Shoot The Moon

Shoot The Moon

Reinventing casual dining by pairing chef-driven food & innovative self-service tap wall

Print
Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Houston, TX
Offering Date
September 30, 2020
Expected Close Date
February 28, 2021
Target Raise
$100.00K-$535.00K
Deal Notes

Investment Multiple: Up to 1.45x

Revenue Sharing Percentage: 10%

Maturity: 48 months

Payments: Monthly

Security Interest: All assets of the business

Ownership % Represented by Securities: 0% equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Early Payment Provision: If the Revenue Sharing Notes are paid in full at least 12 months or more prior to Maturity, the Investment Multiple will be reduced to 1.35x.

Company Description

Shoot The Moon (STM) is an innovative restaurant concept that will offer Houston’s first self-service tap wall, featuring more than 80 options for craft beer, wine, cocktails and spirits. This intriguing beverage selection will be paired with a chef-driven, from-scratch food menu, featuring starters, pizza and healthy options.

Key Deal Facts

First-in-Houston self-service tap wall with over 80 drink options – guests get to be their own bartender (age verification required)
Counter-service format delivers from-scratch, chef-driven food without the fuss and time commitment of a fancy restaurant
Innovative concept eliminates frustration points, such as waiting for a server or bartender to come by and take your order or close out your tab
Guests can order their food and get their next drink at their leisure

Use of Proceeds

Shoot The Moon’s goal is to raise $535,000 via NextSeed investors. The funds raised through this NextSeed campaign will be used for the final interior and exterior fittings and finishes of STM’s first location. That means investors in this campaign will be able to come into the restaurant to see most of those touches they helped make possible once the doors are open. The remaining funds will go towards kitchen equipment, menu development and staff training.

Management Team / Advisory Board Bios

Kevin Floyd
EXECUTIVE DIRECTOR AND PARTNER
Kevin co-founded Anvil Bar & Refuge in 2009 and has opened nine more bars and restaurants in Houston over the past 10 years, including Underbelly/Hay Merchant and UB Preserve. The Houston Chronicle has called Kevin “one of the chief architects of the Houston beer and cocktail scene.”

Dax McAnear
CULINARY DIRECTOR AND PARTNER
Chef Dax McAnear has worked with many of Houston’s top chefs and most creative restaurants, including Ryan Pera of Agricole Hospitality, Monica Pope, Scott Tycer of Kraftsmen and the former Textile, James Beard Award-winner Chris Shepherd of Underbelly Hospitality and Ryan Hildebrand. Dax has also collaborated with Kevin at multiple bars and restaurants. Chef Dax, who is not able to see most colors, has developed his senses of smell and taste to an exceptional degree in order to guide his cooking.

Jonas Herd
DEVELOPMENT DIRECTOR AND PARTNER
Jonas Herd has worked on the design and build-out of Houston restaurants with Collaborative Projects since 2006. Notable clients include: Underbelly, Hay Merchant, One Fifth Houston, UB Preserv, Georgia James, Dish Society San Felipe, Bernie’s Burger Bus Bellaire, Julep Bar, The Pastry War, Cuchara, FM Kitchen, The Rice Box and Nancy’s Hustle. He has also been the proprietor of Cecil’s Pub since 2017.

Deal Notes

Investment Multiple: Up to 1.45x

Revenue Sharing Percentage: 10%

Maturity: 48 months

Payments: Monthly

Security Interest: All assets of the business

Ownership % Represented by Securities: 0% equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Early Payment Provision: If the Revenue Sharing Notes are paid in full at least 12 months or more prior to Maturity, the Investment Multiple will be reduced to 1.35x.

Amount Raised : $0
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
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.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments