Farthest Star Sake

Farthest Star Sake

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Medfield, MA
Offering Date
September 01, 2020
Expected Close Date
November 04, 2020
Target Raise
$100.00K-$150.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $185. They will owe you this amount by 1/1/2027, regardless of revenue.

Company Description

Farthest Star Sake brewery and taproom will be the only one of its kind in New England. With fewer than 20 sake breweries in North America, our brewery and taproom will be on the frontier of sake brewing.

The brewery will launch with traditional filtered and cloudy sake styles available in the taproom,  restaurants, and stores. The taproom will have a fun atmosphere and provide opportunities for engagement in the community, consumer education and events, and sampling experimental batches and lesser-known Japanese styles.

Farthest Star Sake is inspired by and holds to the following tenets: * We are product-centered and focused on delicious, local, fresh, sometimes-innovative sake. Companies that use marketing to drive brewing decisions falter; they are the opposite of us. * We support work-life balance—not just for owners, but for all employees. We all deserve a balanced life. * We are accessible and transparent. Consumers will have full access to the sake-brewing experience, including the mundane stuff. We will educate and lead by example. * We are open to education: always teaching and learning. We will start by making and introducing traditional styles released in bottles to educate the market, but will experiment and push boundaries in the taproom to encourage visitors and ourselves. * We will keep one eye toward the past (traditional styles first) and the other eye toward the future (experimental and local ingredients). * Our work will be fun, because, if we work in the alcohol industry and aren't having fun, we’re doing it wrong.

Use of Proceeds

  • Leasehold Improvements: $48,000
  • Equipment: $52,000
  • Pre-paid: $9,000
  • Inventory: $32,000
  • Mainvest Compensation: $9,000

Management Team / Advisory Board Bios

Todd Bellomy
Founder/Brewer
Todd Bellomy is working as a sake/beer industry consultant while developing New England's only sake brewery, Farthest Star Sake. Todd grew up in a small town in Maine and has always looked toward the horizon. He has a life-long love of science fiction and adventure. Todd has many years of alcohol and restaurant industry experience. He is an experienced sake brewer versed in all aspects of running a sake brewery, including regulatory compliance, public relations, brand development, consumer education, sales, and quality assurance. He holds certifications as a Cicerone and Sake Advisor. Once upon a time, he lived in Japan, visited izakaya, and worked as a sword maker's apprentice and English teacher. Todd loves great sake--making it, drinking it, and introducing people to it.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $185. They will owe you this amount by 1/1/2027, regardless of revenue.

Amount Raised : $112,300
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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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