10/28/2022
We want to be as transparent as possible when it comes to the money we’re trying to raise. The GoFundMe is set at $65k which seems like a lot of money which it is but it’s barely more than the bare minimum of what is needed to get the doors open. Here I’ll explain the $65k.
Per the lease agreement we must have a full years worth of rent in the bank account before moving back in. This is somewhere between $30-$35k. An addition $5k(roughly) is set to be spent on paying off debt to the utilities. Now those two things which today $40k-$41k is what is needed to open the doors. ”So what about the other $15k?” well any funds raised over the initial amount to get the doors open will act as a buffer to help keep out of the red for the first couple of months.
$30-$35k : Years worth of rent
$5k : Back pay on utilities
$15k : Funds for bills for first couple of months as needed
We hope this clears some confusing.
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