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The space was formerly a restaurant and the layout is perfect for the proposed kitchen.The commercial loan proceeds will be used to purchase the majority of the kitchen equipment including two stoves and ovens, one walk in refrigerator, a freezer, two microwaves and a deep fryer.
The commercial loan will be secured by UCC filings on all furniture fixtures and equipment. To date the owners have contributed $59,512 or 42% equity in the business. The owners specifically sought this location because the demographics aligned with their target customer.
The source of repayment for both loans will primarily be cash flow from the bar and secondary source of repayment will be recourse to the owners. The 1,400 square foot Neighborhood Bar and Grill will be located in the Shoppes at Cresthaven located at 2601 South Military Trail in West Palm Beach, Florida.
This is not only reflected in the outstanding service – it is because management personally culls and trains each employee putting them in the position that is ideally suited for them.
Integrity – In the spirit of all great bartenders, treat each customer with utmost respect and professionalism.
The walls are adorned with a hodgepodge collection of memorabilia from the local area - many donated by Mr.
Davis’ wine bar patrons including two cigar store Indians, an antique bear claw and 1950’s coca cola signs.
The loan will be secured by UCC filings on all inventories, and accounts receivables.
Further, the owners are seeking a commercial loan in the amount of ,000 to purchase kitchen equipment, supplies and bar supplies.
The bar will have a small central stage and provide the site for jazz musicians and open mic nights on the weekends. The Neighborhood Bar and Grill is a registered C-Corporation, owned equally by Ben Davis, Roberta Gary and Danny Zinn, doing business in the State of Florida.
The NB&G is C-Corporation, owned equally by Ben Davis, Roberta Gary and Danny Zinn. Davis has 20 combined experience years in management and operations. Following is a summary of required funds to establish the business: Tenant improvement costs have been in the form of new heating/air conditioning, electrical, plumbing, painting, carpentry, flooring and smoke detectors.