Here Today

Here Today

Seattle waterfront craft brewery serving exciting beer, wine, cocktails and food

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Security Type
Membership Units
Categories
Food & Bev
Min Investment
$500
Location
Seattle, WA
Offering Date
October 05, 2020
Expected Close Date
January 21, 2021
Target Raise
$734.00K-$1.07M
Deal Notes

Price per Unit: $100

Valuation
$1,710,000

Company Description

Here Today is first and foremost a brewery--making beer largely for onsite consumption and a limited amount of canned and bottled beer sold out the door as well as kegs sold to a curated list of influencer bar and restaurant accounts. Second, we are a bar and restaurant--serving lunch and dinner to locals and tourists alike.

In five years we want to be a landmark operation on the waterfront, expanding our brewing production significantly. We want to be a household name in the local and regional beer scene as a destination brewery experience. Our goal, however, is always gentle controlled growth. We want to grow in a way that enables us to stay true to our core values of great liquid and even better hospitality. Our number one goal is for people to remember how good they felt when they visited us!Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Perks

Invest $500+ for Here Today Family beer glass
$1,000+ Complimentary year one Here Today Supporters Club Membership
$2,500+ 10% discount on beer consumed in house for one person
$5,000+ 10% discount on beer consumed in house for two people
$10,000+ Guided beer tasting and class with Dave, brewery tour with Mario, or cocktail class with Chris--for two people
$25,000+ We will name a beer after you or someone who inspires you
$50,000+ Sit on Here Today's Board
Invest $500+ for Here Today Family beer glass
$1,000+ Complimentary year one Here Today Supporters Club Membership
$2,500+ 10% discount on beer consumed in house for one person
$5,000+ 10% discount on beer consumed in house for two people
$10,000+ Guided beer tasting and class with Dave, brewery tour with Mario, or cocktail class with Chris--for two people
$25,000+ We will name a beer after you or someone who inspires you
$50,000+ Sit on Here Today's Board

Key Deal Facts

Team has won Spirited Awards, received James Beard nominations, been on Anthony Bourdain, and more!
CEO prev. founded noteworthy bars (No Anchor, Navy Strength, Vinnie’s Wine Shop, NYC's Proletariat).
Stunning design by award-winning firm SHKS Architects in a beautiful new waterfront building.
Tourist district: 6.7M visitors to the Seattle waterfront in 2019. Expected to surpass 20M by 2024.
First mover advantage. $700M waterfront expansion project. Demand for fine beverages is unmet.
Beer distribution to influential bar & restaurant accounts, a community we've been in for 10+ years.

Use of Proceeds

$734,000

  • 68.5% towards leasehold improvements (construction)
  • 24% to professional fees including legal and architecture
  • 7.5% towards wefunder fees 

$1,070,000

  • 40% towards leasehold improvements
  • 37% towards equipment
  • 13% towards professional fees
  • 7.5% towards wefunder fees
  • 2.5% towards working capital 

Management Team / Advisory Board Bios

Chris Elford
Founder & CEO
Award-winning bar owner. Created Navy Strength, 2018 winner of Best New American Cocktail Bar. Opened No Anchor, 2017 Seattle Weekly’s Best New Restaurant & two-time James Beard Semifinalist (Best New Restaurant 2016, Outstanding Bar Program 2018).

Mario Cortes
Head Brewer & Partner
Trained Technical Brewer with a decade of professional craft brewing, recipe development and beverage production experience for breweries in New England, Texas and California. Former Head Brewer at Woods Beer & Wine Co. in San Francisco.

Dave Riddile
Marketing & Operations Director, Partner
Focused branding work in the brewing industry for the last 6 years in Texas and across the country helping small breweries reach larger audiences and build a healthy company culture. Former University Professor.

Deal Notes

Price per Unit: $100

Amount Raised : $0
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Valuation

Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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