Oz. Tap House

Oz. Tap House

Family-friendly beer garden in Austin, TX with 40 beers on tap, poured by the ounce. Serving farm-to-table food and boasting a dynamic entertainment space. View offering

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Austin, TX
Offering Date
August 31, 2018
Expected Close Date
November 29, 2018
Target Raise
$150.00K-$175.00K
Deal Notes
  • Securities: Revenue Sharing Notes
  • Offering Amount: Minimum $150,000 to maximum $175,000
  • Investment Multiple: 1.50x
  • Payments: Monthly
  • Revenue Sharing Percentage: 1.50% of the Issuer's monthly gross revenue will be shared during the first year of operations (starting with the first full month in which the Issuer generates revenues), 6.55% of the Issuer's monthly gross revenue will be shared after the first year of operations
  • Maturity: 42 Months
  • Security Interest: Blanket lien on all assets of the business, junior to equipment liens provided to secure equipment loans
  • 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

Texas has no shortage of breweries, but what if you could enjoy the best offerings all in one place? With 40 taps, all poured by the ounce, patrons of Oz. Tap House can enjoy multiple craft brews in a single sitting—all at varying amounts and a reasonable price. How it works: You’ll be presented an RFID card upon check-in. From there, you’ll be able to access the smart taps and begin tasting to your heart’s content. The Oz. Tap House promise: To deliver the ultimate beer tasting experience, equally guided by both the house professionals (cicerones) and your own taste, in a social dining atmosphere

Perks

EARLY BIRD REWARD: 92 of 100 available
An additional $50 Gift Card to Oz. Tap House
Invest $500 or more: Invitation for 2 to a VIP Launch Party
Invest $1,000 or more: Invitation for 4 to a VIP Launch Party
Invest $5,000 or more: Invitation for 6 to a VIP Launch Party
Invest $10,000 or more: Invitation for 8 to a VIP Launch Party
Invest $25,000 or more: Invitation for 10 to a VIP Launch Party

Key Deal Facts

Family-friendly beer garden with dynamic socializing and entertainment spaces
Introducing groundbreaking Table Tap technology to Austin area
Emphasis on both quality and convenience provides an unparalleled customer-driven experience
Highlighting the best of local breweries, farm-to-table produce and live entertainment

Use of Proceeds

The total anticipated project cost for Oz. Tap House is $450,000. The owners have committed $110,000 in equity to date. Proceeds from the minimum NextSeed raise of $150,000 will be used for build-out, primarily removing and adding a small handful of walls, redesigning the restrooms, main inside space and kitchen, and patio clean up. Funds raised above the $150,000 minimum to the $175,000 maximum will be put towards working capital for the project.

Management Team / Advisory Board Bios

Sean and Krista Kanter
Founders
The sole manager of Oz. Tap House is Sean Kanter. Sean and Krista Kanter together have over 35 years of experience in the restaurant and catering industry. Sean began his restaurant career at the age of 15, dishwashing at a BBQ restaurant that did 700 covers a night, and it was all uphill from there. He worked his way up from busboy to server, to bartender, to manager, to multi-unit leader, to operations director, to franchise owner. Not only did he own his own restaurants, Sean mentored other franchisees in their quest to restaurant ownership and helped open over 30 stores. Sean’s passion is to develop the systems, operations and culture of the restaurant. This is the life blood of not only restaurant, but any successful business. Sean is additionally a U.S. Army Veteran, having served 2 tours overseas. After Sean’s military tours and during his restaurant career, he raised two beautiful children, Cole and Bella Kanter, with Krista Kanter, his revered wife.

Deal Notes

  • Securities: Revenue Sharing Notes
  • Offering Amount: Minimum $150,000 to maximum $175,000
  • Investment Multiple: 1.50x
  • Payments: Monthly
  • Revenue Sharing Percentage: 1.50% of the Issuer's monthly gross revenue will be shared during the first year of operations (starting with the first full month in which the Issuer generates revenues), 6.55% of the Issuer's monthly gross revenue will be shared after the first year of operations
  • Maturity: 42 Months
  • Security Interest: Blanket lien on all assets of the business, junior to equipment liens provided to secure equipment loans
  • 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 : $74,200
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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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