Northern Standard Strategic Delivery
A private, decision-led view of what is documented today, what is recommended, and what must be verified before NS is formed or transactions close.
Current state
The Work Is at Decision and Verification Stage
Northern Standard is not incorporated. Ian Bond has not exited. Pell Street has not been formed or executed. The documents describe possible structures and transaction paths, not completed actions.
Recommendation
Use a Parent With Ring-Fenced Concept and Operating Entities
The working recommendation is a manager-managed NS parent above founder-owned concept companies and location-specific operating subsidiaries. Existing BCP Delray investors remain ring-fenced at BCP Delray unless a separately approved transaction changes their rights.
Read from founders through the proposed parent to concept and operating entities.
The target separates parent governance, concept ownership, and location operations while preserving the BCP Delray investor boundary. Every proposed relationship remains gate-dependent.
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Rob Krauss, Shaun Vanalphen, and Randy Watson are the target Northern Standard owners, with percentages still unapproved. The proposed, unincorporated parent would target 100% ownership of Beach Club Pizza after the Ian exit and valid founder roll-in, plus proposed Pell Street and future concept companies. Beach Club Pizza's 64.5% operative BCP Delray interest and outside-investor boundary remain intact.
Corporate Architecture
Ian Transition
Founder Equity
Execution
Needs verification
Phase 0 Comes First
Verify ownership schedules, investor rights, the Krauss note and separate 2% grant, leaseholder and guaranty positions, tax treatment, debt, authority, and capitalization before formation or closing documents are treated as executable.
The Three Decisions in Front of the Founders
Approve the Operating Architecture
Confirm the target parent, concept, and location boundaries, including what must remain outside the parent until rights and consents are reconciled.
Approve the Ian Transition Basis
Decide whether the documented 25% Beach Club Pizza interest should be purchased, and only then select valuation, financing, tax, consent, and closing mechanics.
Approve the Founder Bargain
Set founder equity from verified contributions, forward roles, objective earn-in milestones, governance, vesting, and a strategic reserve. Beach Club Pizza ownership should not automatically determine NS ownership.
The Headline Calculation
Follow the arithmetic inputs from left to right. Each input remains subject to its stated evidence status.
The output is not fair market value, an appraisal, a final price, a completed liability, or a Northern Standard valuation.
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The $4.0 million BCP Delray raise-valuation input multiplied by the 64.5% operative Beach Club Pizza interest produces an intermediate $2,580,000 value. Multiplying that result by Ian's documented 25% Beach Club Pizza interest produces the $645,000 working negotiated gross baseline. It is not fair market value, an appraisal, a final price, a completed liability, or a Northern Standard valuation.
What This Site Does
This site keeps four evidence classes visibly separate: documented current state, recommendations, decisions still required, and facts that need professional or documentary verification. It also provides the four canonical analyses under Reference without turning them into legal, tax, accounting, valuation, or financing advice.