Pour Behavior

Pour Behavior

A first-of-its-kind dining and entertainment concept in Midtown Houston. Created by a team with exceptional local nightlife experience. View offering

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Houston, TX
Offering Date
May 04, 2018
Expected Close Date
September 07, 2018
Target Raise
$200.00K-$700.00K
Deal Notes
  • Security: Revenue Sharing Notes
  • Offering Amount: Minimum $200,000 to maximum $700,000
  • Investment Multiple: 1.50x to 1.60x
  • Payments: Monthly
  • Revenue Sharing Percentage: Revenue streams will come from food and beverage sales, event space rentals, merchandise, cover and ticket sales. If the final offering amount raised is less than or equal to $350,000, then 3.25% of monthly gross revenue will be shared. If the final offering amount raised is greater than $350,000 but less than or equal to $500,000, then 4.55% of monthly gross revenue will be shared. If the final offering amount raised is greater than $500,000 but less than or equal to $700,000, then 6.5% of monthly gross revenue will be shared.
  • Maturity: 48 Months
  • Security Interest: Blanket lien on all assets of the business
  • Ownership % Represented by Securities: 0%. Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.

Company Description

Pour Behavior marks a first-of-its-kind dining and entertainment concept in Houston from a team with exceptional nightlife experience. Boasting 12,000 square feet in both indoor and outdoor space, the venue has the capacity to transform for any given occasion. Houstonians should expect a dynamic destination that operates as bar by day and as a higher-energy event and socializing space come evening and weekends. Pour Behavior will capitalize on sports, live entertainment and a unique food and beverage program. Over 50+ television screens and large projectors will air all major sporting events including Pay-Per-View. Nightly programming will fill up the week with events that range from DJ sets to live bands and more.

Perks

EARLY BIRD REWARD: 69 of 100 available
Complimentary bottle on your birthday
Invest $100 or more: 2 Private VIP Launch Party Invitations
Invest $500 or more: 4 Private VIP Launch Party Invitations
Invest $1,000 or more: Pour Behavior Silver Card (see below)
Invest $2,500 or more: Pour Behavior Gold Card (see below)
Invest $5,000 or more: Pour Behavior Platinum Card (see below)
Invest $10,000 or more: Free draft beer for LIFE! (1 per day in perpetuity)
Invest $25,000 or more: Name a Table - In order of investment, pick a table to name which guarantees your section for Fri/Sat/Special Events/Concerts (Name to be approved)
Invest $50,000 or more: Complimentary Tasting & Name a Cocktail - Add your story to the menus as a description of the cocktail you name. (Name to be approved)

Key Deal Facts

Versatile day-to-night dining and entertainment experience
Respected founders have proven success in the nightlife, restaurant and hospitality industries
Similar concepts have gained significant traction in major cities like San Diego, Phoenix, Los Angeles and Dallas
Located in Midtown Houston, a neighborhood that's booming with new businesses and residential construction
This investment is secured by a blanket lien on all assets of the business ?

Use of Proceeds

The total anticipated project cost for Pour Behavior is $1 million. The owners have committed $400,000 in equity to date. Proceeds from the NextSeed raise will fund the buildout of Pour Behavior’s multi-functional space. Funds raised above the $200,000 minimum will contribute towards a state-of-the-art A/V setup, the bar system, and furniture and fixtures. The final $115,000 will be put towards working capital for the project.

Management Team / Advisory Board Bios

Joe Arbeely
Co-Founder & Managing Partner
Joe has gained recognition and success as an entrepreneur by delivering exceptional customer service and unmatched concept designs for over two decades. Starting with a passion for the custom audio video industry, Joe opened Audio Vision in 1996 and developed a reputation and a craft to create truly impressive interior designs and unique audio video experiences.. In 2011, Joe brought those same qualities to the hospitality industry when he designed and opened Lumen, an upscale lounge and event space in Upper Kirby. Lumen immediately captured a loyal customer base and has remained a hot spot for Houstonians to enjoy for 7 years and counting. In early 2016, Joe opened his new concept On The Kirb, an organic eatery and sports bar focusing on organic foods, craft cocktails and local beers on tap, while boasting an impressive sports and entertainment vibe. Joe is now excited to bring his 23 years of business and customer service experience to Pour Behavior.

Michael Chase LoVullo
Co-Founder
With over 25 years in the service industry, Chase has opened some of Houston’s most unique nightlife spaces. This includes Brixx on Washington, V21, and Proof Rooftop Lounge. The latter was named Zagat’s #1 rooftop bar in Houston and the #3 rooftop bar in the nation. His most recent projects include The Runway and Humble’s 10,000 square-foot Element Nightclub.

Roveen Abante
Co-Founder
Roveen has amassed over 15 years of experience in sales and marketing across multiple industries, from technology and IT to nightlife and hospitality industries. His career spans stints with Motorola and the launch (and sale) of his own software development company.

Deal Notes

  • Security: Revenue Sharing Notes
  • Offering Amount: Minimum $200,000 to maximum $700,000
  • Investment Multiple: 1.50x to 1.60x
  • Payments: Monthly
  • Revenue Sharing Percentage: Revenue streams will come from food and beverage sales, event space rentals, merchandise, cover and ticket sales. If the final offering amount raised is less than or equal to $350,000, then 3.25% of monthly gross revenue will be shared. If the final offering amount raised is greater than $350,000 but less than or equal to $500,000, then 4.55% of monthly gross revenue will be shared. If the final offering amount raised is greater than $500,000 but less than or equal to $700,000, then 6.5% of monthly gross revenue will be shared.
  • Maturity: 48 Months
  • Security Interest: Blanket lien on all assets of the business
  • Ownership % Represented by Securities: 0%. Investors will not receive any equity interests in the Issuer or any voting or management rights with respect to the Issuer as a result of an investment in Securities.
Amount Raised : $700,000
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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