Mary Celeste Whiskey and Wine Library

Mary Celeste Whiskey and Wine Library

Share experiences in yours and our whiskey and wine adventure

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Marion, MA
Offering Date
May 14, 2020
Expected Close Date
September 16, 2020
Target Raise
$25.00K-$60.00K
Deal Notes

If you invest $-100, the business agrees to share a portion of their revenue until you have been repaid$-140. They will owe you this amount by 10/1/2024, regardless of revenue.

Company Description

The Mary Celeste has a long history in Marion and is known around the world as the "Ghost Ship". Back in 1872, Captain Benjamin Briggs, a Marion resident, set out to deliver industrial alcohol from New York to Italy on a large brigantine sailing vessel. Shortly after, the ship was found drifting with its ripped sails and its crew missing including the captain, his wife, and daughter among others. Numerous books have been published on the Mary Celeste, a couple of movies and even an episode by the Smithsonian.

148 years later, a long-standing village book shop became available in the coastal town of Marion and our founder, Mike Achilles, immediately knew he wanted to use that space as a place of conversation and education. The town of Marion is something special and many say right out of a Norman Rockwell painting. With its amazing people, proximity to major highways, and seasonal growth, it is the perfect location to bring people together to sip, taste, and learn about whiskey and wine.

Our founder presented the idea to the town and carefully crafted a plan taking into account the concerns of local businesses and residents. After numerous planning board visits and interest by the residents, the town granted a change of use for the space from retail to restaurant. The town has also granted a liquor license to The Mary Celeste pending our final occupancy permit. The space itself is located on the first floor of a two-story building and all architectural, mechanical, fire, plumbing and electrical designs have been completed.

Construction is well underway with time spent on framing, structural repairs, custom shelves, bar area, and the footings for the new ADA ramp. With additional funds, we will finally be able to finish construction and open our doors.

Use of Proceeds

  • Plumbing: $12,000
  • Operating Reserves: $44,400
  • Mainvest Compensation: $3,600

Management Team / Advisory Board Bios

Mike Achilles
Founder / Manager
Mike is the founder of The Mary Celeste and a lover of all things whiskey. He is a certified Whiskey Ambassador and Certified Food Manager. He can often be seen at tastings and events around Massachusetts. Mikes' passion is to create a gathering place where people come together to taste, learn, and talk about various spirits. In establishing The Mary Celeste, he hopes to share that experience with others. He is also a strong proponent in the drink better, drink less philosophy.

Deal Notes

If you invest $-100, the business agrees to share a portion of their revenue until you have been repaid$-140. They will owe you this amount by 10/1/2024, regardless of revenue.

Amount Raised : $59,500
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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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