JAMES watson
gainesville, GA (USA)
Role(s):
Active Funding Request
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C-Level Executive (CEO, CFO, etc.)
Lancaster Energy
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Startup
Location:
Atlanta
Industry:
Food Service/Restaurant
Year Founded:
2010
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
PROFITABLE BRANDS, LLC Will develop, operate and sell several new and exciting fast casual restaurants and pubs. They are proven franchises with high profits and less than .05% closure rates. They have strong management and appealing demographics. Inc. magazine ranks the fast casual dining as the 8th best business to get into.
The Tilted Kilt is one of the fastest growing concepts in America, and it’s upbeat fast casual pub atmosphere has made it the fastest growing concept in America. It’s closest competition, Hooter’s has lasted 28 years with a dated concept , dated server costumes and poor food.
Boneheads is a very inexpensive and quick fast casual dining concept that delivers grilled fish and chicken with 5 mouthwatering sauces creating 5 different entrée’s for every type fish or chicken.
Currently, fast casual is the most popular food concept on the planet. It is averaging 35 percent growth each of the past 2 years. The fast casual restaurant industry outperformed all other categories of the restaurant industry in 2009 and 2010. It’s cheap price, fun and relaxed atmosphere appeals to a wide base of people. Both of these concepts average a 20% net profit of gross sales. Profitable Brands, LLC intends to pay back principle and interest in 5 years at a 8% interest rate paid annually and repaid monthly and 25% of profits paid monthly. The average rate of return annually would be around 13%-15% per annum consistently with full repayment of loan in 5 years. Management has 80 years of experience collectively in real estate finance and acquisition, franchise development, sales, and operation of fast casual concepts in a multistate environment.