The three main owners are taking their passion onto the next step: building and operating their own craft brewery right here in Detroit. The craft beer industry has exploded in recent years, yet the Detroit market has few quality brewery options. Little Biscuit Brewery will be a 3,000 sq. ft. craft brewery producing high-quality, fresh beer for local and regional markets. The brewery and taproom will be located at the corner of Charlevoix and Chene in Detroit's McDougall Hunt neighborhood. The business owns the property, which is a huge advantage as any business owner knows.
We will brew craft beer for sale on-premise in a tap room as well as at wholesale for distribution to bars, restaurants and retailers statewide. We will provide guests with high-quality craft beer options and... [Read More]
Food and Bev
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.
November 05, 2020
December 01, 2021
Open to Investors
Startup costs & Marketing
In his current role at a local microbrewery, he is responsible for production operation with annual production volume of 2,500+ barrels. He has extensive training in the field. He oversees the production of about 100 different recipes. He has developed recipes that have many national and regional awards for his recipes.
Business Development Director
Currently, he is leading business development as the vice president of a brewing facility. With his 23 years' of experience in brewing operations, on- and off-premise craft beer sales, marketing and brand management, he adds extreme value to the Little Biscuit team and provides easy early access to wholesale distribution.
Brewery Maintenance Supervisor
Drawn to tools and machinery at an early age, he started working at his father's print shop when very young. He later served in the U.S. Navy as an Aviation Electronics Technician and following his 8 years of service, went to work at Pepsico where he ran third shift maintenance. He currently runs the maintenance program at a large-contract brewing facility and since starting there, has taken the production line efficiencies from under 60% to routinely averaging over 90% efficiency with less than 3.5% material loss. He has installed and commissioned a twenty-tap draft system, new standalone draft keg coolers and an entire production and packaging line.
Interest Rate: 8.00% annually
Payments: Monthly, disbursed to investors quarterly
Maturity: 6 months interest only + 54 months fully amortizing
Personal Guaranty: Chene Holdings LLC
Security Interest: Blanket lien on assets of company