Redemption Rock Brewing Co.

Redemption Rock Brewing Co.

Mission-driven, community-focused craft brewery taproom and cafe

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Security Type
Debt/Note
Categories
Food & Bev
Offering Date
October 19, 2018
Expected Close Date
January 17, 2019
Target Raise
$50.00K
Deal Notes

Promissory Note

6.0%interest

First $50K investors will receive 6.0% interest and an additional 2.0% interest.

2.0%additional interest

24months

The promissory note pays 6.0% quarterly over 24 months. The yield to maturity is 6.0%.

Company Description

First, we're opening in an under-served market (Worcester, MA) that is in the process of reinventing itself through positive change and an engaged, passionate citizenry that takes pride in local businesses. 

Perks

$250+: Founders club sticker & your name on our founders wall, as well as a gift card for three crowlers.
$500+: Swag gift pack that includes a t-shirt, beer glass and logo diner mug, all special editions only available to WeFunder investors.
$1,000+: Swag pack upgrade! In addition to the $500 level merch items, you'll get a special edition sweatshirt, specialty glass and coffee mug.
$2,500+: Free space rental for your private event in our 1000sf "indoor patio" space (up to 75 people). Birthday, engagement, corporate party, it's up to you! We'll even buy the first round!
$5,000+: Invite to a pre-opening, investors-only party with a behind-the-scenes tour with the founding team, guided tasting of our launch beers and catering from local Worcester businesses. Four tickets per investor.
$10,000+: Design and name a beer with our founding team. We'll even host a private release party for your beer when we tap it as a special thank you for your contribution.

Use of Proceeds

If we raise: $50,000

  • 95% -- Finish building out the taproom
  • 5% -- Wefunder intermediary fee

 

If we raise: $100,000

  • 45% -- Finish building out the taproom
  • 50% -- Build out additional facets we hadn't intended to until later - like a crowler seamer for to-go beer
  • 5% -- Wefunder intermediary fee

Management Team / Advisory Board Bios

Danielle Babineau
CEO
Babson MBA '15, with a focus on entrepreneurship. Certified Cicerone. Experience in working in craft beer retail and taprooms.

Greg Carlson
Brewer
Siebel Institute of Technology graduate. Experienced home brewer with commercial brewing experience.

Dan Carlson
Marketing
Content manager at industry-leading tech start-up, building on a decade in marketing and PR.

Kevin KIrkness
General Manager
Experienced hospitality professional, currently managing the bar at Cambridge Brewing Co.

Deal Notes

Promissory Note

6.0%interest

First $50K investors will receive 6.0% interest and an additional 2.0% interest.

2.0%additional interest

24months

The promissory note pays 6.0% quarterly over 24 months. The yield to maturity is 6.0%.

Amount Raised : $29,192
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Security Description

A note is a financial security that generally has a longer term than a bill but a shorter term than a bond.

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