Attached files
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| 8-K - FORM 8-K - Southern Concepts Restaurant Group, Inc. | ribs_8k.htm |
Exhibit 99.1
The Bourbon Brothers expansion plan will begin in the second half of 2014, and accounts for the rollout of the of the 53 Peaks concept, to include the commencement of operations for two new locations of this concept in 2014. Management expects growth during 2015 to be represented by three new 53 Peaks locations and one new BBSK location.
Based on the site selected for 53 Peaks #1, the Company believes the average 53 Peaks store will generate $2,500,000 in revenue and earn 10% in Operating Income.
Management is anticipating a cash outlay of roughly $800,000 per each new location with $550,000 considered FF&E and $250,000 as pre-opening expenses, which are currently planned to be distributed over the three months preceding the commencement of operations at each new location followed by one month after operations begin.
Management expects the first BBB licensed products will be offered in 2015 with the initial products to include a single-barrel bourbon, cigars and BB Southern Kitchen Sauces, Spices, and Rubs.
BBHC anticipates initiating franchise sales during 2015.
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BOURBON BROTHERS HOLDING CORPORATION
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2014
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2015
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Q4
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Q1
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Q2
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Q3
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Q4
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Total
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BBSK #1 Operating Income 51% to Parent Company
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49,128
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4,698
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10,649
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20,890
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25,055
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110,420
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53 Peaks LT Operating Income 100% opening Oct 2014
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41,207
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15,921
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38,553
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61,810
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61,810
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219,302
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53 Peaks 144th Operating Income 100% opening Dec 2014
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-
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16,575
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58,500
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65,264
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72,394
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212,733
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53 Peaks #3 Operating Income 100% opening Mar 2015
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-
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-
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32,114
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63,476
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67,120
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162,710
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BBSK GoG Operating Income 100% opening June 2015
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-
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-
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-
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33,413
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46,491
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79,903
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53 Peaks #4 Operating Income 100% opening Aug 2015
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-
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-
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-
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-
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67,120
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67,120
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53 Peaks #5 Operating Income 100% opening Oct 2015
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-
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-
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-
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-
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33,560
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33,560
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SH Denver Operating 51% to Parent Company
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7,889
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7,100
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13,254
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13,254
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7,889
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49,386
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Operating Income from Restaurants
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98,224
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44,294
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153,069
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258,107
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381,440
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935,135
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Franchisor Net Revenue & Expenses TBD
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-
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-
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-
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-
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-
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-
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Branding Net Revenue & Expenses TBD
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-
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-
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-
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-
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-
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-
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Preopening Expenses for 53 Peaks LT opening Oct 2014
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(250,000
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)
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-
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-
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-
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-
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(250,000
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)
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Preopening Expenses for 53 Peaks 144th opening Dec 2014
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(200,000
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)
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(50,000
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)
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-
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-
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-
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(250,000
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)
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Preopening Expenses for 53 Peaks #3 opening Mar 2015
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-
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(200,000
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)
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(50,000
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)
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-
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-
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(250,000
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)
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Preopening Expenses for BBSK GoG opening June 2015
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-
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-
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(200,000
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)
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(50,000
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)
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-
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(250,000
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)
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Preopening Expenses for 53 Peaks #4 opening Aug 2015
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-
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-
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-
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(250,000
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)
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-
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(250,000
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)
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Preopening Expenses for 53 Peaks #5 opening Oct 2015
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-
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-
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-
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-
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(250,000
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)
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(250,000
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)
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Corporate and Administrative Expenses
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(373,523
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)
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(362,436
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)
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(337,308
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)
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(341,465
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)
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(344,464
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)
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(1,759,197
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)
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Operating Expenses Outside of Restaurants
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(823,523
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)
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(612,436
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)
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(587,308
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)
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(641,465
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)
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(594,464
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)
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(3,259,197
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)
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Consolidating Operating Income
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(725,299
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)
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(568,142
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)
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(434,239
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)
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(383,358
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)
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(213,024
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)
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(2,324,063
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)
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