Brandon Steven
👤 PersonAppearances Over Time
Podcast Appearances
Sometimes that's even better. For sure. Because you do get to go home at night and have a different – the meal tastes better sometimes. Your sleep – you do get a better night's sleep, I would say, for sure.
Sometimes that's even better. For sure. Because you do get to go home at night and have a different – the meal tastes better sometimes. Your sleep – you do get a better night's sleep, I would say, for sure.
I'm guessing you're going to come back to the tirade, though.
I'm guessing you're going to come back to the tirade, though.
Yeah.
Yeah.
I did not do a very good job of investing in this bar. So I would definitely tell everybody, everything I did in Gravitas, you should not do.
I did not do a very good job of investing in this bar. So I would definitely tell everybody, everything I did in Gravitas, you should not do.
Like I would say, actually, everything that I did, you should do the exact opposite. I started out with a great plan. I was going to make it small. My budget, I'm embarrassed to tell you guys this, but I'm going to tell you. My budget for the first 12,000 square feet was $13 million. And I spent two months value engineering, with my team two months to get it from $13 million to $11.4 million.
Like I would say, actually, everything that I did, you should do the exact opposite. I started out with a great plan. I was going to make it small. My budget, I'm embarrassed to tell you guys this, but I'm going to tell you. My budget for the first 12,000 square feet was $13 million. And I spent two months value engineering, with my team two months to get it from $13 million to $11.4 million.
And I'm like, I did it. I was really proud of myself. I signed the contract. Let's go. $11.4 million. Now, it's ironic that we went from $13 to $11.4, not $11. Let's not round off to $11. And we're at $37 million is what I spent. And guess what? I'm still going.
And I'm like, I did it. I was really proud of myself. I signed the contract. Let's go. $11.4 million. Now, it's ironic that we went from $13 to $11.4, not $11. Let's not round off to $11. And we're at $37 million is what I spent. And guess what? I'm still going.
But I'm so happy that I got it to $11.4 by spending two months to value engineer.
But I'm so happy that I got it to $11.4 by spending two months to value engineer.
So back to your question. This was a horrible investment idea. And then when I got it down to 11, I was going to get 20 partners, friends of mine, and say, hey, this is going to be a passion project for all of us. We're going to build this great thing, and we're going to use it for ourselves. And then as it got bigger and it got bigger, the number got to 23 million. I was for sure.
So back to your question. This was a horrible investment idea. And then when I got it down to 11, I was going to get 20 partners, friends of mine, and say, hey, this is going to be a passion project for all of us. We're going to build this great thing, and we're going to use it for ourselves. And then as it got bigger and it got bigger, the number got to 23 million. I was for sure.
23 million, I'm done. I went ahead and talked to some of my buddies about it. I said, here's what we're going to do. And I said, we're close. And I'll get the information to you when we get closer. And the number got so big that I just said I can never bring somebody else in as a partner in this deal. And so I own 100% of it, unfortunately. Well, I say I, my brother and I are partners.
23 million, I'm done. I went ahead and talked to some of my buddies about it. I said, here's what we're going to do. And I said, we're close. And I'll get the information to you when we get closer. And the number got so big that I just said I can never bring somebody else in as a partner in this deal. And so I own 100% of it, unfortunately. Well, I say I, my brother and I are partners.
We own 100% of that. Interesting enough, Rodney, my partner, my brother, I kept on telling him for the last, you know, 16, 18 months. You need to come to LA to see what you're doing. He's like, I'm busy. You got that part. I'm like, you need to come to LA to see what we're doing. And as the numbers got bigger, he came last week.
We own 100% of that. Interesting enough, Rodney, my partner, my brother, I kept on telling him for the last, you know, 16, 18 months. You need to come to LA to see what you're doing. He's like, I'm busy. You got that part. I'm like, you need to come to LA to see what we're doing. And as the numbers got bigger, he came last week.