Risks Specific to Lazy Tree Ranch
1. We still need to construct the brewpub and stage on the property. Government inspections like Texas Commission on Environmental Quality and LCRA Lower Colorado River Authority could delay our opening of the brewpub but not delay our licensing to sell beer and food.
2. There are inherent risks because alcohol will be served on the property. We are going to great lengths to ensure no one underage or intoxicated is served. We are hiring off duty police officers and constables to patrol the property when open and during events. As food will also be sold on the property we will be liable for quality an condition of that food. We have hired a local restaurant to cater our events, which will mitigate some of the risk.
3. We are located in an unrestricted area of Williamson County, which means that while we do not have zoning to concern ourselves with we do have water quality testing of our well on the property. It is possible the well could run dry or not pass the tests in which case we would have to truck water in by tanker or drill a deeper well.
4. Part of our property is in Burnet County 1/2 acre, while the other 10 acres is in Williamson County. Both counties could choose to exercise some control though Burnet County does not require large gathering permits. Still, its government and there is money involved. We may need to retain counsel to mitigate any issues though we are not expecting to need that.
5. Although most of our officers are full time, please note that Michael A De Santis Sr. is not currently full time with the company. As such, it is likely that the company will not make the same progress as it would if that were not the case.
6. The property is located in a section of Texas where tornados are not common but have had one in the last 30 years. There exists a remote possibility of a tornadic event which could alter our plans or due damage to the property. Engineering could turn up an unforeseen complexity relative to the property, water supply, perk tests etc.
7. There is a great deal of trees and brush on the property. We are clearing that out but there is an off chance of a prairie fire as we get into the summer months. The Fire Inspector could limit our occupancy which could affect revenues. They have however given no indication of such an action. We have to obtain a large gathering permit for each event over 500 people. The county could decline our permit but to date has not done so to any other event center in the area.
8. The Texas Alcoholic Beverage Commission has issued a Beer and Wine Retailers Permit and Brewpub license to Mike De Santis and Hops and Grapes. While unlikely it is possible that the Federal TTB could delay or decline to issue the beer manufacturing license.