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friesDAOfriesDAOby0xAa4279b9364C541ffe47E53f1a8c8BDb7A78ec110xAa42…ec11

Should we move forward with a Subway (store candidate #2) with further due diligence towards acquisition intent and site visit?

Voting ended almost 4 years agoSucceeded

One of the store candidates for acquisition consideration is a Subway in West Palm Beach, Florida in the US. The confidential details, price, and financials were posted in the members-only prospect data channel for $FRIES holders. This store's asking price may fulfill our initial treasury spend appetite as the first purchase.

Members should assess the store information and provided financials in Discord, and decide whether this would be a viable candidate to consider for acquisition intent.

Should we:

Option A: Move forward with due diligence towards acquisition intent Option B: Reject this store candidate

If Option A is selected, then the community's franchising advisory team, which includes @Mustard&Ketchup, @Tobrane, and @PizzaGuy and others, will move forward with additional due diligence towards the objective of acquisition. Furthermore, there may be an opportunity for a member to physically visit the store during the upcoming Bitcoin 2022 conference in Miami, which will be done on behalf of friesDAO should this proposal pass. Since this conference occurs on April 6-9, this proposal deadline shall be April 4th to allow sufficient logistics planning.

This is a reminder that all store provided data is confidential and should remain within the designated members only discussion channels for $FRIES holders.

Off-Chain Vote

A: Move with acquisition intent
69.63M FRIES97%
B: Reject this store candidate
2.15M FRIES3%
Quorum:205%
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Timeline

Mar 30, 2022Proposal created
Mar 30, 2022Proposal vote started
Apr 05, 2022Proposal vote ended
Oct 26, 2023Proposal updated