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FINANCIAL DISCLOSUP~E STATEMENT
<br />ON-SALE LIQUOR LICENSE (INTOXICATING)
<br />
<br />State full names, residences, business addresses and telephone
<br />number's of the owner or owners of the building wherein the
<br />licens~ed business will be located, if the owner is other than
<br />the aDplicant (if other than new construction).
<br />
<br />SJS, Inc.
<br />~ames P. Brown, President
<br />Minneapolis, MN 55415
<br />(1612) 338-2027
<br />
<br />II.
<br />
<br />Where She building is owned by other than applicant, state in
<br />summary the condition of the lease arrangement, such as, term
<br />of le~se, monthly rental, renewal privileges, etc.
<br />
<br />~ent deposit is $20,000.00. The lease term is for three
<br />~ears with two five year options. The rent is $4,000.00
<br />per month for the three year term, $4,500.00 per month
<br />f~r the first five year option and $5,000.00 per month
<br />f~r the second five year option. Tenant will be
<br />r~sponsible for payment of real estate taxes. Lessee has
<br />option to purchase property for $400,000.00 at any time
<br />dpring lease period after the initial eighteen months of
<br />the lease agreement.
<br />
<br />Iii. Not applicable
<br />
<br />State the total cost of assets acquired to start this business
<br />including the business premises, if purchased, fixtures,
<br />furniture, equipment, merchandise for resale, cash for working
<br />capitaL, prepaid insurance, and any other assets.
<br />
<br />$47,565.00
<br />
<br />A. Of the above costs of assets acquired, state the amount
<br /> t~at is provided by the person(s) investing in this
<br /> ~ ,
<br /> bus,ness (attach proof of the source of such money).
<br />
<br /> Wendy K. Benincasa- 100% See Exhibit D
<br />
<br />Give fdll names, addresses, telephone numbers of all persons,
<br />other than the applicant, who have any financial interest in
<br />the business, buildings, premises, fixtures, furniture, or
<br />stock lin trade. State the nature of the interest amount
<br />thereo$, and the terms for payment or other reimbursement
<br />(this !shall include, but not be limited to, any leasees,
<br />lessors, mortgagors, mortgagees, tendees, lien holders,
<br />trustees, trustors and persons who have cosigned notes or
<br />otherwise loaned, pledged or extended security for any
<br />indebt%dness of the applicant).
<br />
<br />
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