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Security Type
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Revenue Sharing
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Categories
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Hospitality
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Min Investment
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$100
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Offering Date
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August 13, 2021
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Expected Close Date
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October 04, 2021
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Target Raise
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$150.00K-$400.00K
Company Description
NettBar's name stems from the street of the original location. Nett, meaning "nice" or “kind” in German is the exact atmosphere they wanted their guests to experience when visiting. John and Oswaldo succeeded in creating a feeling that encourages a strong sense of community in a social, active and fun setting, bringing neighbors together while cultivating a loyal and long-standing customer base. This second NettBar location will solidify the concept, as well as serve as the foundation for further growth plans of 3-5 bars inside 610 Loop and other suburban growth areas outside of Metropolitan Houston.
Key Deal Facts
The new Shady Acres location offers a bigger footprint, more covered outdoor space and new fenced in area for family friendly activities.
The Shady Acres neighborhood is a densely populated residential area, and it's home to a number of Houston’s most successful patio bars, restaurants and local breweries.
The dedicated kitchen will be driven by Chef Matt Mui. It expands NettBar’s ability to provide residents with greater service and creates upside for the bottom line.
NettBar is leveraging its relationships and battle-tested weekly programming schedule to help drive business growth at the new location.
Use of Proceeds
- NettBar Shady Acres anticipates that the total cost of the project will be approximately $500,000.00. The team is seeking to crowdfund an amount between the minimum of $150,000.00 and maximum of $400,000.00 through the Offering. NettBar Shady Acres has also raised $100,000.00 through sale of equity interests. If NettBar Shady Acres is able to complete a successful Offering, the members of the Issuer have committed to provide or arrange for sufficient financing for the Issuer to cover the remaining balance of the project cost.
Management Team / Advisory Board Bios
John Caravello, COO
John Caravello is a proud Houstonian that moved here in the 1980's from New York City. With over 22 years of experience in the hospitality industry as an owner and operator, John is widely respected by both peers and vendors throughout the hospitality industry. In his early 20’s, John began working as a concierge and host, focusing on guest relations and private events in some of Houston’s quintessential nightlife venues.
Oswaldo Guitierrez, CEO
Oswaldo Gutierrez is the owner of XCS Expert Consulting Services Inc., leading it as an experienced systems architect with over 27 years of technology consulting, helping large companies run their businesses more efficiently by improving their systems and processes through custom-fit technology solutions. Oswaldo obtained an MBA in Finance from Our Lady of the Lake University executive program in 2004 to further broaden his understanding of the business world.