
| Pre-opening Advertising & Marketing | $8,000 |
| Permits & Fees | $3,000 |
| Insurance | $7,500 |
| Rent | $15,000 |
| Research and Development | $5,000 |
| Utility Deposits | $10,000 |
| Cash Reserve | $25,000 |
| Other | $8,000 |
| Total Start-up Expenses | $324,500 |
| Start-up Assets | |
| Cash Required | $580,500 |
| Start-up Inventory | $0 |
| Other Current Assets | $0 |
| Long-term Assets | $65,000 |
| Total Assets | $645,500 |
| Total Requirements | $970,000 |
2.3 Company Locations and Facilities
The Fire Fountain Grille is locate in a large stand-alone building with plenty of parking next to the Acres & Acres Mall, in Electrumburg, a fast growing suburb of Starburstville.
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