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

Tipsy Gods is a high-class LGBT+ nightlife destination in the Austin, TX area that transports patrons to ancient Grecian times, while providing an affordable world-class experience through entertainment consisting of music, dancing, drag shows, monthly contests, flair bartending and more. We will create a unique experience with our fresh take on Mediterranean food with a Texas twist, paired with an innovative cocktail menu.

Our goal is to provide exceptional service through strong community ties with the local LGBT+ community. In 5 years, we want to be a cornerstone in the Austin-Round Rock area providing a safe place, community meeting center, and entertainment options to the LGBT+ community and beyond. After 5 years, we hope to be exceeding our yearly goals which will allow us to pay back all loans and debts, with the expectation of expanding into another location in an under-represented area.

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

Milestones

Tipsy Gods LLC was organized in the State of Texas in August 2018.

Since then, we have:

• Led by a qualified team with strong professional backgrounds in the industry.
• Located in Austin Texas, one of the fastest growing cities in the US
• Third most LGBT+ friendly city in the US-an untapped market with high growth potential with only 7 LGBT bars in Austin

Historical Results of Operations

Our company was organized in August 2018 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2019, the Company had revenues of $0 compared to the year ended December 31, 2018, when the Company had revenues of $0
• Assets. As of December 31, 2019, the Company had total assets of $3,000, including $3,000 in cash. As of December 31, 2018, the Company had $3,000 in total assets, including $3,000 in cash.
• Net Income. The Company has had net income of $0 and $0 for the fiscal years ended December 31, 2019 and December 31, 2018, respectively.
• Liabilities. The Company's liabilities totaled $0 for the fiscal year ended December 31, 2019 and $0 for the fiscal year ended December 31, 2018.

Liquidity & Capital Resources


After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 3 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 6 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

Tipsy Gods LLC cash in hand is $3,000, as of February 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 12 months.

We are a start up bar/nightclub that has not opened yet, so we don't have any revenue and because of that we can't mention any changes or trends in our finances. We have spent the past couple of years working to secure a space for the bar.

Right now our expectation is to open after our funding round is over. Until then, we will not have any sales. Once we open, we hope (but not guarantee), that our revenue will be higher in the first 3-4 months because we expect customers to want to try the new bar in town. We will try and hold 80% of what we made those first 3-4 months.

We hope (but not guarantee) to open our location 5-6 months after the conclusion of the Offering. The minimum needed to open doors would be about $50,000. Six months after opening we hope to be generating $60,000 in monthly revenues and $35,000 in monthly expenses. 

Outside of the fund raised in this Offering, we could solicit small business loans and the personal savings of the Founder for additional capital.