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Michael Waltrip Brewing Company

Fun, Flavorful Craft Beer Brand

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Security Type
Common Stock
Categories
Alcohol
Min Investment
$249
Location
MCKINNEY, TX
Offering Date
July 12, 2023
Expected Close Date
October 10, 2023
Target Raise
$10.00K-$1.23M
No. Investors
249
Security Price
$1.55
Number of Employees
14
Cash
$88,131
Revenue
$665,058
Short Term Debt
$595,729
Cost of Goods
$456,782
Long Term Debt
$0
Net Income
$-696,759

Company Description

Two-time Daytona 500 champion Michael Waltrip has launched a down-to-earth lifestyle beer brand that celebrates a flavorful and fun approach to cars, music, family and friends. The Michael Waltrip Brewing line of easy-to-drink craft beers are a central element of the company that also includes music festivals, licensed products, and a franchise strategy with a goal of opening 100 Michael Waltrip Taproom branded sports themed restaurants across the country.

Management Team / Advisory Board Bios

Bryan R. SperberCEO/President Sports and Entertainment executive with 30+ years of experience. Past President of NASCAR tracks, Phoenix Raceway and Watkins Glen, as well as Chairman of California Speedway. Fmr Board member of college football's Fiesta Bowl and current YPO Gold member. 2018 inductee into the West Coast Stock Car Hall of Fame.  Michael Curtis Waltrip Chief Fun OfficerMr. Waltrip is a two-time champion of the Daytona 500 and a broadcast analyst for FOX Sports. He is a NY Times best selling author, the subject of a nationally acclaimed documentary, Blink of an Eye, and a past contestant on ABC’s Dancing with the Stars.  Jackie Glynn Gross JrExecutive Chairman/Secretary/Treasurer Currently Mr. Gross serves as the Executive Chairman of Michael Waltrip Brewing Company as well as President and CEO of Noral Holding Company. After graduating from Southern Methodist University, he began his career as a Financial Consultant and Certified Public Accountant with Deloitte, the largest accounting and consulting firm in the world. Mr. Gross has significant experience in transaction-based consulting and during his term there, he specialized in mergers and acquisitions.  He founded Noral Holding Company in Texas in 1998 and began to acquire companies in the oil and gas, manufacturing, and hospitality industries. All these companies still thrive today and are either still owned by Noral or others if the companies have been sold. Through Noral, Mr. Gross currently owns and operates two Modern Margarita restaurants in Phoenix, Arizona with others planned to be opened in Texas in the next year. Modern Margarita specializes in craft margaritas and tacos with a twist while DJ’s play great music all weekend. Mr. Gross enjoys a good craft beer with an occasional round of golf. His passion is serving the Lord and his church where he lives in the Dallas area.,

Amount Raised : $320,054
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Security Description

Common stock is a security that represents ownership in a corporation.

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