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Location: <br />We are currently discussing leasing options with Darrel Thompson of Riverside <br />Development in Elk River for the construction of a building adjacent to Sherwin <br />Williams between Coborns and Goodwill just north of 193rd Avenue in Elk River. We <br />are proposing 7500 square feet of occupancy with the building having 60 feet frontage <br />and a depth of 125 feet. <br /> <br />Employees: <br /> <br />Currently our plans call for 2 to 3 full time employees and 6 to 7 part time with upwards <br />of 200 weekly payroll hours. <br /> <br />Hours of Operation: <br /> <br />Proposed hours are 11:00AM to 1:00AM Monday tl~rough Thursday, 11:00AM to <br />3:00AM Friday and Saturday, and 12:00 noon to 12:00 midnight on Sunday. <br /> <br />Marketing & Promotions <br /> <br />B & B Billiards will provide various events through out the week including but not <br />limited to local nine ball and eight ball tournaments, junior events (primarily 17 and <br />under), promote in house and travel league play, and the ever popular ladies night. We <br />hope to promote an in house 14-1 league. We will be handicap accessible and offer <br />senior discounts. Lessons will become available frOm certified instructors. Our <br />advertising budget will include monthly adds in Chalk Talk, Elk River Star News and <br />other local community papers, along with fliers posted in Elk River and the surrounding <br />communities. Since we are both non-smoking and no alcohol we hope to attract a wide <br />range of age groups while promoting the sport of playing pool. <br /> <br />Insurance: <br /> <br />MG & MT Services Inc. will carry 1 Million in liability coverage, 300K in property and <br />contents coverage, and workers compensation for all wages. <br /> <br />Financing: <br /> <br />Currently seeking $150,000 Small Business Loan with Wells Fargo Bank. Wells Fargo <br />has verbally agreed to the loan requesting 30% equity in the company for a start up. We <br />fully expect to combine sufficient equity with this small business loan to meet our <br />purchasing and operational needs. <br /> <br /> <br />