transformation - e.g. woode · both boards will have a makeup of e.g. woode & hanns ......

10
OF REAL ESTATE INTO A TOOL FOR SOCIAL CHANGE TRANSFORMATION

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Page 1: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

OF REAL ESTATE INTO A TOOL FOR SOCIAL CHANGE

TRANSFORMATION

Page 2: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

We are low-profit limited liability companies (L3C), which is a social enterprise venture that has a stated goal

of performing a socially beneficial purpose that supersedes maximizing profits.

Page 3: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

Stabilize underdeveloped communities and stimulate

economic growth by collectively organizing entrepreneurs and

business owners to restore commercial and retail corridors.

4

MISSIONS & OBJECTIVES

Stabilize underdeveloped communities through the

restoration of blighted properties.

Established to help relieve the disparities of capital access that

minority and small businesses experience. Our platform is an

incubator for entrepreneurs and small business owners to

leverage the power of real estate and aid in the development

of their businesses by enhancing their operations, marketing,

and branding strategies.

We leverage human capital -- physical and intellectual labor -- as a

tool for investment in real estate. We provide all individuals of any

skill level or any sector with the opportunity to invest in real estate

by transforming their labor hours into equitable shares. The share

structure that we utilize not only allows the organization to rapidly

enrich our society with desirable housing, but also to extend

socioeconomic gains to our shareholders and stakeholders.

Page 4: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

Identifies small businesses and entrepreneurs and accelerates

their growth not only through the development of real estate,

but also infusing them with expert marketing, branding,

operations and strategy consulting.

5

GOVERNANCE & OPERATIONS

Recruits, trains and develops community residents to work

alongside licensed tradespeople, architects, engineers,

lawyers, photographers, etc. in a manner that merges

apprentice, investment and career development into a single

entity.

A Board of Directors will be selected for each entity. Both boards will have a makeup of E.G. Woode & Hanns

& Erving members respectively, community and institutional leaders, professionals from real estate,

architecture, retail and community stakeholders.

Page 5: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

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KEY FEATURES

EXECUTES CONSTRUCTION

DEVELOPS RESIDENTIAL PROPERTIES

DEVELOPS COMMERCIAL/RETAIL PROPERTIES

RECRUITS ENTREPRENEURS

PROFESSIONAL CONSULTING

YOUTH DEVELOPMENT & TRAINING

GROWS LOCAL TALENT

REMOVES BLIGHTED PROPERTIES

ADVISED BY THE COMMUNITY

PROVIDES ACCESS TO EMPLOYMENT

CREATES ORGANIC JOB GROWTH

Page 6: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

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THEIR PARTNERS

Powell’s Barbershop

is a cooperative barbershop

and college.

Marie | Wesley

is a retail consignment

boutique.

Beehyyve

is an architectural,

engineering and construction

firm.

Ellie’s Urban Grill

is a fast casual urban dining

experience.

Together, these five companies create a collaborative environment for each of their businesses to thrive. Real estate is their catalyst,

and their ability to collaborate optimizes their operations and increases their capacity to service their customers.

Each company will require a minimum of $20,000, but up to $50,000 in capital/loans to run operations and acquire furniture &

equipment.

Englewood Kitchen

is an accelerator for bakers,

chefs to open stand alone

restaurants.

Page 7: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

8

STATUS - E.G. WOODE

Identified two

properties. 1009 & 1122

W. 63rd Street

Raised $115,000* in

investment capital.

*Capital to be invested

via Hanns & Erving

Will initiate construction

in February 2018.

Hanns & Erving will serve

as the general

contractor. Beehyyve as

A&E

Has strong community

and stakeholder

relationships.

Scouting existing multi-

family homes for initial

pilot project

Raised $115,000* in

capital. *Capital to be

used to invest in E.G.

Woode.

Recruitment will begin in

October 2017. Training

will commence in

December/January.

Will begin E.G. Woode

Project Construction in

Feb 2018. Initial Pilot

Project May 2018.

Has strong community

and stakeholder

relationships.

Process of developing

and finalizing operating

agreement

Final draft of operating

agreement will be

available October 2017.

Page 8: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

9

FINANCIAL NEEDS

Overhead & Expenses $15,000 $15,000

Legal & Insurance $44,500 $49,500

Property Acquisition $500,000 $25,000

Recruitment & Training $0 $50,000

Wages $30,000 $93,000

Wage Benefits $4,500 $13,500

Redevelopment Cost ($500k reimbursable) $750,000 $0

Building Materials $0 $60,000

Vehicles & Equipment $40,000 $80,000

Contingency $0 $20,000

Total $1,384,000 $406,000

Page 9: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

10

PROSPECTIVE IMPACT

38 New Local Jobs (E.G.W.)

115 Part Time Construction

Jobs (H & E)

Workforce Development

Expert Training in

Architecture, Engineering &

Construction

5 Local Entrepreneurs

3 Startups

4 New E.G. Woode Businesses

to Join in 2018 (Englewood,

North Lawndale, Garfield

Park)

*$15 Compulsory Minimum

Wage

Socioeconomic Development

Strategy

Building Strong Economic

Corridors

Phase I of the Revitalization of

63rd Street Commercial

Corridor

Initiate Curiosity in the

Development of Real Estate

Provide Technical Assistance

to Small Businesses and

Contractors

*Prerequisite for all members of E.G. Woode.

Both organizations are designed for maximum impact on the health and wellbeing of the communities that they serve. Together, they

address major issues without sacrificing many of the economic or social burdens that often accompany traditional development.

Pilot Model for Neighborhood

Development

Publish Model and Develop

Practical Systems for Other

Communities

Emphasize the Importance of

Real Estate Both Socially &

Economically

Page 10: TRANSFORMATION - E.G. Woode · Both boards will have a makeup of E.G. Woode & Hanns ... Ellie’s Urban Grill is a fast casual urban dining experience. ... Final draft of operating

LOCATIONEnglewood | Chicago, IL

PHONEO. (312) 877-6747 M. (773) 954-1416

[email protected] [email protected]

WEBSITEwww.egwoode.com www.hannserving.com

CONTACT