The total anticipated project cost for Be More Pacific is $400,000 - $450,000. The owners have committed approximately $225,000 in equity to date. Proceeds from the NextSeed raise, if the minimum of $100,000 is hit, will be used for interior and exterior build-out of the property including interior finishes, patio deck, kitchen equipment and bar equipment.
Funds raised above the $100,000 minimum will be put towards interior decor, signage, furniture and upholstery, POS system and pre-opening costs such as advertising, menu books/photography, inventory, marketing, etc. for the project.
The owners of Be More Pacific have committed to obtaining any remaining financing necessary to complete the project.
Type of Offering
NextSeed Securities, LLC
|Min Individual Investment|
|Type of Securities|
Revenue Sharing Note
Up to 1.4x
|Revenue Sharing Percentage|
|Security Interest||Blanket lien on all assets of the business|
|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.
|Early Payment Provision|
If the Revenue Sharing Notes are paid in full at least 18 months or more prior to Maturity, the Investment Multiple will be reduced in accordance with the terms of the Note Purchase Agreement. Please review the Note Purchase Agreement and "Section I. Summary of Offerings" in the Disclosure Statement, available here, for a complete discussion of the potential reductions.
John-Roveen Abante, Giovan Cuchapin and Mark Pascual have provided personal guarantees to investors for this offering.
|View the Issuer's SEC Form C filing|
How do Revenue Sharing Notes work?
See our infographic for a detailed explanation here.
1The investment multiple may be reduced if the investment is repaid early. Review the early payment provisions outlined in the Disclosure Statement found here.
2Payments begin after the first full month the business is open and operating. Payments end when the business pays you back your total payment, or upon the maturity date, whichever is earlier. If any amount remains owed to investors on the maturity date, the Issuer will be required to promptly pay the entire outstanding amount owed. 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 projected revenues.
3This offering has a minimum investment amount of $100.
4There is no guarantee that the Issuer will ever produce revenues, or that such revenues will be sufficient to repay the note in full prior to the maturity date. Investors risk losing part or all of their investment. Please review a full discussion of the offering’s risk factors in the Disclosure Statement found here.