1.50x Investment Multiple ?

$300,000

Funded on August 29, 2016

190

Investors

Funded

Status

The Brewer’s Table

Austin, TX

  • Equal parts craft brewery and seasonal, locally sourced restaurant
  • Oak barrel brewing method brings tradition back to craft brews
  • Owner Jake Maddux spotlighted as one of Austin's key people to watch in 2016
  • Enrolled in the NextSeed Payment Automation Service

Interview with Jake Maddux

Courtesy of NextGen Crowdfunding.

Investment Details

1.50x

Investment Multiple ?

$300,000

Funded on August 29, 2016

190

Investors

Funded

Status

Company Description

The Brewer’s Table is bringing a new craft brewery and restaurant concept to Austin.

The “chef’s table” has long been a part of restaurant culture – typically in the form of an exclusive area where friends, family and distinguished guests find a unique experience. The Brewer’s Table is focused on bringing the best components of the chef’s table to a new type of environment.

This will not be a brewery with food, nor a restaurant with beer, but an experience providing equal attention to both of these components. This attention to detail and balance will be carried throughout the space and service, bringing an elevated experience to Austin’s beer scene.

Renderings and floor plan presented in this offering may not reflect the final designs of The Brewers Table.

Taking inspiration from traditional methods of food and beer preparation, The Brewer's Table will create for modern-day Austin something so old, it's brand new. The food and beer programs share a common theme: oak. Seasonal, locally sourced ingredients cooked over wood and paired with fresh oak-fermented ales and lagers will create an entirely new experience for food and beer lovers. Bringing a new and unique perspective to the age-old tradition of food and drink, The Brewer's Table is the modern interpretation of the way things used to be.

The Brewer’s Table will be launched in East Austin, a creative district that is known as a craft brewery destination. Founder Jake Maddux (formerly of Thirsty Planet Brewing, New Belgium Brewing, and Anchor Brewing Co) is one of Austin’s most well-known personalities in the beer community. His partner Ali Sabzevari brings over a decade of additional finance, operations, and marketing expertise in the service industry, including prior operating roles at Craftsman Bar, Revival Cycles, and Helm Boots.

Learn more:

Offering Summary

Issuer
Brewer’s Table – East Austin LLC ("The Brewer's Table")
Entity Type
Limited liability company
Principal Office
4715 East 5th St
Austin Texas 78702
Securities
Revenue Sharing Notes
Offering Amount
Minimum of $250,000 and a maximum of $300,000
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.

Use of Proceeds

The Brewer’s Table is raising a minimum of $250,000 and a maximum of $300,000 on NextSeed. Proceeds will be utilized to finance the construction and build-out of The Brewer’s Table restaurant and brewery.

Renderings and floor plan presented in this offering may not reflect the final designs of The Brewers Table.

Key Terms

Minimum Investment
$100
Revenue Sharing Percentage
5.25% of each month’s gross revenue
Investment Multiple
1.5x
Investors will each receive in the aggregate 1.5x their original investments, as a result of being paid their proportionate shares of the Issuer’s gross revenue on a monthly basis.
Startup Period
Period from the closing through the 5th full month following the closing.
Payments
During the Startup Period, the Issuer will not make any payments. After the Startup Period, the Issuer will make monthly payments based on the relevant revenue sharing percentage.
Maturity
If the investors have not been paid in full within 40 months after the closing, the Issuer is required to promptly pay the entire outstanding balance to the investors.
Security Interest
The Issuer will grant a second-lien security interest in all of its assets in favor of NextSeed for the benefit of the investors to secure the Issuer’s obligations under the Securities.

Total Payment Calculator

Principal Investment Multiple Maturity* Total Payment*
1.50x 40 months $150

This investment has a startup period during which no payments will be made. The first payment is not due until after the fifth (5th) full month following closing.

Revenue Sharing Summary*

Beginning after the 5th full month following the closing, the Issuer will share 5.25% 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.

EXAMPLE:

Gross revenue in month X
$200,000
Revenue sharing percentage
5.25%
Total payment for month X
$10,500

Assuming that the total amount raised through this offering is $250,000, and Investor A invested $2,500, Investor A would be entitled to receive 1.0% of the $10,500 shared with investors for month X. Therefore, Investor A is paid $105.00 for month X.

* The calculations above are illustrative examples only and may not reflect actual performance. 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.

