{
  "model_version": "0.1-pilot",
  "human_review_approved": false,
  "is_final": false,
  "approvals": [],
  "investor_summary_written": false,
  "investor_readiness": {
    "status": "conditional",
    "human_review_approved": false,
    "investor_ready": false
  },
  "recommendation": {
    "draft_recommendation": "conditional",
    "blocking_flags": [],
    "gap_flags": [
      "FINANCIAL_INPUTS_NOT_MEASURED",
      "UNEVALUATED_OPERATOR_CAPACITY",
      "UNEVALUATED_REGULATORY_OR_LIABILITY",
      "UNEVALUATED_STEWARDSHIP"
    ],
    "overall_feasibility_score": null
  },
  "demand_evidence": {
    "status": "cleared",
    "criterion_status": "clear",
    "flag": null,
    "evidence": "Verified demand support: demand_evidence is true with source verified.",
    "revenue_trailing_12m": null,
    "verified_demand_evidence": [
      true
    ],
    "provenance": [
      {
        "field": "revenue_trailing_12m",
        "provenance": "placeholder",
        "source": null,
        "value": null
      },
      {
        "field": "demand_evidence",
        "provenance": "verified",
        "source": "verified",
        "value": true
      }
    ],
    "human_review_approved": false,
    "investor_ready": false
  },
  "view_summary": {
    "recommendation": "conditional",
    "insufficient_demand_evidence": "not present",
    "demand_status": "cleared",
    "investor_readiness": "conditional",
    "human_review_status": "pending",
    "human_review_approved": false,
    "is_final": false,
    "demand_provenance": [
      {
        "field": "revenue_trailing_12m",
        "provenance": "placeholder",
        "source": null,
        "value": null
      },
      {
        "field": "demand_evidence",
        "provenance": "verified",
        "source": "verified",
        "value": true
      }
    ]
  },
  "financial_result": {
    "base_monthly_contribution": 24360.0,
    "base_monthly_cash_flow": 6360.0,
    "downside_monthly_revenue": 25200.0,
    "downside_monthly_contribution": 14616.0,
    "downside_monthly_cash_flow": -3384.0,
    "break_even_monthly_revenue": 31034.48,
    "months_to_break_even_base": 28.3,
    "flags": [],
    "field_definitions": {
      "base_monthly_contribution": "projected_monthly_revenue_base \u00d7 gross_margin_pct",
      "base_monthly_cash_flow": "base_monthly_contribution \u2212 monthly_fixed_costs, rounded half-even to cents",
      "downside_monthly_cash_flow": "(projected_monthly_revenue_base \u00d7 downside_revenue_multiplier \u00d7 gross_margin_pct) \u2212 monthly_fixed_costs, rounded half-even to cents",
      "break_even_monthly_revenue": "monthly_fixed_costs / gross_margin_pct when gross margin is positive; otherwise undefined (Methodology \u00a7 Output Requirements)",
      "months_to_break_even_base": "initial_capital / unrounded base monthly cash flow when the rounded base cash flow is positive. This is months to recover initial capital at the base cash-flow rate, not a revenue-ramp forecast. Methodology \u00a7 Output Requirements asks for break-even; that amount is break_even_monthly_revenue."
