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Security Type
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Debt
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Categories
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Alcohol
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Expected Close Date
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September 05, 2022
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Target Raise
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$50.00K-$250.00K
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No. Investors
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7
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Security Price
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$1
- Number of Employees
- 10
- Cash
- $13,327
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $8,327
- Net Income
- $0
Company Description
Designed as a community gathering spot with a focus on hand-crafted food, spirits, and wares, The Distillery at South Shore will feature a restaurant with indoor and outdoor seating, a 5,000 square foot craft spirits distillery, and a tasting room with walk-up access from the Riverwalk, an eclectic artisanal marketplace with local merchants sharing their craft, a rooftop bar with expansive views of downtown Pittsburgh, and much more.
Key Deal Facts
The Distillery at South Shore is the culmination of a multi-year vision to be Pittsburgh’s representation of other successful iterations of the concentrated, multi-faceted, locally-sourced marketplace., The aim is to bring under a single roof: an upscale convenience store, a distillery, an artisan marketplace, a tasting room featuring craft spirits, microbrews, fine wines, event space for up to 400 people, and a galley-style restaurant concept.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.