Bonus Rewards

Invest $100 or more

  • Invitation for 2 to The Brewer's Table Investor Pre-Opening Party
  • Commemorative Glassware

Invest $500 or more

  • Invitation for 2 to The Brewer's Table Investor Pre-Opening Party
  • Commemorative Glassware
  • Complimentary TBT Hat
  • $50 Gift Card

Invest $1,000 or more

  • Invitation for 4 to The Brewer's Table Investor Pre-Opening Party
  • Commemorative Glassware
  • Complimentary TBT Hat
  • $100 Gift Card

Invest $2,500 or more

  • Invitation for 6 to The Brewer's Table Investor Pre-Opening Party
  • Commemorative Glassware
  • Complimentary TBT Hat
  • $250 Gift Card
  • Invitation for 2 to One Pre-Opening Pop-Up Dinner
  • 1 Year Membership to Cask & Coal Society (Cellarman's Level)

Invest $5,000 or more

  • Invitation for 6 to The Brewer's Table Investor Pre-Opening Party
  • Commemorative Glassware
  • Complimentary TBT Hat
  • $250 Gift Card
  • Invitation for 2 to One Pre-Opening Pop-Up Dinner
  • Annual Brewers Day Invite
  • 1 Year Membership to Cask & Coal Society (Brewer's Level)

Invest $10,000 or more

  • Invitation for 6 to The Brewer's Table Investor Pre-Opening Party
  • Commemorative Glassware
  • Complimentary TBT Hat
  • $250 Gift Card
  • Invitation for 2 to One Pre-Opening Pop-Up Dinner
  • Annual Brewers Day Invite
  • Private Event for 10 at The Brewer's Table mezzanine
  • Lifetime Membership to Cask & Coal Society (Founder's Level)

Invest $25,000 or more

  • Invitation for 6 to The Brewer's Table Investor Pre-Opening Party
  • Commemorative Glassware
  • Complimentary TBT Hat
  • $250 Gift Card
  • Invitation for 2 to One Pre-Opening Pop-Up Dinner
  • Lifetime Membership to Cask & Coal Society (Founder's Level)
  • Annual Brewers Day Invite
  • Private Event for 10 at The Brewer's Table mezzanine
  • Naming One of the 7 American Oak Foudres (first 7 individuals)
  • Invitation to Attend Austin Beer Week with Jake Maddux. Airfare & Lodging included anywhere in the Continental US. Includes all Meals and Drinks for 7-Day Event.

CASK & COAL SOCIETY DETAILS

Membership will be on an annual basis and include the following perks at each level:

Cellarman’s Level
  • 1 complimentary house beer every visit!
  • 10% discount on all purchases (including food, drink, merchandise; daily purchase limit of $200)
Brewer’s Level
  • 1 complimentary house beer on every visit!
  • 20% discount on all purchases (including food, drink, merchandise; daily purchase limit of $200)
  • Ability to purchase discounted tickets to The Brewer's Table ticketed events before general public
Founder’s Level
  • 1 complimentary house beer on every visit!
  • 25% discount on all purchases (including food, drink, merchandise; daily purchase limit of $200)
  • Preferred Reservations including The Brewer's Table mezzanine level
  • Preferred entry to public events
  • Ability to purchase discounted tickets to The Brewer's Table ticketed events before general public

Business Model

The Brewer’s Table will be open seven days a week for lunch and dinner. There will be 8-15 items on the food menu at an average price point of $12-$18. The food menu will be seasonal, local, and therefore, rotated. It will have a rustic theme focused on whole proteins, and reflect Texan and Mediterranean influences. The menu will make use of a custom-made wood-fired grill.

The style and layout of the brewing program could be taken straight out of the Belgian countryside. Utilizing primarily oak, the focus will be developing a beer program that can satisfy any palate. Using giant oak barrels/tanks called "puncheons" and "foudres" in addition to traditional oak barrels, The Brewer's Table will develop quick turnaround beers as well as complex beers reliant on the long-term souring that takes place in foudres. The on-premise brewing program for The Brewer's Table will focus on the old world art of oak barrel fermentation. Using a combination of different sizes and toasts of oak barrels and tanks, The Brewer's Table will create fresh beers brewed and fermented the way it's been done for thousands of years, but with modern day refrigeration.

   Read More

There will be table service as well as bar service at Brewer's Table. Service will be friendly, knowledgeable and passionate. All front of house staff members will be required to be certified by the Cicerone Certification Program and must learn how to brew the beer made on-site. There will also be an in-house training program to have the Brewer's Table be an educational opportunity for its employees.

