My exit strategy...

[Bjorn74]

This is a Kickstarter we sponsored last month. They surpassed their goal by nearly 10% on Nov 1. The band is made up of friends I was in the Music Conservatory with and fraternity brothers. When they started this band back in college, I thought it was just something for fun, but most of these guys are still full time musicians.

[Bjorn74]

This is the link I meant to put in there.

I won't ask you guys to contribute to mine because you all live too far away for it to worthwhile. Plus, I'd probably comp you guys, anyway.

[Bjorn74]

Finally got the video done. Campaign launches later today, hopefully.

http://www.youtube.com/watch?v=sgTh5mjtLs0

[Cubfan]

Southern Indiana... banjos... coincidence??? Just kidding, nice work. I'd like to see that pizza a little crisper looking though. Could we have a Krust Kluge?

[Bjorn74]

Originally Posted by Cubfan

Southern Indiana... banjos... coincidence???

Don't forget that the Grateful Dead was a Bluegrass band...
The bill Monroe Music Festival is about 20 minutes from here. Better to embrace the culture than deny it. But these parts are more for the artsy Bluegrass fans, not the gun totin' ones. Your brewing buddy is about to learn all about that.

Just kidding, nice work. I'd like to see that pizza a little crisper looking though. Could we have a Krust Kluge?

Well, yeah. Only the one pizza was mine. The boys make less of a mess when it's more chewy. When we get the real oven, they'll take a whole new form.

JeffB started the crust kluge. I actually use those proportions. 3 parts flour, 2 parts water.

[Bjorn74]

Filed the corporation documents today. Having a pizza party on Wednesday to launch the fundraising campaign. It's going to be a busy month trying to get verbal agreements on paper and getting my Mother-in-Law to say exactly how much she wants to invest. The rest has to come from a bank. She was looking at buying a restaurant with a liquor license a couple years ago ($500,000), so I'm not sure what she has in mind.

[Bjorn74]

A month ago, my mother-in-law was adamant that I tell her how much money she'd need to contribute to buy into the pizza business. Now that I've told her how much I need and that I'd be happy to get any portion of it, nothing. Completely silent. I should have used this strategy several years ago.

She almost spent $250,000+ to buy a crappy dive on the lake where they have a cottage. She'd have been in close to a million had she done what she wanted to do and would have very little chance to see a return for 20 years. My projections show a profit year one based on very conservative sales numbers. Jeff seems to be really happy with his income and I can see why. Pizza is cheap.

[Bjorn74]

Well, the business plan is done and polished. I've been looking at leases and conventional trailer loans. Nothing's working out that way, so the business plan, financials and supporting data have gone off to bank #1 for refusal. I chose this one based on their reputation for turning down loans with enough documentation to fix it and either bring it back to them for approval or take it somewhere else with much more likelihood. It sounds like they rarely approve loans but they help you get the money elsewhere without any problems. And they're quick about it.

I'm about a month behind where I wanted to be. That's not too bad, but I'll probably not get the oven until July at this rate.

[Bjorn74]

Well, that didn't work. Time to look at other ways to make this happen.

[Bjorn74]

We have funding. The cash should be here tomorrow and I'll send a lot of it to the oven builder right away. Looking to start selling pizza before the end of June, but we're pushing it right now. Wish me luck.