- Category
- Leasehold Improvements (Construction)
- Original
- $220,000
- Updated
- $905,043
- Variance
- +$685,043
- Spent
- $0
- Remaining
- $905,043
- Status
- Moss GC bid — full amount outstanding; no construction draws paid yet
Budget: Original vs. Updated
Based on contractor quotes received (Moss Development as GC) — February 2026
Original Budget
$600K
Updated Total
$1391K
Total Potential
$1.62M
Incl. HST + contingency
Shortfall
$1203K
Budget Comparison (categories > $5K)
Full Updated Budget
- Category
- Architecture, Engineering & Interior Design
- Original
- $0
- Updated
- $113,535
- Variance
- +$113,535
- Spent
- $113,535
- Remaining
- $0
- Status
- Moss architecture redesign + engineering; pre-construction — complete
- Category
- Millwork / Cabinetry (Bar + Banquette)
- Original
- $0
- Updated
- $25,000
- Variance
- +$25,000
- Spent
- $0
- Remaining
- $25,000
- Status
- Crown Cabinets — bar + banquette + HST
- Category
- Kitchen Equipment
- Original
- $100,000
- Updated
- $100,000
- Variance
- —
- Spent
- $68,212
- Remaining
- $31,788
- Status
- Substantially complete
- Category
- Smallwares
- Original
- $5,000
- Updated
- $5,000
- Variance
- —
- Spent
- $0
- Remaining
- $5,000
- Status
- Complete
- Category
- Plateware
- Original
- $4,000
- Updated
- $4,000
- Variance
- —
- Spent
- $0
- Remaining
- $4,000
- Status
- Not yet purchased
- Category
- Glassware
- Original
- $2,000
- Updated
- $2,000
- Variance
- —
- Spent
- $0
- Remaining
- $2,000
- Status
- Not yet purchased
- Category
- Cutlery
- Original
- $3,000
- Updated
- $3,000
- Variance
- —
- Spent
- $1,379
- Remaining
- $1,621
- Status
- Not yet purchased
- Category
- Initial Inventory
- Original
- $33,000
- Updated
- $33,000
- Variance
- —
- Spent
- $3,806
- Remaining
- $29,194
- Status
- Partial — bulk on order closer to open
- Category
- Overhead (POS, Tech)
- Original
- $50,000
- Updated
- $12,000
- Variance
- $-38,000
- Spent
- $5,824
- Remaining
- $6,176
- Status
- POS terminals purchased
- Category
- Marketing / Branding
- Original
- $25,000
- Updated
- $15,000
- Variance
- $-10,000
- Spent
- $7,190
- Remaining
- $7,810
- Status
- JAC year contract terminated
- Category
- Working Capital (Startup Cash)
- Original
- $30,000
- Updated
- $30,000
- Variance
- —
- Spent
- $30,000
- Remaining
- $0
- Status
- Deployed
- Category
- Legal & Accounting
- Original
- $2,500
- Updated
- $12,500
- Variance
- +$10,000
- Spent
- $10,502
- Remaining
- $1,998
- Status
- Cox & Palmer — higher than expected
- Category
- Licenses & Permits
- Original
- $5,500
- Updated
- $5,500
- Variance
- —
- Spent
- $300
- Remaining
- $5,200
- Status
- Liquor license + permits
- Category
- Staffing (Pre-Open Training)
- Original
- $18,000
- Updated
- $18,000
- Variance
- —
- Spent
- $0
- Remaining
- $18,000
- Status
- Training allocation
- Category
- Contingency / Misc
- Original
- $2,000
- Updated
- $2,000
- Variance
- —
- Spent
- $2,000
- Remaining
- $0
- Status
- Reserved
- Category
- Unseen Startup Costs
- Original
- $0
- Updated
- $10,000
- Variance
- +$10,000
- Spent
- $0
- Remaining
- $10,000
- Status
- IT, insurance, uniforms, deep clean — see detail
