Funds raised from this offering will be used to build out the 619 Distillery & Tasting Room and kick off initial production runs in the new facility.
Money raised over the minimum will be used to enhance 619’s product offerings, including the development and production of new infusions and potential expansion into ready-to-drink “cocktails to go.”
619 North Park, LLC
Type of Offering
NextSeed US LLC
|Min Individual Investment|
|Type of Securities|
Revenue Sharing Note
|Revenue Sharing Percentage|
Up to 7.25%
|Security Interest||Blanket Lien|
|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.
|View the Issuer's SEC Form C filing|
Once the Issuer commences operations, it will share 7.25% of each month’s gross revenue with the investors as a group until they are paid in full.
Each investor will receive its proportionate share of the monthly payments made to the investors as a group.
Assuming that the total amount raised through this offering is $300,000, and Investor A invested $1,500, Investor A is entitled to receive 0.5% of the $11,600 shared with investors for month X. Therefore, Investor A is paid $58 for month X.
*The calculations above are mathematical illustration only and may not reflect actual performance. They do not take into account NextSeed fees of 1% on each payment made to investors. The exact length of time that it will take the Issuer to pay each investor in full cannot be known in advance since the Issuer's actual revenues may differ from its reasonable forecasts. If any balance remains outstanding on the maturity date, the Issuer is contractually required to promptly pay the entire outstanding balance due to each investor. Payment is not guaranteed or insured and investors may lose some or all of the principal invested if the Issuer cannot make its payments.