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Security Type
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Revenue Sharing
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Categories
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Food & Bev
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Min Investment
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$250
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Offering Date
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April 09, 2021
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Target Raise
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$500.00K-$1.07M
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Security Price
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$1
Company Description
Stone Groove Stillhouse will be Orange County’s premier ingredient-driven, grain-to-glass, "Experiential" MicroDistillery Pub. The founders, Christa and Jeff Duggan, created the Third Wave coffee movement in Orange County in 2011 and grew it into a multi-unit, internationally awarded company.
Key Deal Facts
The founders are building on the enormous wealth of experience gained in experiential retail beverages and wish to replicate their successes via a new cutting-edge "musically influenced" micro-distillery concept based on the successful brew pub model
In addition to direct to consumer sales, we will have additional market opportunities in through distribution and private label deals
The ambition is to take it nationwide and global in short order
Offer high-quality spirits, craft cocktails, our signature coffee, and chef driven food.
Create an exciting and inviting space for our guests to drink, eat, socialize, and simply enjoy life.
Distill our spirits in our pub within guests’ view.
Utilize a proprietary technique to age our spirits in barrel using music as unique form of sound energy to create sonic aging profiles.
Sell bottles of spirits, roasted coffee, and branded merchandise to take home.
Open from morning to night, from brunch to dinner to nightlife.
Offer tasting flights as well as guided, educational fee-based tours
Use of Proceeds
- Space Build-Out for Distillation Operations: $400,000
- Working Capital: $236,890
- Equipment, Supplies, Ingredients: $81,410
- Rent/Leases: $165,000
- Promissory Notes: $75,000
- Consultation & Professional Services Fees: $40,000
- Relocation of Head Distillery to California: $7,500
- Mainvest Compensation: $64,200
Management Team / Advisory Board Bios
Jeff Duggan , Founder/ ACM
Jeff’s educational accolades began in high school when he graduated the Salutatorian of his class. He immediately attended the University of California at Riverside the following summer as a chemistry major. He continued his study in chemistry for the next 3 years before being hired by the City of Los Angeles. Shifting his focus away from natural science to computer science, Jeff attended Champlain College where he obtained his Bachelor’s of Science degree in Computer and Digital Forensics. He spent the next 20 years in a highstakes position in the public safety sector. During this long and prosperous career, he reached the highest level of trust and was tasked with creating and managing new sections and capabilities within his agency. It was from this experience that he gained skills in personnel management, project management, risk mitigation, and cultural diversity. In November 2014, he retired in good standing
Christa Duggan, Founder/ACM
Prior to entering the hospitality industry, Christa was Chief Operations Officer for EFund Capital Management, LLC where she helped to manage the day-day operations of numerous portfolio companies. It was during her tenure that she learned how to identify management teams that were committed financially and emotionally to partnering with a results-oriented investor. She became an expert at identifying strategic and operational benchmarking to improve operating performance and create shareholder value. Her goal and personal philosophy is to always make good small companies even better by imparting her knowledge and guidance to implement positive, growth-producing changes.