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Security Type
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CAFES
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Categories
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Alcohol, Retail, Food & Bev, Community & Lifestyle
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Min Investment
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$100
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Offering Date
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May 22, 2021
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Expected Close Date
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April 29, 2024
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Target Raise
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$75.00K-$618.00K
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No. Investors
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215
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $33,521
- Revenue
- $459,820
- Short Term Debt
- $205,339
- Cost of Goods
- $402,824
- Long Term Debt
- $1,314,780
- Net Income
- $-505,663
Company Description
We have a steadfast goal to fill glasses, bellies, and spirits, all while bringing the rich culture and heritage of Korea into craft brews. We want to join the growing push to open up the industry to more diversity and more inclusion. Dokkaebier aims to refresh the soul, foster togetherness, and delight people in playful and unexpected ways.
Key Deal Facts
Minority-owned small business adding diversity within the craft beer industry
Opened a successful popup in San Francisco generating $185,000 in the midst of Covid19
Finalist in the 2020 Brewbound Pitch Slam Competition
Raising $470,000 within a year of establishing Dokkaebier
Successful collaborations with local non-profits, benefitting frontline healthcare workers
Management Team / Advisory Board Bios
Youngwon Lee, Founder & Chief Dokkaebi
Over 12 years of experience in the food & beverage industry with brands like Stolichnaya, Patron, Armand de Brignac and more. Experience with restaurant, bar and brewery management.
Aaron Weshnak, Head Brewer
Graduating from the Brewing Program at UC Davis, he mastered his craft at some of California’s most prestigious breweries like Russian River, Lost Coast, Sunset Reservoir and the Booth.
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.