This document responds to the diligence questions a capital partner would reasonably ask before financing or structuring around a potential Tati Food Group acquisition of La Cafetera, Inc. ("Project Coffeepot"). We've organized it the way we'd want it organized if we were on the other side of this table: target overview first, then exactly what our own diligence has verified, then what it hasn't, then the debt and related-party findings that most affect financeability, then our honest recommendation on next steps. Nothing in this document should be read as a completed underwriting — no term sheet, valuation, or signed agreement exists between Tati Food Group and La Cafetera, Inc. as of this writing.

La Cafetera, Inc. is a Florida for-profit corporation, filed July 17, 2019 (Filing #P19000058682), registered at 245 West 51st Street, Hialeah, FL 33012. The founder and principal is John Fernandez. There is no institutional ownership; the company is family-operated, with informal support from the founder's mother (insurance/banking), a cousin (bookings), and a sister (social media coordination). We have confirmed this directly from the company's Articles of Incorporation.

La Cafetera operates a fleet of 4 self-owned mobile espresso trailers ("cafeteras," all fully paid off, built one per year starting 2020), plus 1 additional franchised unit in Tampa — confirmed directly by the founder on an August 31, 2026 diligence call. Revenue runs across three channels: (1) hourly-rate corporate and private event service ($450/hr, 2-hour minimum), (2) festival and venue placements on a revenue-share basis (approximately 30% to the venue — confirmed active relationships include Insomniac-affiliated events and a stadium concessions payer, Volume Services), and (3) the single franchise unit sold to date (Tampa, ~2 months operating as of the initial conversation, at $60,000 upfront plus $2,000/month). The founder has also expressed interest in a bagged retail coffee line, currently blocked by lack of packaging capital rather than any supply constraint.

Correct — La Cafetera's own data room contains Profit & Loss, Balance Sheet, and Tax Return folders, and all three are currently empty. In their place, we pulled and reviewed Chase Business Complete Checking statements directly: full coverage for January–June 2026, plus partial-year coverage for 2022, 2024, and 2025 (several individual months remain missing and have not yet been requested). Two months — January and June 2026 — were reviewed at the full transaction-line level, not just summary totals, specifically so we could build a real, reconciled P&L rather than a category guess.

Gross deposit volume has grown meaningfully since 2022 but has plateaued since 2024 rather than continuing to climb:

Figure 2.2a — Adjusted monthly gross deposits, by year

Two categories of inbound deposits were identified during the full-detail review that do not represent sales and were removed from the revenue base used above:

January and June 2026 were reconstructed line-by-line, not from summary categories, and reconcile to each statement's stated totals within ~1–2%:

Roughly half of each month's total outflows are informal Zelle payments to named individuals, family transfers, personal financing payments, unexplained lump sums, and cash/peer-to-peer activity. This is a bookkeeping and commingling problem, not a conclusion about intent — but it is the direct reason no clean, defensible P&L can be produced without the founder's own input on what each payment stream actually is.

No balance sheet exists in the target's data room, so the following is what can be reconstructed from bank data alone — it should not be presented to a lender as a substitute for the founder's own accounting records.

Yes, and per Question 4.1, more of it than the founder has disclosed so far. Beyond the MCA findings in Section 3.2: the repayment structure changed around the February 2026 draw — roughly 22 daily debits of $118.34 shifted to roughly 4 weekly debits of $552.23 — but total monthly debt service is roughly flat (~$2,200–$2,600/month) across both periods; this is a change in frequency and structure, not a large increase in aggregate burden, and we want to be precise about that distinction rather than overstate it. What we can't yet size is the outstanding principal, since recurring draws across three separate years (2024, 2025, 2026) is consistent with repeat renewal or stacking. MCA facilities are typically short-duration (6–18 months) and very high-cost (effective APRs frequently in the 40–150%+ range). Any SBA or conventional lender will require payoff or subordination of this facility before proceeding, and outstanding balances need to be confirmed directly with Itria Ventures LLC and Funding Metrics LLC before this deal can be sized accurately. Separately, the founder has confirmed ~$11,000 owed informally to his trailer builder (no interest, pay-as-you-go) and ~$5,000 owed to a prior equipment supplier, Crazy for Coffee LLC — both small, low-pressure, and not comparable in scale to the MCA exposure.

Yes, confirmed directly from full transaction review, not inferred. Full-month detail for June 2026 shows restaurant, Uber Eats, and retail charges in Los Cabos, Mexico (with associated foreign-exchange adjustment fees) charged directly to the business debit card — consistent with an international vacation. This sits alongside recurring personal credit-card payments (Nordstrom, Capital One, Affirm buy-now-pay-later, an Elan-branded card) and family Zelle transfers (to "Mom," an uncle, and a "wife"). We want to be precise about what this is and is not: it is a real commingling pattern that complicates using this account's activity for lending or valuation purposes without adjustment. It is not, on the evidence currently available, an allegation of fraud.

An illustrative DSCR model (available in the supporting financial model, linked below) shows a modest loan could plausibly clear a common ~1.25× SBA benchmark at conservative margin assumptions on the adjusted revenue base above. We want to be explicit that this is a modeling exercise built on gross bank deposits with an assumed margin, not an underwriting result — no P&L, tax return, or balance sheet exists to underwrite against, and the existing MCA debt identified in Section 4.2 would need to be resolved (paid off or subordinated) before any lender would proceed regardless of what the DSCR model shows.

• Direct, by-name confirmation on Itria Ventures LLC and Funding Metrics LLC — the founder did not disclose either when asked about debt; this is now the top priority.
• Direct answer on the $9,363 "Other Withdrawals" — no assumptions until the founder responds.
• Resolution of the trailer-builder IP entanglement — a competing coffee-and-food combo trailer was built under the same patent relationship after a prior JV attempt fell through; needs a sale-split or destruction, in writing.
• Invoices for the trailer builds and titles for both tow vehicles — founder has agreed in principle to locate builder invoices; titles will confirm business ownership and lien status.
• Clarification of the "Cafecito & Co" / "Cuban Cafecito Co" relationship — related party, loan, or something else.
• Trademark clearance on "La Cafetera" via Emanay Law Group before any public co-branding.
• The existing Tampa franchise agreement and event/venue contracts for review.
• A decided legal structure — equity roll-up, licensing/revenue-share, or services-for-equity — before any term sheet is drafted.

Exploratory / pre-LOI. No valuation has been discussed, no exclusivity is in place, and no documents have been signed by either party.