Brownrigg Hard Cider

Brownrigg Hard Cider

Award-winning producer of fast-selling and distinct hard apple cider

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Seattle, WA
Offering Date
September 16, 2020
Expected Close Date
December 15, 2020
Target Raise
$50.00K-$250.00K
Deal Notes

Investors in the first $60k of the raise will receive 5% of revenues each quarter until 100% of your principal is returned plus 150% on top.

Valuation
$5

Company Description

Brownrigg Hard Cider is a flavor focused 20 barrel craft cidery and taproom in the SODO neighborhood of Seattle. Opened in 2017 by orchardist and cider maker Chris Brownrigg, who's unique recipes created an obsessively loyal fanbase eager for each new distinct cider.

Since then, we have enormously exceeded our business targets with sales increasing 173% in our first full year (2019/2018). 

Perks

Invest $100+ for Your name on a custom plaque to be displayed in our taproom.
$250+ Your name on a custom plaque to be displayed in our taproom and a growler fill of your choice.
$500+ Your name on a custom plaque to be displayed in our taproom and a special free growler fill of a small batch cider.
$1,000+ Your name on a custom plaque to be displayed in our taproom and a special free growler full of small batch cider and 2 tickets to our release party for that batch.
$5,000+ Your name on a custom plaque to be displayed in our taproom and aspecial free growler fill of a small batch cider and dinner for two at Seattle's Il Nido Restaurant. Dinner value $250.
$10,000+ Your name on a custom plaque to be displayed in our taproom and an exclusive "Black Card" that provides access to any special cider release and $200 in taproom credit to spend once a month for the holders lifetime.
Invest $100+ for Your name on a custom plaque to be displayed in our taproom.
$250+ Your name on a custom plaque to be displayed in our taproom and a growler fill of your choice.
$500+ Your name on a custom plaque to be displayed in our taproom and a special free growler fill of a small batch cider.
$1,000+ Your name on a custom plaque to be displayed in our taproom and a special free growler full of small batch cider and 2 tickets to our release party for that batch.
$5,000+ Your name on a custom plaque to be displayed in our taproom and aspecial free growler fill of a small batch cider and dinner for two at Seattle's Il Nido Restaurant. Dinner value $250.
$10,000+ Your name on a custom plaque to be displayed in our taproom and an exclusive "Black Card" that provides access to any special cider release and $200 in taproom credit to spend once a month for the holders lifetime.

Key Deal Facts

Our taproom sales up 37% in 2020 (1st 6 months, 2020/2019).
Our combined yearly retail and wholesale sales increased 173% in 2019.
Popular SODO taproom located 1/2 mile from the Seattle Seahawks, Mariners and Sounders FC stadiums.
Craft cider demand up 10% in the Pacific Northwest in 2019.
We maintain a 5-star rating on all major online platforms with two Double Gold medals (2018 & 2019).

Use of Proceeds

$50,000

  • 31% towards uncommitted funds to be used for business operations as necessary such as payroll, overhead, additional staffing and production expenses;
  • 25% towards machinery and equipment;
  • 20% towards accumulated debt;
  • 11.5% towards taproom improvement expenses;
  • 5% towards offering expenses;
  • 7.5% towards platform fees. 

$250,000

  • 56.5% towards uncommitted funds to be used for business operations as necessary such as payroll, overhead, additional staffing and production expenses;
  • 20% towards accumulated debt;
  • 6% towards machinery and equipment;
  • 5% towards taproom improvement expenses;
  • 5% towards offering expenses;
  • 7.5% towards platform fees.  

Management Team / Advisory Board Bios

Christopher Scott Brownrigg
Owner, Cidermaker
A longtime home cider maker Chris transitioned careers from communications to cider making in 2016. Opening the cidery in 2017, Chris was able to triple cider production by 2019 introducing a barrel ageing program and creating over 40 unique recipes.

Mariana Gonzalez
Partner, Assistant Cider Maker
Mariana became obsessed with Brownrigg Hard Cider in 2019, so she naturally decided to work with Chris to make cider and promote the product. In her free time, she volunteers at a greyhound shelter and goes hiking.

Robert E. Well
Partner, Graphic Designer, Brand Consultant
Robert's passion for photography spread to interest in digital imaging and graphic applications. With his experience in print production and graphic design, Robert brings a unique balance of technical and creative skill to his projects.

Deal Notes

Investors in the first $60k of the raise will receive 5% of revenues each quarter until 100% of your principal is returned plus 150% on top.

Amount Raised : $0
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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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