1487 Brewery

1487 Brewery

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Security Type
Revenue Sharing
Categories
Other
Min Investment
$100
Location
Plain City, OH
Offering Date
August 28, 2020
Expected Close Date
November 04, 2020
Target Raise
$50.00K-$200.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $150. They will owe you this amount by 10/1/2026, regardless of revenue.

Company Description

1487 Brewery is a love letter to the biergartens and rolling hills of Bavaria by using traditional ingredients and brewing techniques with a modern American twist. Ben King fell in love with the family friendly biergartens in Germany while working for a German company. He was convinced that American's would embrace the concept. in 2016, Founders Ben King of Columbus, OH and Thomas Garbe of Munich Germany created 1487 Brewery (The name comes from the year in which Duke Albrecht IV put the first regulation on brewers only requiring Barley, Hops and Water).

Use of Proceeds

  • Working capital
  • Bar & Biergarten FF&E
  • Kitchen equipment
  • Brewery equipment
  • Mainvest Compensation

Management Team / Advisory Board Bios

Ben King
CEO and Founder

Alex Kiss
Restaurant Manager

Connor Mulroony
Special Events

John Abner
Head Chef

Matt Crema
Head Brewer

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $150. They will owe you this amount by 10/1/2026, regardless of revenue.

Amount Raised : $56,400
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Valuation

Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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