The total anticipated project cost for Bumpy Pickle is $960,000.
If Bumpy Pickle reaches the minimum raise amount of $150,000 on NextSeed, proceeds from the raise will be put towards the buildout of the bar, the 10 pickleball courts, and 6 volleyball courts.
If Bumpy Pickle reaches the maximum raise amount of $500,000 on NextSeed, proceeds will be put towards the buildout of the bar, the 10 pickleball courts, 6 volleyball courts, and the restaurant.
Bumpy Pickle LLC
Type of Offering
NextSeed US LLC
|Min Individual Investment|
|Type of Securities|
Revenue Sharing Note
Up to 1.5x
If the final offering amount raised is less than or equal to $325,000, the investment multiple will be 1.45x.
If the final offering amount raised is greater than $325,000 but less than or equal to $500,000, the investment multiple will be 1.50x.
|Revenue Sharing Percentage|
6.35% / 10.25%
If the final offering amount raised is less than or equal to $325,000, then 6.35% of monthly gross revenue will be shared.
If the final offering amount raised is greater than $325,000 and less than or equal to $500,000, then 10.25% of monthly gross revenue will be shared.
|Security Interest||Blanket lien on all assets of the company|
|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 12 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.
|View the Issuer's SEC Form C filing|
Total Raise Amount: $150,000 - $325,000
Total Raise Amount: $325,000 - $500,000
Each investor will receive its proportionate share of the monthly payments made to the investors as a group.
Based on the Total Raise Amount, the Issuer will share 6.35% of revenues, until the 1.45x Investment Multiple is reached.
Let’s assume that the Issuer generated $100,000 in revenues in month X. The issuer will make a $6,350 payment ($100,000 x 6.35% = $6,350) to investors. Since you invested with 1% of the total amount raised ($2,000 / $200,000 = 1.0%), you would receive a $63.5 payment.
Based on the Total Raise Amount, the Issuer will share 10.25% of revenues, until the 1.50x Investment Multiple is reached.
Let’s assume that the Issuer generated $100,000 in month X. The issuer will make a $10,250 payment ($100,000 x 10.25% = $10,250) to investors. Since you invested with 0.5% of the total amount raised ($2,000 / $400,000 = 0.5%), you would receive a $51.25 payment.
*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.