    },
    "model_version": "0.1-pilot"
  },
  "startup_capital": {
    "calculated": true,
    "methodology_refs": [
      "Methodology \u00a7 Core Principles \u2014 deterministic calculations",
      "Methodology \u00a7 Core Principles \u2014 human approval required for final recommendations",
      "Methodology \u00a7 Evaluation Dimensions \u2014 Financial Feasibility & Capital Requirements",
      "Methodology \u00a7 Investor Readiness Gate",
      "Architecture \u00a7 Analysis Layer"
    ],
    "human_review_approved": false,
    "is_final": false,
    "investor_ready": false,
    "sources_and_uses": {
      "uses": {
        "construction_cost": {
          "amount": 100000.0,
          "evidence_label": "user-supplied assumption"
        },
        "equipment": {
          "amount": 35000.0,
          "evidence_label": "user-supplied assumption"
        },
        "soft_costs": {
          "amount": 15000.0,
          "evidence_label": "user-supplied assumption"
        },
        "preopening_working_capital": {
          "amount": 20000.0,
          "evidence_label": "user-supplied assumption"
        },
        "contingency": {
          "amount": 17000.0,
          "evidence_label": "calculated by the deterministic engine"
        },
        "total_project_cost": {
          "amount": 187000.0,
          "evidence_label": "calculated by the deterministic engine"
        }
      },
      "sources": {
        "debt": {
          "amount": 130900.0,
          "evidence_label": "calculated by the deterministic engine"
        },
        "equity": {
          "amount": 56100.0,
          "evidence_label": "calculated by the deterministic engine"
        },
        "total_sources": {
          "amount": 187000.0,
          "evidence_label": "calculated by the deterministic engine"
        },
        "monthly_debt_service": 1094.9,
        "annual_debt_service": 13138.8
      }
    },
    "assumptions": [
      {
        "key": "construction_cost",
        "value": 100000.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "equipment",
        "value": 35000.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "soft_costs",
        "value": 15000.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "preopening_working_capital",
        "value": 20000.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "contingency_pct",
        "value": 0.1,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "debt_share",
        "value": 0.7,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "annual_interest_rate",
        "value": 0.08,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "amortization_years",
        "value": 20.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "seats",
        "value": 48.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "average_ticket",
        "value": 28.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "weekday_occupancy",
        "value": 0.45,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "weekend_occupancy",
        "value": 0.7,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "operating_days",
        "value": 312.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "annual_fixed_costs",
        "value": 240000.0,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "contribution_margin",
        "value": 0.35,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "downside_multiplier",
        "value": 0.6,
        "source": "user",
        "evidence_label": "user-supplied assumption"
      },
      {
        "key": "Contingency equals contingency_pct times (construction + equipment + soft costs + pre-opening working capital).",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "Total project cost equals that subtotal plus contingency.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "Debt equals debt_share times total project cost. Equity is the residual after debt is rounded to cents.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "Annual debt service is twelve monthly level payments. Each monthly payment is rounded half-even to cents, then multiplied by 12. A zero interest rate sets the monthly payment to debt divided by the number of months.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "Base revenue is seats \u00d7 occupancy \u00d7 average ticket \u00d7 operating days, from engine.financial.seat_occupancy_revenue.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "The downside view multiplies weekday occupancy and weekend occupancy by downside_multiplier, then recomputes that revenue. The default multiplier is 0.6.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "Cash flow before debt service equals revenue \u00d7 contribution_margin \u2212 annual fixed costs.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "Break-even revenue equals (annual fixed costs + annual debt service) / contribution_margin when the margin is positive.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "DSCR equals cash flow before debt service divided by annual debt service. DSCR is undefined when rounded annual debt service is zero.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      },
      {
        "key": "Debt share 0.70, interest 0.08, and 20-year amortization are the coded terms already used by the startup calculator. They are not a market study.",
        "value": null,
        "source": "model",
        "evidence_label": "model assumption"
      }
    ],
    "views": {
      "base": {
        "revenue": 218649.6,
        "occupancy": 0.5214285714285715,
        "cash_flow_before_debt_service": -163472.64,
        "dscr": -12.442
      },
      "downside": {
        "multiplier": 0.6,
        "applied_to": "occupancy",
        "weekday_occupancy": 0.27,
        "weekend_occupancy": 0.42,
        "revenue": 131189.76,
        "cash_flow_before_debt_service": -194083.58,
        "dscr": -14.7718
      },
      "break_even": {
        "revenue": 723253.71,
        "covers": "annual fixed costs plus annual debt service"
      }
    }
  },
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      "action": "sign-in",
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      "reviewer_identity": "admin@originalbrandsusa.com",
      "recorded_at": "2026-11-09T16:46:11+00:00",
      "authentication_method": "local-account",
      "session_id": "44be58770c25",
      "note": "Local account sign-in. This does not change an assessment."
    },
    {
      "action": "sign-in",
      "assessment_id": null,
      "reviewer_identity": "admin@originalbrandsusa.com",
      "recorded_at": "2026-11-09T17:07:37+00:00",
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}