Little Biscuit Brewery

Little Biscuit Brewery

A mysterious team is opening a new brewery in Detroit

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Security Type
Secured Loan
Categories
Food & Bev
Min Investment
$100
Location
Troy, MI
Offering Date
November 05, 2020
Expected Close Date
December 01, 2021
Target Raise
$70.00K-$170.00K
Deal Notes

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 

Company Description

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 a beer drinking experience like no other in the city of Detroit. We will push the boundaries of craft beer and food pairings with traditional American biscuits. In brewing, "biscuit" refers to the malt characteristic and aroma of a beer. The biscuit is a simple American classic that provides a blank canvas for creative culinary dishes that increase our guests’ thirst for more beer.

The experience and business relationships that the owners already have in this industry and in the metro Detroit area will allow Little Biscuit Brewery to quickly grow and increase production.

Use of Proceeds

Startup costs & Marketing

Management Team / Advisory Board Bios

Brewmaster
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.

Deal Notes

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 

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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