The Balloon Factory by FAB Beer

The Balloon Factory by FAB Beer

Brewery

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Somerville, MA
Offering Date
August 18, 2020
Expected Close Date
October 30, 2020
Target Raise
$100.00K-$250.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $200. They will owe you this amount by 1/1/2030, regardless of revenue.

Company Description

The Balloon Factory will operate primarily focused on generating high-margin beer/wine/liquor sales on site and will also engage (through our distributor) in regional distribution of own-branded contract brewed beer. Additionally, our location at 1060 Broadway will host a variety of events (e.g. rentals for weddings, parties, etc.) and experiences (e.g. cocktail-making classes, wine & cheese flight nights, etc.) which will complement the bar’s operations, creating a destination space for regional customers.

Use of Proceeds

  • Location Build-out: $125,000
  • Custom Bar: $10,000
  • Fixtures & Equipment: $100,000
  • Mainvest Compensation: $15,000

Management Team / Advisory Board Bios

Benjamin Holmes
President
Ben Holmes is the president of FAB. Previously he worked at NASA, taught physics in the Middle East, built crispr.mit.edu, and founded AERONAUT, serving for 5 years as its president and CEO.

David Gerzofsky
Operations Director
David Gerzofsky is the Operations Director of FAB.  Previously he worked in customer-facing roles at Aeronaut Brewing. He started out in Sales & Business Development for technology start-ups in New York.

Bautista Gall
Operational Logistics Consultant


Joey Mars
Artist
Visionary pop-surrealist artist based in Massachusetts. Known for his fun colorful T-shirt designs, murals and paintings as well as rock art illustrations and posters for stadium and local alt rock bands. More info at www.joeymars.com

Sean O'Connor
Cofounder of The Boston Calendar
Sean O’Connor is the co-founder of The Boston Calendar-- a website for discovering local, mostly-free events in the New England area inspired by Reddit Boston. The Boston Calendar also operates Sesh, an experiential classrooms platform featuring immersive “sessions" led by local chefs, experts, gurus, and hosts.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $200. They will owe you this amount by 1/1/2030, regardless of revenue.

Amount Raised : $48,200
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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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