Steven Weronik, the Founder of Legends Grill CT is seeking a total of Three Million Five Hundred Thousand Dollars ($3,500,000) from an investment group, for 50% ownership in Legends Grill CT, a unique upscale family sports concept restaurant, to be located in the Wallingford CT area. This money will be used specifically to purchase the site and complete the Building Construction including all Fixtures, Furniture and Equipment.
Steven Weronik who along with a group of private investors, have already pledged Seven Hundred and Fifty Thousand Dollars ($750,000 ) or 30 Units at $25,000 per unit, to cover the organizational expenses for the business inception, Grand Opening and the first three months of operational costs. This private group will hold the other 50% of total stock.
The (2) story standalone 12,000 sf slab on grade “Green” building design will feature concrete tilt exterior walls with brick face, structural steel posts and beams, poured concrete decks and stairs, (3) stop elevator, high performance commercial aluminum doors and windows, and partially sloped EPDM roof.
The (4) four distinct dining rooms and exterior courtyards will be able to seat 370 customers at a time.
The FUTURES Room, XBOX EA Sports Mezzanine Theater and its courtyard can seat up to 75 customers.
The ALL-STATE Sports Bar and its courtyard can seat up to 150 customers.
LEGENDS LOUNGE can seat up to 65 customers.
The HALL of FAME Dining and BanquetRoom can seat up to 60 customers for diner and 80 customers for banquets.
The company has forecast its first year to achieve approximately $7.5 million dollars in Annual Sales, with costs and expenses estimated at $6.0 million dollars and net income of $1.5 Million Dollars.
This financial forecast presents, to the best of management’s knowledge and belief, the Company’s expected financial position, results of operations and cash flows for the forecast period. Accordingly, the forecast reflects management’s judgement as of July 14, 2017, the date of this forecast, of the expected conditions and its expected course of action. The assumptions enclosed herein are those that management believes are significant to the forecast. There will usually be differences between forecast and actual results, because events and circumstances frequently due not occur as expected and those differences may be material.