Studly Brewing Company

Studly Brewing Company is seeking investment
to finish buildout and open a new brewpub in Chesapeake, Virginia.

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Security Type
Revenue Sharing
Categories
Food and Bev
Min Investment
$100
Location
CHESAPEAKE, VA
Expected Close Date
July 15, 2022
Amount Raised
$49,300
Target Raise
$70K-$200K
No. Investors
46
Security Price
$1
Investment Multiple
1.4×
Business’s Revenue Share:
2%-5.7%
Securitization
None
Maturity Date
December 31st, 2027
Number of Employees
1
Cash
$0
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Company Description

“If we won the lottery, I’m going to open up a brewery,” Blake Edmunds would often tell his wife, Kristin, after one of his longer days in the office. Blake thought about that phrase often and wondered does it take winning the lottery to open a brewery?

In January of 2020, Blake decided to find out how to turn his homebrew hobby into a career and began reading up on what it would take to pursue his dream. Next thing you know, Blake is in Montrose, Colorado during the summer of 2021 learning from a mentor and industry legend, Tom Hennessey, and his crew on how to successfully open his own 7-barrel brewpub serving craft pizzas and salads. Soon after that, Blake hung up his fifteen-year career in collegiate athletics and minor league baseball, packed up the family in Columbia, SC and moved back to his hometown of Chesapeake, VA to pursue opening Chesapeake’s next brewery.

Studly Brewing got its name from the self-given name that Blake’s childhood friends gave each other, The Studly Club – a rag tag group of guys that attended Hickory High School and played Little League together. All of which are still very close friends till this day and many of whom still live in Chesapeake. Studly Brewing pays homage to those friendships and the bond sports gave them growing up. Along with Blake’s experience working in sports, Studly Brewing will be a tasteful nod to America’s pastime, baseball, and will have many similarities of a minor league team: a family-friendly, light-hearted fun time.

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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