The story, the options,
and a place to run the numbers.

01   Where we were

We came to you for the whole thing.

When we first sat down, we asked for around $400,000 to help make all of this real: the property, the build, and getting the doors open. The idea was that you would come in as investors, either a preferred return or straight equity, and we would build this together from the start.

That was the original vision. One team, one deal, everybody pulling in the same direction.

02   Where we went

Then we split it up.

The plan shifted. JJ and Lesley would take the property and the renovation. The Vibe would carry the operating side, which meant raising our own financing for the pre-open costs and the reserve. On paper, that division looked clean. Each side owns its piece.

03   What happened

The split is what stalled us.

Here is the hard truth. That structure left us without collateral. No real estate on our side, and our own cash is largely spent getting this far. So when we took the operating financing to the banks, we could not get approved. There was nothing to secure it against.

We are not here to gloss over that. We are here because we see it clearly, and we think there is a better way through.

04   Where we are, and the ask

Back to one team, one partnership.

Which brings us back to where we started, and honestly, to a better version of it. We think the cleanest path is keeping this whole thing together: one partnership funding the entire project, instead of two separate deals working against each other.

The next two tabs lay it out: the ways this could work, and a sandbox where you can run the numbers yourself.

See the options →

05   The ask, in plain terms

What we are asking for.

Here is the whole ask in one place, so it is easy to reference:

This is a starting point for the conversation, not a final contract. The numbers on the next tabs show how it all works.