Saturday, March 1, 2014

And We're Waiting

We submitted our loan application for an SBA loan.  We’re hoping the loan comes back with a big ole APPROVED written across it.  While we’re waiting on the bank’s thumbs up or thumbs down you may wonder what we’re up to…  so here it is.  We’ve visited our friends at the City of New Orleans to try and figure out that process.  Apparently, the building will almost have to be ready for occupancy prior to receiving an Occupational License which means the business owner has to take a lot of financial risk before being approved to do business in the City that Care Forgot.  And, New Orleans does have a progressive One Stop Shop for permitting and everyone was extremely friendly (what a nice surprise) but the process on the City’s website isn’t accurate (shocking, right?).



So we’ve had our architect draw the building’s footprint.  It’s 12,000 square feet of multiple possibilities.  So how do you design a brewery layout with thinking about future expansion and without spending a ton of money on plumbing upgrades?  We’re working with our team trying to figure this out.  The great news is that the Lafitte Corridor Rails to Trails construction is set to begin in 2014.  Wouldn’t it be beautiful if we could open in conjunction with the opening of the bike path (assuming the bike path does actually happen in 2014).  We really like the look of Great Raft’s brewery in Shreveport which means a road trip is in the near future.



We’re also updating our business plan.  Our finance genius has advised that we’re giving away too much of our long term strategy and that potential investors may yawn at its length.  That said, every hour we put into the plan was worth it and we love that we really dove down into the details.



Outside of the business plan updates, the actual footprint of the building and working with the TTB, we’re also ordering some swag to give away at Jazz Fest.  If you’re interested in a t-shirt and you are one of the first 15 people to email within the next thirty days with your address and let me know you read this blog and I’ll mail you a t-shirt in a few weeks.

Cheers for now,

Karen

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