Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

El Condor is a new coffee brand defining the future of hospitality, from roasting to cafes and lifestyle. At the parent company level, Wilcuma develops, builds and operates its proprietary hospitality concepts, as well as provides a wide range of services to select clients.

Five years from now, we hope to celebrate the 10th location of our coffee concept and it will have become a recognized brand and household name in that space. These projections cannot be guaranteed.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

El Condor, LLC was organized in the State of Delaware in September 2020.

Since then, we have:

• The comprehensive approach and versatile business model mitigating risk, from cafes to wholesale
• The vision beyond coffee and its multiple revenue streams: CPG, music, fashion, etc.
• The growth opportunities with several iterations of the concept in multiple real estate environments
• The checks of post-pandemic and new-reality boxes, mainly consumption flexibility and cleanliness
• A project that defines the future of the hospitality industry, especially from a people standpoint
• A $70B market in 2020 in the US only, with an average 9% yearly gross expected for the next 5 years
• Our versatile team has 30+ years of experience in the food business and hospitality in general

Historical Results of Operations

Our company was organized in September 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended September 10, 2020, the Company had revenues of $0.
• Assets. As of September 10, 2020, the Company had total assets of $0, including $0 in cash.
• Net Income. The Company has had net income of $0 for 2020.
• Liabilities. The Company's liabilities totaled $0 for 2020.

Liquidity & Capital Resources


After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

El Condor, LLC cash in hand is $0, as of November 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 6 months.

There have been no material changes since the date of our financials. The operating company for that "start-up" project was specifically formed in order to proceed with the crowdfunding campaign, so there has not been any activity yet.

We expect to need a total oof $540,000 in capital to reach a revenue-generating point. We hope to generate $675,000 in revenues after 6 months (combination of cafe sales, retail and wholesale) and $625,000 in total expenses (costs of sales, labor, operational expenses and rent). These projections cannot be guaranteed.

We have no other sources of capital at the moment, this crowdfunding campaign is our first attempt at raising capital for this concept/project.