Hopsters

Hopsters

Nationally expanding brewery/restaurant featuring brew-your-own-beer experience

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Security Type
Other
Categories
Other
Min Investment
$2,000
Location
Newton, MA
Offering Date
October 03, 2018
Expected Close Date
March 31, 2019
Target Raise
$1.07M
Deal Notes

Waterfall agreement

Hopsters LLC is offering equity in all Hopsters current and future locations. $500 equals one Unit in the form of Series A4 Preferred Units.

The Board will then elect to distribute profits to investors, You will first earn 2% of your total investment from profits (net cash flow) and if there are still profits remaining, 80.8% will be distributed pro rata amongst investors. Once this has been paid, it will then be 19.2% of profits distributed, pro rata. See subscription agreement for specific details.

Company Description

Hopsters is unique experience. You could probably call us a brew your own beer brew pub. What that means is you come in, we ask you what beer you like to drink, then we help you make 3 cases of your own handcrafted beer. It takes about 2 hours and it's a fun experience. You can do it with friends, as a corporate group, team building, on a date, or by yourself. During those 2 hours when you're brewing, we have a full restaurant, so you can eat and drink while you are making your own beer.

Use of Proceeds

If we raise: $300,000

We currently expect to use approximately 95% of the net proceeds from this offering on operational expenses and working capital requirements and the remainder of the net proceeds to pay the Wefunder intermediary fee.

 

If we raise: $1,070,000

We currently expect to use approximately28% towards brewing and restaurant equipment; 67% towards construction of the Restaurant and the remainder of the net proceeds to pay the Wefunder intermediary fee.

Management Team / Advisory Board Bios

Lee Cooper - Founder
Before Hopsters Lee worked in financial services in the field of organizational development, helping managers become better leaders. Now he spends his days trying to practice what he preached!

Karen Cooper - Founder/Owner
Karen is a recovering lawyer, who kicked Lee out of homebrewing in her Kitchen and helped him dream up Hopsters. Karen now runs brewery operations with a focus on Corporate and Customer Relations

Deal Notes

Waterfall agreement

Hopsters LLC is offering equity in all Hopsters current and future locations. $500 equals one Unit in the form of Series A4 Preferred Units.

The Board will then elect to distribute profits to investors, You will first earn 2% of your total investment from profits (net cash flow) and if there are still profits remaining, 80.8% will be distributed pro rata amongst investors. Once this has been paid, it will then be 19.2% of profits distributed, pro rata. See subscription agreement for specific details.

Amount Raised : $365,401
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