Revenue Trend
Key Metrics by Year
Revenue by Location (Jan-Sep 2025 vs 2024)
Balance Sheet — October 31, 2025 S3
Books vs Tax Return Reconciliation
2023
2024
Audit Findings & Data Quality
Total Events
59
Total Guests
7,261
Deposits Collected
$123,564
Forward liability — transfers to buyer
Pipeline (Event Actual)
$535,034
Grand Total (w/ fees)
$656,528
Amount Due
$486,487
Avg Event Revenue
$9,068
Avg $/Guest
$90.42
Monthly Pipeline (Apr 2025 – Jun 2026)
Venue Distribution
All 59 Events
Year 1 Pro Forma — Gauthier/Gammie Venue-Only Model
Base Case Net Income
$195K
With $200K sublease
Payback Period
2.6 yr
On $500K purchase
Without Sublease
~$0
Barely break even running restaurant
Catastrophe Scenario
($170K)
No sublease + can't close restaurant
Revenue Build
Expense Build
Sensitivity Analysis
Working Capital at Close
Top Risks — Ranked
Scenario D: Minimum Viable Concession — "The Counter at the Terminal"
If the sublessee fails: a single-employee counter café on the historic Art Deco lunch counter. Not a restaurant — curated infrastructure that satisfies the lease while keeping costs radically low.
Concession Revenue (Y1)
$44,640
25 customers/day, prices 20% below market
Total Revenue (w/ Events)
$714,364
Net Income (Y1)
($4,438)
Loss — understood. Still $88K better than full restaurant.
Net Income (Y2)
$77,390
40 cust/day, 6.5yr payback from Y2
Employees
1.14
vs 30+ for full restaurant
Equipment / Buildout
$30,000
One-time (counter reno, espresso, display, signage)
Blended COGS
~25%
Coffee dominates at 92%+ margin
Control Level
FULL
No sublessee dependency
Comparable Operations
Menu & Margins
P&L — Scenario D vs All Others
Scenario Comparison
Strategic Advantages
After-Hours: Smart Fridge + Premium Aviation Grab-and-Go ("The Hangar")
Airport Operations
78,080/yr
214/day, 88% general aviation
Smart Fridge Cost
$7,000
Micromart AI-vision unit, $125/mo software
After-Hours Rev (Y1)
$48,950
~10 sales/day, premium mix
After-Hours Net (Y1)
$15,391
Turns D from loss to profit