Brewing & Fermentation

  • Premiere 7bbl 2-vessel direct fire system
  • 3 7bbl jacketed stainless steel fermenters
  • 6 7bbl un-jacketed stainless steel serving tanks
  • 7 25HL French Oak foudres
  • 10 500L French Oak puncheon barrels
  • Additional traditional wine and whisky barrels as space allows
  • Approximately 25 guest taps as well as 6 house beers
  • Aggressive bottle and can reserve collection. Aiming for the best-curated and deepest beer list in the industry plus the cleanest and best-matched glassware.

      Read Less

Location Analysis

For the fourth straight year, Forbes has ranked Austin, TX #1 in the list of the fastest cities in the United States, and the #1 “City to Watch.”

Despite its explosive growth, the city has not lost its appreciation for high quality, locally sourced and locally produced craft products and services. The brewery and brewpub business is no exception and continues to thrive in the city of Austin. With over 30 brewery and brewpub locations within the city limits, the demand and appreciation for The Brewer’s Table concept is clear (source: Piinpoint).

The future site of The Brewer’s Table is 4715 East 5th Street in Austin, located in the Govalle/Johnston Terrace neighborhood of East Austin. Govalle/Johnston Terrace is a rapidly developing area, hosting a vibrant and growing arts scene and has been called one of the top 5 neighborhoods for artists in the Austin area (source: backstage.com). The Canopy Arts Complex, a 40,000 square-foot facility offering more than 50 diverse artist studios (including multi-use and gallery spaces), is located less than one mile from The Brewer’s Table.

Austin Breweries and Brew Pubs

BT, Restaurants, Bars, thinkEast Art Center, Canopy Art Complex

Leadership

Jacob Maddux, Manager

A craft beer professional with nearly 10 years of experience, Jake began his post-Marine Corps career working in Napa Valley for Nickel & Nickel Winery as a wine educator and cellarman. He next held positions at the world famous Anchor Brewing Company and New Belgium Brewing.

Jake moved to Austin in 2010 to help open and run Thirsty Planet Brewing, where he was the brewer and tap room manager. During his time at Thirsty Planet, Jake was named "Austin Craft Beer Personality of the Year" for 2012. Jake also held the position of Beverage Director for Salt & Time Butcher Shop and Salumeria. Jake has also starred in several beer-related programs including "The Beer Diaries," "What’s on Tap," and "Pubs, Pints and Pals." He hosted the annual Austin Beer Guide Awards in 2014 and 2015 and was a panelist for the Austin Chronicle feature "The Official Beer of Austin."


Ali Sabzevari, Manager

Ali is the co-founder and managing member of an Austin-based private investment group (Lonestar Syndicate) and a consulting firm (Lonestar Syndicate Consulting), focused on helping scale brick-and-mortar small businesses in the Austin community. He has developed a reputation in Austin as a knowledgeable advisor to the city’s creative entrepreneurs.

Ali’s recent operational track record includes Craftsman Bar (Managing Member, COO, investor), Helm Boots USA (Director of Operations), and Revival Cycles (Director of Operations).

His investments through Lonestar Syndicate also include Yard Bar Austin, Globe Hall Denver, Bungalow Bar Austin, Raven + Lily PBC, and Progress Coffee Roasting.

The Team

The Brewer's Table team
Jorge Hernandez, Consulting Chef

Former chef de cuisine of Qui. During his time at Qui, the critically acclaimed restaurant was named GQ's Best Restaurant in the U.S. in 2014.

Bill Mann, General Operations and Management Consulting

Previous director of operations of Qui.

Drew Durish, Head Brewer

Former Brewer at Live Oak Brewing, Austin's original craft brewery.

History

September 2015
Secured lease for The Brewer’s Table location
February 2016
Brewers Table - East Austin, LLC officially formed
May 2016
Building permits filed with the City of Austin
Accepted building contractor bid and finalized budget
November 2016
Expected soft opening of The Brewer’s Table

January 26, 2018

Update from The Brewer's Table

Hello TBT Family!

Firstly, thank you for your continued enthusiasm and support for The Brewer’s Table.

Things are proceeding nicely with construction and we can confidently say that we will be open to the public by early to mid-March. Unforeseen issues such as a delay with the city not assigning the inspector for our new fire and water lines has set us back a few weeks, but our contractor is determined to make up time as best they can. We are pursuing all avenues on this front. Once we have further information regarding the city inspector, we’ll provide a better update on the timeline.

Final menu development for launch is going quite well. Chef Zach and his team are busy putting the final touches on the various recipes for our lunch, brunch, happy hour and dinner menus. We have great confidence that our unique message of beer and food is being executed exactly as hoped.

Stay tuned for more updates!

Please check your investor emails for the full update.

