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Peter
1.7x by 54 months paying 16.75% of revenue monthly. Does that mean we are capped at a 70% return and/or that we mature at 54 months? If the concer earns a billion in revenue month one (example only of course) do we get 16.75% of that or are we stopp ...
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Sean
By conservative estimates the cost of capital for this security is north of 20%. Why are you raising such expensive capital? Why not raise cheaper bank debt to finance this project. Thank you for the time.
Bravery Chef Hall
ISSUER
Thanks for the great question, Sean. For us, this isn't just about raising money. This is about marketing and getting market validation for a concept even before it's open. This is such a powerful platform to get our customers involved from the groun ...
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Alan
Small thing: Are the perks transferable? I live nowhere near Houston but I might want to donate the perks to a local charity auction or something.
Bravery Chef Hall
ISSUER
Hi Alan. Yes, you are free to give your bonus reward to someone else. Thanks for your generosity!
William
I went to Conservatory on a Saturday afternoon, 2p-4p, descent crowd 50%-70%,, and the surrounding restaurants in the area gets very busy. Best thing is I saw Mr. Mai there (I did not bother him), I asked people there, they said he is there a lot. I ...
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William
Then I was at the Conservatory 8pm on Saturday night, totally packed, lots and lots of booze going around. Definitely gets a good drinking crowd.
Bravery Chef Hall
ISSUER
Thanks for stopping by, William! We're still in permitting for the space, but once we get approvals, construction should take a few months to complete. We now anticipate construction to begin in June 2018. We are now looking at an early Fall 2018 ope ...
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Alan
Hi, just hoping that you'll answer my questions below. I am likely to invest just based on what I know already, but those answers will help me decide how much. Thanks!
William
Have all 200 early bird spots been filled? I see there are 390 investors but hard to know how many were over $1,000. Thanks.
Bravery Chef Hall
ISSUER
It looks like they've all been accounted for. If there are any Early Birds that become available, a counter will tell you how many are remaining in the floating menu on the right-hand side of the page. If there are none, it will just say “Bonus Rewar ...
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Jeremy
Hi, I was excited to learn that the early bird reward included invitations for 2 to the opening plus $50.00. Does this also include the $100.00 gift card as well? I also noticed that the early bird reward now only says $100 gift certificate and the 2 ...
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Bravery Chef Hall
ISSUER
Hi Jeremy, the Early Bird was in addition to whichever tier of bonus reward you qualified for based on your investment amount. So, if you invested $1,000 then you should receive the 2 tickets and $50 gift card. Plus, if you got in during the Early Bi ...
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Yvette
I want to invest $2500 but I won't be able to until April 10th. Can you save the early bird reward for me?
Bravery Chef Hall
ISSUER
Hi Yvette, thank you for your interest in our offering! If there are any Early Birds that become available, it will show how many are remaining in the floating menu on the right-hand side of the page. If there are no Early Bird rewards available, it ...
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Chuan
Would Texas alcohol regulations prevent having investments in both this and a brewery, such as the Buffbrew Taproom campaign currently on NextSeed?
Bravery Chef Hall
ISSUER
Hi Chuan. Unfortunately, we can't speak to your other investments or give you advice other than to review the risk factors in our Disclosure Statement.
Alan
Thanks for the thoughtful answer to my question below. I've noticed the strong reviews of your other restaurants, particularly the one most closely resembling this one, and that is great. I also like the fact that you've probably learned a few less ...
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Bravery Chef Hall
ISSUER
Thanks for the kind observations, Alan.
Yes, we believe the revenue numbers are in line with our experiences. There's a ramp up to some degree, but there's also an initial bump that we've experienced when things are new and "hot." The two some ...
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Alan
I keep coming back to this one because there is a lot to like. My only ongoing hesitation is that I know how hard it can be for restaurants to hold onto good chefs, given that when they do find success they may want to move on to bigger and better t ...
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Renato
I am also interested in hearing more about the issue of holding onto chefs, from my understanding there has already been some turnover.
Bravery Chef Hall
ISSUER
Thanks for these questions, Alan and Renato. That's the beauty of this concept. Because we're cutting out the "front of house" part of the equation, cooks and chefs get tipped in addition to base/hourly pay. This compensation model should help attrac ...
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Chinhua
Who is enforce business to pay the revenue sharing? Since investors not shareholders, we can't see the book
Bravery Chef Hall
ISSUER
Hi, Chinhua. As part of our agreement, we're enrolled in NextSeed's Payment Au ...
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Sam
Issuer, I was reviewing the pro forma and have a couple of questions: 1) Can you provide some color around the revenue line item "partnership concepts"? 2) The pro forma EBITDA margin of 29% is a healthy margin; however, I'm not sure if the project ...
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Bravery Chef Hall
ISSUER
Thanks for the questions, Sam. The two questions are actually tied together. To clarify, we anticipate that ~30% of Bravery's revenue will come from rent paid by each of the 7 groups (five food concepts and two bar concepts), ~50% from Bravery's wine ...
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Sam
Thank you for taking time out of your day in answering my questions. By the way, the Bravery concept reminds me of a successful restaurant in Vietnam, Nhà Hàng Ngon, which has several stations offering local cuisines.
York
Thanks, Peter, I must have missed it. Everything looks good! I am excited!
York
I was wonder how yall plan to use the additional funds that are raised? In the disclosure, the max and min both say "Buildout of the establishment, including construction as well as the purchase of equipment, furniture and supplies.". Would excess fu ...
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Peter
The first paragraph of P. 9 on the disclosure statement describes the uses of money, and how they will cover the balance of build-out and business launch if they don't cover it all through crowd-funding. Secondly, check the Bravery's website and they ...
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Mercedes
Hi, I have a question about the cooking classes for two. Are they a one time thing, and if so, when would they be offered?
Bravery Chef Hall
ISSUER
Hi, Mercedes. Classes will be offered as part of an on-going series. We plan to have a regular calendar of classes, and investors will be able to choose from the list.
Adrian
Surprised noone's asked this but it's a big question in my mind- What about asset securities during hurricane season? I'm from San Antonio and I visit Houston very often- so I know how Hurricane Harvey was a devastation to the city.
Bravery Chef Hall
ISSUER
Thanks for the question, Adrian. You're right that Hurricane Harvey was devastating to our city, but the site where Bravery is opening was not affected. We have first-hand knowledge of the area, as Prohibition Supperclub and Conservatory Underground ...
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York
What is the plan for parking for the facility? Street only, buying or building a lot nearby?
Bravery Chef Hall
ISSUER
Thank you for the question, York. While we won't have our own dedicated parking, we will have valet available at dedicated times and there are a number of parking solutions nearby. Specifically, a new parking garage is being built directly across the ...
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Amanda
Can you describe the blanket lien and how this would come into play given investors are not equity holders
Bravery Chef Hall
ISSUER
Hi, Amanda. Unlike most equity investments, your investment in this offering will be secured by a lien on the assets of our business. NextSeed has an FAQ on this topic as well. Check out this entry:
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Adrian
Looking at the pro forma, I'm surprised that the expenses don't have a small percentage increase after the first year. It seems like most other offerings have done this I assume to be more conservative and account for inflation and/or the aging of th ...
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Bravery Chef Hall
ISSUER
Thanks for the interest, Adrian! You're right that different projects have different assumptions built in, and we based the cost projections off of our experience with Conservatory's expenses. With the food hall and beer garden at Conservatory, we di ...
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Patrick
I can’t believe there are no comments. Are you putting them on this board nextseed?