- Category
- Working Capital Reserve
- Original
- $100,000
- Updated
- $30,000
- Variance
- $-70,000
- Spent
- $0
- Remaining
- $30,000
- Status
- Held for operating runway
- Category
- Security Camera System
- Original
- $0
- Updated
- $3,500
- Variance
- +$3,500
- Spent
- $0
- Remaining
- $3,500
- Status
- 4–5 IP cameras + NVR + professional install; not yet purchased
- Category
- Patio Construction (Semi-Permanent, 40-Seat + Speed Bar)
- Original
- $0
- Updated
- $61,564
- Variance
- +$61,564
- Spent
- $0
- Remaining
- $61,564
- Status
- See Patio Build tab — semi-permanent wood deck patio; mid-estimate incl. contingency
| Category | Original | Updated | Variance | Spent | Remaining | Status |
|---|---|---|---|---|---|---|
| Leasehold Improvements (Construction) | $220,000 | $905,043 | +$685,043 | $0 | $905,043 | Moss GC bid — full amount outstanding; no construction draws paid yet |
| Architecture, Engineering & Interior Design | $0 | $113,535 | +$113,535 | $113,535 | $0 | Moss architecture redesign + engineering; pre-construction — complete |
| Millwork / Cabinetry (Bar + Banquette) | $0 | $25,000 | +$25,000 | $0 | $25,000 | Crown Cabinets — bar + banquette + HST |
| Kitchen Equipment | $100,000 | $100,000 | — | $68,212 | $31,788 | Substantially complete |
| Smallwares | $5,000 | $5,000 | — | $0 | $5,000 | Complete |
| Plateware | $4,000 | $4,000 | — | $0 | $4,000 | Not yet purchased |
| Glassware | $2,000 | $2,000 | — | $0 | $2,000 | Not yet purchased |
| Cutlery | $3,000 | $3,000 | — | $1,379 | $1,621 | Not yet purchased |
| Initial Inventory | $33,000 | $33,000 | — | $3,806 | $29,194 | Partial — bulk on order closer to open |
| Overhead (POS, Tech) | $50,000 | $12,000 | $-38,000 | $5,824 | $6,176 | POS terminals purchased |
| Marketing / Branding | $25,000 | $15,000 | $-10,000 | $7,190 | $7,810 | JAC year contract terminated |
| Working Capital (Startup Cash) | $30,000 | $30,000 | — | $30,000 | $0 | Deployed |
| Legal & Accounting | $2,500 | $12,500 | +$10,000 | $10,502 | $1,998 | Cox & Palmer — higher than expected |
| Licenses & Permits | $5,500 | $5,500 | — | $300 | $5,200 | Liquor license + permits |
| Staffing (Pre-Open Training) | $18,000 | $18,000 | — | $0 | $18,000 | Training allocation |
| Contingency / Misc | $2,000 | $2,000 | — | $2,000 | $0 | Reserved |
| Unseen Startup Costs | $0 | $10,000 | +$10,000 | $0 | $10,000 | IT, insurance, uniforms, deep clean — see detail |
| Working Capital Reserve | $100,000 | $30,000 | $-70,000 | $0 | $30,000 | Held for operating runway |
| Security Camera System | $0 | $3,500 | +$3,500 | $0 | $3,500 | 4–5 IP cameras + NVR + professional install; not yet purchased |
| Patio Construction (Semi-Permanent, 40-Seat + Speed Bar) | $0 | $61,564 | +$61,564 | $0 | $61,564 | See Patio Build tab — semi-permanent wood deck patio; mid-estimate incl. contingency |
Cash Requirement Summary
Updated total project cost$1,390,641
+ Construction HST (15%)$135,756
+ Change order allowance (10%)$90,504
Total potential cost$1,616,902
Less: Cash spent to date-$242,749
Remaining cash requirement$1,374,153
Cash in bank (Feb 26)$413,864
Surplus / (Shortfall)($1,203,038)