December 28, 2017

Update from The Brewer's Table

The last month has been quite something! TBT continued the fall event season with food events in Dallas and Austin while continuing the various processes that go into opening a restaurant and brewery. It’s definitely been a busy time, but things have now begun to calm down as we re-double our energies and attention toward opening in the spring.

Construction is proceeding on schedule. In the last several weeks framing has been completed and plumbing and electrical work nears completion as well. We are currently on schedule to get our certificate of occupancy (CO) in late February. Opening schedule details will follow once that date is confirmed!

Lastly, thank you to all our TBT investors that came out to our hard hat parties! Those two parties ended our year-long streak of 32 pop-ups and events.

Please check your investor emails for the full update.

November 13, 2017

Update from The Brewer's Table

Construction is in it’s 10th week and we’re right on schedule. Framing is nearly complete and we’re continuing to work on plumbing. We’ve also participated in many events where we have served food and beer for all attendees, some of those being the Texas Craft Brewer’s Festival and Park and Palate in Dallas- just to name a few! In addition, our pre-opening investor preview party is coming up this December 2nd and 3rd! If you haven’t RSVP’d, please do so by sending an email to Lindsey@cultivatepr.com.

October 20, 2017

Update from The Brewer's Table

The last few weeks have seen quite a bit of activity for The Brewer’s Table. Construction and pop-up events coincide with menu and equipment planning, keeping our small staff quite busy! From new concrete floors to new grease traps, we are seeing everything come together. Continue to stay tuned!

September 25, 2017

Update from The Brewer's Table

There are many projects brewing at The Brewer’s Table! Construction began last month and our team has been hitting the road to have TBT at beer-centric events. We are also excited to be participating at the James Beard Foundations Taste America Tour in Austin on November 2nd!  Our “Hard Hat” Pre-Opening parties will take place the first week of December, an email to our investors will go out in the next few months to RSVP. Continue to stay tuned!

April 12, 2017

Check Us Out in Food and Wine

The Brewer’s Table team has been quite busy! We hope you’ve been following along on our journey through our social media (https://www.instagram.com/thebrewerstableaustin/ & www.facebook.com/TheBrewersTable). We’ve broken 1,000 followers on Instagram and are approaching 1,500 followers on Facebook.

Our team just returned from a very successful pop up dinner with Brooklyn Brewery and Garrett Oliver in Brooklyn, NY. We hosted a private dinner for 60 media, press, and influencers at the Museum of Food & Drink where we served multiple courses highlighting our innovative approach to food as we explored one of Brooklyn Brewery’s much hyped limited release beers, Cloaking Device.

Additionally, the team spent the following two days meeting with major publications in NYC. We’re proud to release the first of what we believe we be many national pieces highlighting our impressive team. The article was featured on Food & Wine magazine’s online site: http://www.foodandwine.com/chefs/how-pair-beer-and-food-according-founders-brewers-table

Thanks so much for all of your support as we continue to push the conversation with Food & Beer!

December 20, 2016

Great meeting you!

We had a fantastic time with our NextSeed investors for the hard hat tour of The Brewer’s Table! Thank you all for joining us for a great evening, and we hope you enjoyed the beers and food samples. More updates coming soon!

November 21, 2016

Momentum

The Brewer’s Table has been working diligently to round out our team, generate significant press, work toward breaking ground on construction and refine our experience.

We’re pleased to report that Zach Hunter has accepted our offer to join The Brewer’s Table as Executive Chef. Zach is one of the most talked about chefs in Austin, having previously served as Chef de Cuisine of Fixe. Zach previously worked at two different Michelin-starred restaurants in New York. We couldn’t be more excited about his decision to create one of the most unique food and beer experiences in the country!

Additionally, we have now hosted two pop-up dinners for media and press at Franklin Barbecue (Austin, TX) and with New Belgium Brewery (Fort Collins, CO). We’re definitely humbled by the great media attention and press both dinners achieved.

This month, our team also participated in the sold-out Wine and Swine alongside some of the most impressive chefs throughout the South. It was an honor for TBT to be invited to participate in this event.

We aim to break ground in the next month. Right now, we are targeting April for our opening. We’ll update you as we cross our next significant milestones.

Photo by: Tyler Malone
From the Eater Austin

 

September 1, 2016

Thank you!

Thank you all so much for your belief and investments in The Brewer’s Table! We’re so fortunate to have such committed people that want to see this dream come true as much as we do and we’re grateful for your investments!

We have our location, we have a team consisting of some of the most creative professionals anywhere, and, most importantly, we have you and our community.

Thank you all so much for coming along this journey with us. We can’t wait to show you something special soon.

Cheers!

Jake Maddux and The Brewer’s Table Team

The Brewer's Table

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