We are TT's a Taco & Tequila Restaurant which started in Montauk New York in 2019. We are looking to expand into the Charleston, South Carolina market and believe our brand would be extremely profitable there. We currently have an LOI with a space in a premier location on King Street.
TTs Montauk Actuals
key highlights:
sales have increased by 80% since opening July 2019
resigning a 10 year lease in 2023 with a 5 year option
looking to expand footprint and capacity to increase sales
TTs Montauk sold 44,454 tacos, 11,502 Margaritas, 5,282 casamigos silver this season.
We are forming a corporation out of our current ownership in Montauk to combine with a year round location in Charleston, South Carolina.
We are selling a 20% stake in our Corporation & new company structure for 3.2M dollars
The Return
71.36% of TT’s Montauk profits being sent to corporate valued at 1.5M dollars
100% of TT’s Charleston profits will be sent to corporate valued at 1.7M dollars to build out and open by the following Summer of 2023.
100% of the corporate profit will be used to pay back the 3.2M by year 4
After the 3.2M is paid in full profit sharing will be 80/20 with 20% going the investor for the perpetuity of the business.
As we continue to grow the TT’s brand and add more stores in the future under the corporate umbrella equity will grow with it.
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