Swedesboro Brewing

Swedesboro Brewing

Kevin & Marvin are raising funds to open their brewery

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Swedesboro, NJ
Offering Date
October 29, 2020
Expected Close Date
December 22, 2020
Target Raise
$30.00K-$150.00K
Deal Notes

Loan Purpose: Open retail space, purchase equipment, supplies, marketing and admin expenses 

Interest Rate: 9.50% annually

Payments: Monthly, disbursed to investors quarterly 

Maturity: 36 months

Personal Guaranty: Kevin Bain

Security Interest: Blanket lien on assets of company 

Company Description

Swedesboro Brewing Company (SBC) is a taproom brewery based in South Jersey, specifically Gloucester County, New Jersey (NJ). It is the first brewery established in Swedesboro and the immediate surrounding area of Woolwich Township. Swedesboro is home to over 2,500 people and Woolwich Township has a population of approximately 12,500 people. Collectively, this area of South Jersey has grown by more than 20% over the last decade, as compared with a modest 2.5% increase in the NJ population overall. Additionally, approximately one-third (32.5%) of residents of Swedesboro and Woolwich Township are between the ages of 25 and 44 years, which is the average age range of regular craft beer drinkers in the United States. These data indicate that the geographic area in which SBC resides is a ripe demographic target for the craft brewing industry.

Swedesboro Brewing Company strives to produce exceptional beer of the highest quality that is rooted in the rich history of traditional brewing. Our craft beers are inspired by the unique history of Swedesboro and each beer has its own backstory that pays homage to the area. The company’s current product line of eleven (11) beers includes traditional beer styles, such as Lager and Pilsner, as well as top styles that are flourishing in the marketplace, including American-Style IPA and Juicy (Hazy) IPA, with plans to add more beer styles in the near future. Each beer is hand-crafted using time-honored methodologies, state-of-the-art brewing equipment, and the finest natural ingredients from the tri-state area and around the world.

The target customers for SBC are men and women of legal-drinking age that are already regular craft beer drinkers and those who have an affinity for historic beer styles, as well as food and beverage businesses that sell beer for dining or retail. Using a multi-tiered method, SBC sells directly to customers through on-site taproom sales and carry-outs at the brewery, and sells indirectly through self-distribution to retailers including restaurants, bars, and liquor stores. Although SBC originally planned to generate approximately 60% of beers sales directly from taproom sales, with the advent of the COVID-19 pandemic, the SBC business model has changed to generate approximately 75% of beer sales from carry-outs (e.g., cans, crowlers, and online purchases) and local distribution, with the other 25% generated from in-person taproom sales. Notwithstanding the unfortunate occurrence of the pandemic, this presents a serendipitous opportunity for SBC to increase beer sales in the culinary industry and to reach regional communities with expanded distribution as well.

Key Deal Facts

Swedesboro Brewing Co was recently featured on 'Jersey Beer Guys and a Girl' podcast.
The company was recently mentioned in an article on NJ.com titled, "Raise a pint: These 18 craft breweries are on their way to N.J."
Swedesboro Brewing Co is recognized as a Brewery in Planning by NJBA

Management Team / Advisory Board Bios

Marvin Bowe manages the taproom, marketing/branding, event planning and retail operations. Marvin’s professional experiences have always been customer oriented. From his experience in retail, including serving ice cream and sandwiches at his neighborhood deli through high school to managing a chain of high-end watch stores through college, to a 25+ year career in marketing and advertising, he has a plethora of experience needed to proudly serve the community of Swedesboro. Marvin’s experience with brewing started back in college and continues in his home bar to this day, although he admits that it’s time to graduate to the next level.

Kevin Bain manages brewhouse operations, company financials, and brewery regulations. In addition to decades of experience with home brewing, Kevin has had a 20-year career as an allied healthcare professional, research scientist, and healthcare educator, as well as been in numerous senior leadership roles including Vice President, Senior Vice President, and Associate Chief. From his didactic scientific training to his clinical practice and leadership experience, Kevin has the skills needed to produce beer of the highest quality for the community of Swedesboro.

Deal Notes

Loan Purpose: Open retail space, purchase equipment, supplies, marketing and admin expenses 

Interest Rate: 9.50% annually

Payments: Monthly, disbursed to investors quarterly 

Maturity: 36 months

Personal Guaranty: Kevin Bain

Security Interest: Blanket lien on assets of company 

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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