This is intended to be an exhaustive view of all costs required to open this additional location. The original $1.08M budget was for an earlier version of the buildout. The final scope included moving plumbing to the new counter, building banquettes, and upholstery, which drove much of the OSD construction overrun.
The single largest overrun. Much of the OSD overage was the decision to move plumbing to the new counter and build banquettes with upholstery, which were not in the original scope.
| Category | Line Item | Budget | Actual | Delta | Notes |
|---|---|---|---|---|---|
| Lease & Key Money | Key Money | $125,000 | $125,000 | $0 | |
| Key Money Sales Tax (NYS) | -- | $11,094 | +$11,094 | Unbudgeted | |
| Security Deposit | $48,000 | $66,000 | +$18,000 | ||
| Kutak Rock (lease legal) | -- | $13,020 | $0 | ||
| Helbraun Levey (SLA / liquor license) | -- | $11,500 | $0 | ||
| Insurance (pre-opening) | -- | $5,272 | -- | Paid by Matt | |
| $198,020 | $231,886 | +$33,866 | |||
| Pre-Opening Labor | PS Toast Payroll (Mar 10-29) | -- | $50,312 | -- | 3 weeks, Park Slope location |
| PS Staff Training at Wburg (Mar 9-21) | -- | $14,916 | -- | 33 employees, 1,125 hours (7shifts/Toast) | |
| Caroline Fidanza (culinary training) | -- | $16,000 | -- | ~$2K/wk x 8 weeks | |
| GM Recruitment (Patrice Franchising) | -- | $13,500 | -- | Sylvie Haines | |
| Indeed Recruiting Ads | -- | $5,844 | -- | 13 weekly charges, Ramp S&E | |
| Lhia Feb Salary at Wburg | -- | ~$5,154 | -- | 192 hours, est. $1,288/wk (7shifts) | |
| Training Role Punches at Wburg | -- | $4,525 | -- | 10 employees, 269 hours (7shifts) | |
| -- | $110,251 | -- | Not in original budget | ||
| Design & Eng. | ABO Architect | $54,600 | $61,305 | +$6,705 | 5 invoices |
| Concept Design Group | $13,000 | $20,240 | +$7,240 | DOB permits, expediting, special inspections | |
| Cocozza Pre-construction | $17,100 | $17,100 | $0 | Complete | |
| KDS Kitchen Design | $20,000 | $12,900 | -$7,100 | ||
| DOB Filing Fees | $5,000 | $6,408 | +$1,408 | ||
| $109,700 | $117,953 | +$8,253 | |||
| Construction | OSD Builders (GC) | $250,000 | $371,353 | +$121,353 | Plumbing relocation, banquettes, upholstery |
| OSD Carpentry T&M | -- | ~$28,000 | -- | Estimated | |
| Hot Water Repairs | -- | $9,510 | +$9,510 | Pre-construction plumbing | |
| AGSD Construction | -- | $6,100 | +$6,100 | Unbudgeted | |
| Alberto Barreto | -- | $2,952 | +$2,952 | Unbudgeted | |
| $275,000 | ~$418,000 | +$143,000 | |||
| Kitchen Equip. | Singer Equipment | $265,000 | $261,466 | -$3,534 | |
| Singer Change Orders | -- | $20,567 | +$20,567 | CO4 + CO5 | |
| Edward Don (smallwares, packaging & chemicals) | $25,000 | $16,406 | -$8,594 | Still accumulating | |
| $290,000 | $298,439 | +$8,439 | |||
| Lighting & Covers | Studio DXD | -- | $27,687 | +$27,687 | All 4 invoices paid |
| NY City Blinds | -- | $7,181 | -- | Paid | |
| -- | $34,868 | -- | Was inside FF&E budget | ||
| FF&E | Tables, Chairs, FF&E | -- | $18,004 | -- | Sarah sourced |
| The Miroddi Group | -- | $3,405 | -- | Paid | |
| $58,000 | $56,277 | -$1,723 | Combined w/ lighting | ||
| Signage | Noble Signs | $10,000 | $23,408 | +$13,408 | $21,500 outstanding |
| NYC Signs & Awnings | $10,000 | $5,212 | -$4,788 | ||
| $20,000 | $28,620 | +$8,620 | |||
| Security & IT | No Fear (Park Slope) | $23,000 | $22,132 | -$868 | On budget |
| Toast POS Hardware | -- | $6,126 | +$6,126 | ||
| $23,000 | $28,258 | +$5,258 | |||
| Marketing & PR | Mona Creative | $33,000 | $27,500 | -$5,500 | 5 invoices at $5,500/mo |
| $33,000 | $27,500 | -$5,500 | |||
| Fire Safety | Done Right (construction) | -- | $12,561 | +$12,561 | Fire suppression, Ansul system |
| $0 | $12,561 | +$12,561 | |||
| Ramp S&E | Supplies, misc (non-Indeed) | -- | $3,363 | +$3,363 | Amazon $1.7K, Home Depot $248, misc |
| $0 | $3,363 | +$3,363 | CSC $1.9K, DOB $660, misc $180 in Pre-Opening | ||
| TOTAL | $1,082,900 | ~$1,238,000 | +$155K (+14%) |