Finding
The report’s average $138,031 monthly nonfuel receipts reconcile. Under the reference hypothetical economics, cash available for debt is $16,504 against a $16,888 payment: 0.98x stabilized coverage. The sales ramp lowers opening-year coverage to 0.61x, below the chosen 1.25x screen. Four of 31 risk labels conflict with the source’s own rules.
Why it matters
Replace broad claims of feasibility with explicit financing conditions and evidence gates. Change costs, margins, sales and loan inputs to see what would restore coverage. A passing scenario still leaves civil site fit, access, environmental condition and other project-specific approvals unresolved.
Who could use this
Investment, lending, finance and consulting analysts testing a development case before capital is committed.
Data and scope
Anonymized numerical extracts from two user-supplied April 2026 feasibility and risk documents. Sales are unverified report estimates. Costs, margins, staffing, financing, wash economics and ramp inputs are explicitly hypothetical. Official Texas references support the commission minimum and general due-diligence checks.
How the analysis works
Reconcile reported sales, separate lottery ticket proceeds from commission, calculate contribution and pre-tax cash available for debt, amortize a hypothetical loan, and model sponsor-funded fees, draw-based interest, carry and an opening ramp. Compare 24 scope/sales/delay cases, reverse-solve coverage thresholds and audit 31 ordinal risk records. SQL independently reconciles contribution, and Python and JavaScript agree across 33 scenarios.
Limits of the evidence
No actual budget, lender quote, operating history or underlying market study was supplied. Sales categories may overlap and require clarification. Financing capacity is not fair value. Taxes, terminal value, refinancing and future working-capital changes are excluded. The model claims no actual return, savings, business impact or event probabilities. Original reports and identifying details are not distributed.