Tony Grubb
Fredericksburg, VA (USA)
Role(s):
Founder/Owner/Principal
Downside Up Investments
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Startup
Location:
Fredericksburg
Industry:
Food Service/Restaurant
Year Founded:
2016
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
"S" Corporation
Description:
Purchase underperforming restaurants in busy locations, renovate, retrain and terminate employees that are underperforming. Increase wages and improve benefits for full time workers for lower turnover and increased employee loyalty. Goals include 5 restaurants year 1, then purchase 10 every year for the next 4 years. Total owned is 45 after year 5. Conservative company net worth estimate after year 5 is $280 million. Year 5 to 10 after IPO increases company net value in excess of $1 billion. $10 million investment with 20% ownership in company will yield ROI after year 5 of $46 million. Help me get this started TODAY