Use of Proceeds

100% of proceeds from NextSeed will be used to purchase bar and kitchen equipment, bar and dining room furniture, service ware, and office supplies. Any funds raised in excess of the minimum will be used towards working capital and additional decor.

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


Key Terms

Issuer
Intero Restaurant LLC

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$100,000

Offering Max

$200,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.5x

Revenue Sharing Percentage

Up to 5.5%

Maturity 42 months
Payments

Monthly

Security Interest Personal guarantee by Ian Thurwachter. 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.

View the Issuer's SEC Form C filing

Revenue Sharing Summary

Once the Issuer commences operations, it will share 5.5% 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
$100,000
Revenue sharing percentage
5.5%
Total payment for month X
$5,500

Assuming that the total amount raised through this offering is $200,000, and Investor A invested $2,000, Investor A is entitled to receive 1.0% of the $5,500 shared with investors for month X. Therefore, Investor A is paid $55 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.