We are now in a process to give consideration to the old Rico's Pizza location in the 5th and Mangrove Shopping center. Many of you were praying for a meeting that occurred on Tuesday involving the owner and realtor.
Talked to Eric Martin (realtor) today and after their meeting, they are interested in going further in exploring us leasing the site. So good news... We are still in the game.
Eric submitted a proposal to the owner based upon our max. $5000/monthly lease figure.
Our next step will be to review this initial proposal, and decide if we want to move forward by signing a non-binding letter of intent.
This would freeze the property while we get estimates on the build out and other costs in order to see what other costs it would take for us to get into the property.
They are willing to sign-low if we are willing to cover most of the in-fill costs. Exacts on this is yet to be decided.
Once the final details are worked through, we would then would have a final decision on the lease; a go-no go signing the actual lease.
Please pray as the Leadership Team now looks at the proposal, and seeks to determine additional costs and if this is what God wants for the body.
Prayerfully,
Terry
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