Use of Proceeds

The total buildout and launch of the business will require $1.85 million. The NextSeed raise will target up to $1 million while owner contributions, private investors, and tenant improvement allowances will supplement the remaining portion.

100% of the NextSeed proceeds will be used towards the buildout of Bravery. This includes construction as well as the purchase of equipment, furniture and supplies.

Key Terms

Issuer
Bravery Chef Hall, LP

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$200,000

Offering Max

$1,000,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.7x

Revenue Sharing Percentage

16.75%

If the final offering amount raised is less than or equal to $500,000, then 8.25% of monthly gross revenue will be shared.

If the final offering amount raised is greater than $500,000 and less than or equal to $750,000, then 12.5% of monthly gross revenue will be shared.

If the final offering amount raised is greater than $750,000 and less than or equal to $1,000,000, then 16.75% of monthly gross revenue will be shared.

Maturity 54 months
Payments

Monthly

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

Revenue Sharing Summary

Once the Issuer commences operations, it will share a percentage 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.

EXAMPLE:

Gross revenue in month X
$200,000


Scenario 1:

Let’s assume that the total amount raised through this offering is $400,000 and the issuer is committed to sharing 8.25% of its gross revenue.

Revenue sharing percentage
8.25%
Total payment for month X
$16,500

If Investor A invested $2,000 of the $400,000 that was raised by the Issuer, Investor A is entitled to receive 0.5% of the $16,500 paid to investors for month X. Therefore, Investor A is paid $82.50 for month X.

Scenario 2:

Let’s assume that the total amount raised through this offering is $1,000,000 and the issuer is committed to sharing 16.75% of its gross revenue.

Revenue sharing percentage
16.75%
Total payment for month X
$33,500

If Investor A invested $2,000 of the $1,000,000 that was raised by the Issuer, Investor A is entitled to receive 0.2% of the $33,500 paid to investors for month X. Therefore, Investor A is paid $67 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.