Sweet news -- I'm going to film for the original version of Shark Tank, the Canadian one -- Dragon's Den.
I will be pitching a NEW restaurant/bar/comedy club. We will be bringing in TOP celebrities and comedians from the USA -- mostly LA, to sell out our club. Big profits.
I need some capital to get started here..
* plane tickets and hotel for these comedians
* minor renovations
* venue costs/small renovations to performance hall (seats 600 right now)
I don't know what to offer the investors and what to ask for.
I was hoping for a ticket royalty/loan. $25,000 -- they get $5 from every ticket and $1 from every restaurant meal until they get their money back. Once they have been refunded in full they will have a lifetime royalty of $2.00/ticket.
What do you guys think? Am I smart to do the royalties and not offer equity, or do I have it backwards?
We already have the PERFECT VENUE to go -- just need to sign the lease and order an LED sign!
Let me know what you guys are thinking!