Băo Brewhouse

Băo Brewhouse

China-inspired restaurant, bar, and tea room

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Denver, CO
Offering Date
October 16, 2020
Expected Close Date
December 17, 2020
Target Raise
$30.00K-$60.00K
Deal Notes

 Interest Rate: 10.50%

 Payments: Monthly, disbursed to investors quarterly 

 Maturity: 6 months interest only + 54 months fully amortizing

 Personal Guaranty: Michael Swift

 Security Interest: Purchase money lien 

Company Description

Did you know there are eight major cuisines in China, but only one is predominately served in the US? Well, we are no regular “Chinese restaurant,” and Bao Brewhouse will be a never-before-seen concept in Denver, Colorado. The owner of Bao Brewhouse has traveled all over China and knows the best dishes from each region, which will be put on display in downtown Denver. Now, combine that with a legendary space in this city. 

Since we have the bare bones of Euclid Hall to get creative, all three floors will be transformed into something different yet cohesive to our Bao Brewhouse story. Meshing the new/trendy generation with the traditional, the restaurant will encompass a specific area in China that will offer diversity on each floor. 

The main level of the restaurant will be a blend of fast casual/quick service with the look and feel of an ultra-modern city in China. The second level will take you into old China with intimate premium dining and a tea room experience geared towards longevity in a patron’s stay. The basement will be a speakeasy giving you a glimpse into the kitchen while offering exotic and unique Chinese flavor-infused cocktails. Each level will transform the guest into a different world where they can taste, smell, and visually partake in the Chinese culture.

We are raising $60,000 paid at a 10.50% interest rate with a six month interest-only period and a 54 month fully amortizing period.

Perks

$100 - $999 Special “Bao Pass”; invited to opening tasting; have input on the menu; first opportunity to get tickets to special events
$1000 - $2200 Special “Bao Pass”; invited to opening tasting; have input on the menu; first opportunity to get tickets to special events; 10% off whole party (up to four guests); industry happy hour every day
$2201 - $4999 Special “Bao Pass”; invited to opening tasting; have input on the menu; first opportunity to get tickets to special events; industry happy hour every day; 20% whole party (up to four guests); same-day seating
$5000+ Special “Bao Pass”; invited to opening tasting; have input on the menu; first opportunity to get tickets to special events; industry happy hour every day; 30% whole party (up to four guests); walk-in seating whenever you want

Use of Proceeds

  • Furniture $10,000
  • Startup expenses $10,000
  • Working capital $40,000

Management Team / Advisory Board Bios

Michael Swift

Michael Swift has been working in the restaurant and beverage industry for twenty years. Swift’s career started with bartending in Philadelphia as a young and eager twenty-one year-old. After getting the taste of the industry, he went back to school to get a degree in Hospitality Management. While working his way through Penn State as a bartender, cook, and hotel sales/marketing assistant, he learned all aspects of the hospitality business. Once he received his diploma, his hospitality career took off with his first job working for the Hyatt in North Lake Tahoe. As a twenty-five year-old, Michael realized he had more of a passion towards the nightclub hospitality industry rather than hotels. Given that, Swift took the next step and traveled to South Lake Tahoe to run nightclubs. Fast forward fifteen years later, Michael’s job experience and dedication have grown exponentially from living all over the country. He started out as a bartender and growing towards numerous manager positions, such as marketing, sales, and general manager for multiple companies including the following: Burton Snowboards, Budweiser, Evolab, and a tech start up company. After that, Michael needed a change. With his experience and world travels, he decided he wanted to escape to the mountains to regroup and figure out what his next steps would be. In Aspen, he became a general manager of an Asian Fusion restaurant where his mind and creativity started to wander and the concept building for his own venture started. Learning and studying Asian food as well as bringing his own flare for beverages and marketing into the mix, Michael not only helped grow the restaurant, but he doubled the business and sales within one year. Now, sitting on twenty years of experience and knowledge, Michael Swift has decided that he is more than ready and eager to start a venture of his own.

Deal Notes

 Interest Rate: 10.50%

 Payments: Monthly, disbursed to investors quarterly 

 Maturity: 6 months interest only + 54 months fully amortizing

 Personal Guaranty: Michael Swift

 Security Interest: Purchase money lien 

Amount Raised : $0
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Security Description

Secured debt is debt backed or secured by collateral to reduce the risk associated with lending. If the borrower on a loan defaults on repayment, the debt holder can seize the collateral, sell it, and use the proceeds to pay back the debt. Assets backing debt or a debt instrument are considered as a form of security, which is why unsecured debt is considered a riskier investment than secured debt.

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