When an investor says “Yes,” the clock starts ticking. Having a Data Room ready with these documents shows professional maturity and institutional readiness. It prevents “deal fatigue” by keeping the momentum high.
GONEN CORP: Due Diligence Checklist
1. Corporate Records & Governance
- [ ] Articles of Incorporation/Bylaws: For GONEN FUNDS and GONEN CORP.
- [ ] Organizational Chart: Detailed breakdown of the Media (G1NBC), Hospitality (Bistro), and Real Estate divisions.
- [ ] Cap Table: Current equity ownership, including any debt-to-equity conversion agreements.
- [ ] Board Minutes: Records of major strategic decisions over the last 12–24 months.
2. Financial Information
- [ ] Historical Financial Statements: P&L, Balance Sheets, and Cash Flow statements for the past 2 years (if applicable).
- [ ] Detailed Financial Model: The 5-year projection including assumptions for “Gonen Zone” growth and G1NBC ad revenue.
- [ ] Tax Returns: Past 2 years of federal and state filings.
- [ ] Debt Schedule: Details of any existing mortgages on residential properties or equipment leases for the media studios.
3. Media Division (G1NBC)
- [ ] FCC Licenses & Permits: Documentation for broadcast and digital operations.
- [ ] Advertising Contracts: Current master service agreements with local and national advertisers.
- [ ] Distribution Agreements: Contracts with cable providers or FAST streaming platforms.
- [ ] Content Library Audit: Summary of intellectual property and owned footage.
4. Real Estate & Hospitality
- [ ] Property Deeds & Titles: For all currently held residential homes and apartment complexes.
- [ ] Lease Agreements: Standard tenant lease for “Gonen Residents” and any commercial leases for the Bistros.
- [ ] Permits & Zoning: Documentation showing properties are zoned for mixed-use (Media Center + Residential).
- [ ] Health & Liquor Licenses: Current certifications for the City Press Club Bistro locations.
5. Material Contracts & IP
- [ ] Trademark Filings: Proof of ownership for the names “G1NBC,” “City Press Club Bistro,” and “Gonen Funds.”
- [ ] Vendor Agreements: Contracts with food suppliers, high-speed fiber providers, and equipment manufacturers.
- [ ] Employment Agreements: Contracts for key executives and talent (on-air personalities, chefs, property managers).
How to Organize Your Data Room
Investors usually prefer a secure cloud-based folder (like Box, Dropbox, or a dedicated VDR like Intralinks). Organize it into folders numbered 01 through 05 following the list above.
Would you like me to draft a “Closing Timeline” that outlines the steps from the verbal “Yes” to the funds hitting the bank account?