Eric Langan: Thank you. Appreciate it.
Mark Moran: Thank you so much, Lynne. And Eric I just wanted to give you a second to clarify something, because I believe that you might have said the San Antonio Bombshells franchise was acquired for $12 million versus the $1.2 million?
Eric Langan : Well, $1.2 million in cash and a $2 million note is what I thought I said. So if I misspoke that I’m sorry that is the — the total purchase price was $3.2 million, which like I said is less than we could probably build that location for. And it’s $1.2 million in cash $2 million on a five-year promissory note.
Mark Moran: Phenomenal. Thank you so much, Eric and then thank you again, Lynne. Next up we have Rob McGuire of Granite Research in a hold position. Rob, take it away.
Rob McGuire : Nice quarter guys. Can you give us an update on perhaps when baby dolls could close? And anything unusual going on with those alcohol licenses, or any color around that?
Eric Langan : Yes. I really thought we’d closed by February 1. That was my plan. We were prepared and ready to close by February 1. We have a line of credit set up through our bank ready to draw down on as soon as we need it to close the transaction. What’s going on right now is they had a couple of outstanding issues. And so the Texas Beverage Commission has put an administrative hold on the transfers. So they can’t turn their licenses in so ours can be issued. And ours aren’t ready yet due to a couple of other issues with the cities, but all of our stuff is now in. It’s in processing with the Beverage Commission. We’re — as they say waiting on the government. So hopefully I know the attorneys are working. Probably you’ll have more color based on our discussions by February 20.
I would love to see us close by March 1, but it could be March 15, it could be March 31. But I do think we will get it closed in this quarter. That’s seven weeks. Surely they can resolve issues even dealing with state agencies. The problem is, we have a sense of urgency but they just don’t have a sense of urgency. They want to get through the process at their speed and their time. And we’ll just be sitting here waiting to go. But everything on our end is ready to go. We’re ready to close the transaction. We have — like I said, they have the money in the bank the line of credit setup. And we’re good to go. So our teams are ready. We’ve already preordered all the POS equipment, so we can — excuse me — so we’ll have the POS in immediately everything on our side that go we’re just waiting for those final approvals.
So it could be — I guess, it could be March 1st, it could be March 15th, or it could be March 31st. So I think sometime in that time, they gave me a couple of time deadlines on typical time it takes to do these things. And I think one was March 20 — or I mean April 20 something March third date and I remember seeing like a March 30th date or something. So sometime in the — sometime in that plan will get it done. But basically as soon as the licenses are approved, I think we’ll probably try to close the next day or the day after.
Rob McGuire: Thank you. And then, just turning to Denver, can you talk about, — you’re looking at six potential Bombshell area locations. You’ve got two under your belt. And you’ve been able to acquire that land for less than what we’ve seen in Texas. Do you expect that trend to continue with the other four locations, if you expand or continue to expand there?
