Re: Fw: Rafifi acquisition
- Original Message-----
From: livio livio@alvarogroup.co.uk
To: Giuseppe Cipriani
Sent: Mon Jun 28 19:04:37 2010
Subject: Rafifi acquisition
Our understanding:
• New co. to acquire the lease of the club known as "Rafiffi" located at I5a Hay Hill London WIJ 8NX at the passing rent of Appx £50,000
• The investment appx £800,000 to cover the cost of acquiring the benefit of the remaining 15 years of the lease amounting to £360,000; the finder's fee to the agent £10,000 and the remaining to be used to refurbish the establishment, build the brand and for general working capital
• Once the investment has been repaid {LB} and {GC} to be entitled to retain 66% shares (LB-33%), (GC-33%) of the newly formed company that will hold the lease and assets of the title.
• A new company will be formed to manage the establishment and will be entitled to £200,000 per year equally divided between Livio Bisterzo (£100,000) and Giuseppe Cipriani (£100,000)
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can we speak today?
also „ dukes hotel is for sale by my friend. is there a use we can make of it.?