Hoop Tea

Hoop Tea

Take A Sip, Enjoy The Trip

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Security Type
Preferred Stock
Categories
Other
Min Investment
$1
Offering Date
December 27, 2019
Expected Close Date
September 15, 2020
Target Raise
$120.00K-$1.07M
Deal Notes

$1.00 per share

$50K+ pro rata right threshold

Valuation
$5,000,000

Company Description

Hoop Tea is a spiked iced tea brand that was created at Backshore Brewing Co on the beach of Ocean City, MD in the summer of 2016. Hoop Tea products are 'better for you' alcoholic beverages for modern consumers who prefer products with 'clean labels' and thoughtful ingredients.

Perks

$1,000+ Every investor will receive some Hoop Tea 'swag', such as an embroidered hat, hoodie, or tee. We'll also send you some Hoop Tea to let your friends and family taste the product you're part of!
$10,000+ You'll join the Hoop Tea team for a beachfront barbecue! We'll be welcoming you into the company with a bonfire, beach day, and plenty of Hoop Tea!
$25,000+ Be our guest at our annual Longest Day-Drinking Party of The Year Par-Tea! You'll get a hotel room overlooking the party and VIP passes. You'll also join us for dinner at the brewery that night after we pick you up in the famous 1966 VW bus!

Key Deal Facts

The demand for Hoop Tea is spreading faster than we can keep up with it. Every dollar invested translates to increased sales.
The Flavored Malt Beverage category is booming, surpassing craft beer. We are one of the only craft brands pioneering the category.
In a single summer, (as a division of SB1 Inc.) we achieved $1.3mm with only one full time employee and no outside investment!
Hoop Tea's organic growth and demand from our loyal tribe of fans has landed our brand in the country's top bars and chain stores.
We've assembled a leadership team of industry superstars bringing experience from established companies such as Heineken and Molson.

Use of Proceeds

If $300,001 is raised:

60% for purchase of raw materials and inventories to be advanced to Southbound One, Inc., 20% for hiring, 12.5% for sales and marketing expenses, 7.5% towards Wefunder fees.

If $1,069,999 is raised:

40% for purchasing raw materials and other inventories to be advanced to Southbound One, Inc., 20% for specialized manufacturing equipment that will be placed with copackers, but may be owned by Hoop Tea, Inc.,   32.5% towards staffing and marketing efforts in new territories, 7.5% in Wefunder fees. 

Management Team / Advisory Board Bios

Danny Robinson
Founder & CEO of Hoop Tea
With over 30 years of leadership experience, Danny is an innovative founder and effective marketer. He has built several successful businesses including Backshore Brewing Co, Pickles Pub, Hammerheads Grill, Guido's Burritos, and 8th St. Liquors.

Deal Notes

$1.00 per share

$50K+ pro rata right threshold

Amount Raised : $233,967
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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