#Imoto dallas full

Rathbun describes the first few days of operation as “eerily phenomenal.” “At first, we were a little bit reluctant about opening here, but the more we heard about what was happening and what was coming and seeing who was signing, we decided that this is where we want to be.” “The people revamping this entire Victory Park district approached us and asked if we’d want to open a restaurant down here,” Rathbun says.

It is Imoto’s sixth day in business at the time of this interview, and so far, Rathbun feels that opening Imoto in Victory Park was a good investment made. Imoto, a sushi and pan-Asian restaurant, was the first of several restaurants to open in Victory Park, over a year after a revamp of the neighborhood was proposed. A few restaurant owners, including Kent Rathbun, owner of Imoto, are hoping to help boost the nightlife action over in Victory Park. Although the district houses the American Airlines Center, a WFAA news station, and Happiest Hour bar, the action in Victory Park is relatively low compared to that of Dallas’s other neighborhoods. In order to qualify for the PPP loan amount received, Imoto Operating Co Dallas LLC's 2019 payroll expenses are estimated to be at least $1.41M.While it may be crowded on game nights and during concerts, Victory Park is one of Dallas’s less-frequented neighborhoods. On the PPP application, Imoto Operating Co Dallas LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Imoto Operating Co Dallas LLC in Dallas, TXīased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Imoto Operating Co Dallas LLC's 2019 payroll expenses are estimated to be at least $1.88M.īased on their reported 29 jobs retained, this equals an estimated average yearly compensation of $64,868 per employee 1 Reported PPP Proceed Usage:

Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above).

#Imoto dallas full

Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.

Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.

This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received.

SES - Senior Executive Service Pay Calculatorįor Imoto Operating Co Dallas LLC, the calculation used to estimate payroll costs is shown below:.

FWS - Federal Wage System Pay Calculator.