The Cork Bar and Grill

Business Expansion Plan

Prepared by Concerned Capital

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Oldest Night Club on West Adams

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Profile: Established Gathering Spot Since 1947

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Location is Key to our Success

Louis Armstrong

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Our Place is Famous For

…and Celebrities

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Samples from Our Menu• Deluxe Combo shrimp, catfish, red snapper and wings, served with once side order and

garlic bread • Seafood Combo catfish, red snapper and shrimp, served with one side order and garlic

bread • Chicken Combo wings, catfish, red snapper, served with one side order and garlic bread

• • Chicken Wings five wings, served with one side order and garlic bread • Hot Wings chicken drumettes, cooked with hot sauce served with one side order and garlic bread• Crab Cakes Dinner (3 crab cakes) served with potato salad or coleslaw

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Our Employees

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Success Necessitates Change

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Opportunities

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Cork Sales Strategy

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Dexter Gordon

Our Expansion Plan Consists of:• The purchase of two lots for patron parking

on our block of West Adams• The purchase of our restaurant and bar

facility at 4771 W. Adams• Construction of an new kitchen in adjacent

building at 4765 W. Adams - a building we currently own

• Renovation of a 4 unit apartment building on the 4771 W. Adams parcel we’re purchasing

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Risks if We Don’t Act Now

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The Costs

REAL ESTATE ACQUISITION - 4771 W. ADAMS - RESTAURANT 4764 W. ADAMS - PARKING LOTS

$ $

RENOVATIONS - KITCHEN CONNECTED TO 4765 W. ADAMS PARKING LOTS RESURFACED

$ $

FEES, PERMITS , INTEREST EXPENSE AND SOFT COSTS $

TOTAL PROJECT COST $

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Sources and Uses of Funds

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USE OF PROCEEDS:Land CostsBuilding CostsEquipment CostsConstruction -ComConstruction -Res.Soft Costs

Total Use of Funds 1,000,000$

SOURCE OF FUNDS;Conventional Bank Sub-DebtOwner's Equity

Total Source of Funds $1,000,000

Land Costs

Building Costs

Equipment Costs

Construction -Com

Construction -Res.

Soft Costs

We Can Afford this Expansion

•The Cork Bar and Grill is wholly owned by TriniCorp which also owns The Townhouse Bar and Grill - a 400 seat venue

•We routinely turn away as many people per night as we currently seat (110 now – 220 after expansion)

•Our parent company, (Trinicorp, LLC) is financially healthy and can repay the new debt from historic earnings

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Our Financials

• .

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Actual Actual Projected ProjectedYear 2011 2012 2013 2014

Sales

Cost of Sales

Gross Profit

Gross Profit %

Sales and General Admin.

EBITDA

PROPOSED DEBT SERVICE*

Coverage Factor #DIV/0! #DIV/0!* $ 850,000 @ 5.5% for 25 yrs

2013 reflects 1/2 yrs debt service (2012 reflects Townhouse leasehold improvements)

Manageable Growth for Trinicorp, LLC

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Thank You So Much

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Lina Horn