Highlights

Oakland Rec Club (ORC) is the newest project conceptualized by owner Sky Wegman dedicated to the vibrant, social and creative local community in Oakland. Sky started bartending in the East Bay in the late 90s and has launched and co-owned several successful joints in San Francisco over the past 12 years. Since 2015, Sky has been working on bringing ORC, his biggest endeavor yet, to life in Oakland – a place he has called home for nearly twenty years.

One-of-a-kind upscale bar, restaurant, and billiards club offering Oaklanders and downtown professionals a fun night out on the town
Located in the heart of downtown Oakland with a walk score of 100 and steps away from Pandora Media, Kaiser Permanente and Clorox headquarters
A proven management team (40+ years of combined industry experience) made up of local residents curating a uniquely Oakland experience
This investment is secured by a blanket lien on all assets of the business

Updates
14

Oakland Rec Club
Jun 28, 2018

Construction Revisions

We have been trying to separate out city permits between the ground floor and the mezzanine in order to get the doors open more quickly.  This process was extremely difficult, but coordination between the city planning department, our contractors, the building owners and their architect finally helped achieve the goal. We already have our liquor license in hand, and the overall venue construction (including kitchen) is substantially complete, pending finalization of the ADA-related issues.

At this point, we anticipate starting the final permitting process within the next week. If all goes well, we should finally be looking at a July opening.  Please know that I am giving this project everything I can financially, physically, and emotionally to create a great business which we can all enjoy once it is open.  Thank you again for your patience as we work our way through these few unforeseen issues.

For the full update please check your investor emails from support@nextseed.com.

 

 

Investment Terms

Issuer
Bat Country, LLC

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$150,000

Offering Max

$450,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.65x

Revenue Sharing Percentage

Up to 7.5%

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

Use of Proceeds

100% of proceeds from NextSeed will be used to cover the buildout of the new bar and eatery. Any funds raised in excess of the minimum will be used towards working capital and additional decor.

Company Description

Oakland Rec Club (ORC) is the newest project conceptualized by owner Sky Wegman dedicated to the vibrant, social and creative local community in Oakland. Sky started bartending in the East Bay in the late 90s and has launched and co-owned several successful joints in San Francisco over the past 12 years. Since 2015, Sky has been working on bringing ORC, his biggest endeavor yet, to life in Oakland – a place he has called home for nearly twenty years.

Ranked by Forbes as America’s 13th fastest growing city in 2016, Oakland is undergoing a period of unprecedented growth. With 8 straight years of economic growth since 2009 and unemployment at 3.5% (versus 4.5% nationwide), the local economy has benefited from the spillover of the Bay Area tech boom and a significant investment by the local government to develop a robust small business economy. The economic vibrancy and convenient transit system (accessible by car, ferry, bike, and public transport) have attracted people and businesses across the bridge looking for better and more affordable alternatives to San Francisco.

The New York Times included the East Bay on its list of the top 52 Places to Go in 2016 (ranked 39th globally), and USA Today named Oakland one of 2016’S 10 Best Local Food Scenes in the country (ahead of both San Francisco and Los Angeles). The growing affluent consumer market and incredible new culinary talent are continuing to fuel the expansion in the local food and nightlife scenes.

Living in Oakland, Sky recognized the strong demand for nightlife options amidst the ongoing robust development in his own side of town. Drawing from his decades of experience bartending and running bars in both the East Bay and San Francisco, Sky conceptualized ORC to bring a uniquely inclusive social experience to Oaktown. He secured the location in 2015 and began collaborating with a team of experienced local bar and restaurant veterans to carefully curate an experience that the team felt was missing.

Centrally located in the heart of downtown Oakland with nearly 9,000 square feet of space, ORC will be a one-of-a-kind upscale bar, restaurant, and billiards club offering Oaklanders and downtown professionals a fun night out on the town. The menu will feature a unique array of creative and satisfying dishes served all day, and the drink list will focus on a core set of quality cocktails and seasonal specialties sure to please and surprise even the most discerning patrons. These patrons can also socialize over a dozen pool tables, shuffleboard and other recreational bar games. The food and drink menu will see regular monthly and seasonal turnover, and a portion of the mezzanine will be allocated as an entertainment space for buyouts or other house-sponsored events.

Owner Sky Wegman has over 19 years of industry experience as a bartender as well as the proprietor of some of the Bay Area’s best known bars and venues. His track record as an owner includes 83 Proof (Thrillist), The Dogpatch Saloon (Eater, UrbanDaddy), and Hopwater Distribution (Eater).


With Oakland Rec Club, Sky has drawn upon the knowledge he gained from his years of success in the hospitality field to create an exceptional experience for patrons that is uniquely Oakland. The leadership of ORC has spent the last two years building out the infrastructure and forming the team necessary to make Oakland Rec Club a thriving addition to the community and a positive contribution to the city of Oakland.

Construction is underway, and is anticipated to be completed in July 2017.

Business Model

Oakland Rec Club will feature a unique business model that allows it to capitalize both on daytime and evening foot-traffic. During the weekdays, Oakland Rec Club will be open during lunch hours, featuring a select lunch menu to provide refreshing and convenient options for working professionals in the downtown area. Evenings and weekends will feature a full kitchen along with a best-in-class bar, providing patrons with an upscale yet relaxing way to catch up with friends and colleagues. Additionally, game tables (with minimal maintenance cost) utilized by patrons will give ORC another revenue stream beyond food and beverage sales. Lastly, due to the large size of ORC and uniquely central location to various corporations, additional revenue streams will be available via opportunities to rent out the space for private events.

With the heavy increase in companies and employees moving into Oakland over the past decade, there’s a tremendous demand for lunch options. ORC will be open from noon to 3pm to serve lunch to the local professional workforce. Every restaurant and cafe in the immediate vicinity has heavy traffic during the traditional peak lunch break hours.

Frequently, take-out lunches are a fact of life for many of these individuals and therefore an added component of ORC’s midday service. A quality take-away program will allow ORC to increase sales far beyond the physical capacity of tables and chairs in the space. Many nearby restaurants succeed with limited hours that exclusively support lunch, but ORC’s overall concept extends far beyond this.


The bar program will carry weekday business from post-business hours through the end of the night. ORC expects the first happy hour push to take place at 5pm as many workers flow from local buildings looking for a social environment or a nice cocktail with which to wind down. ORC is located one block from a major transportation BART hub at 19th street, so a secondary busy happy hour period will be seen as local residents who work across the bay in San Francisco climb the stairs exiting the station. Weekend evening business is expected to be strong in this bar-hopping neighborhood, and in addition to a customary weekend party crowd, the draw of major national and international bands performing at the nearby Fox Theater and attendees of the monthly First Friday street fair celebration will add to the business's numbers. The kitchen is expected to shift focus away from a full meal service concept at this time, moving to a creative shared plate and small bite concept. Leaning on items with bigger margins, the goal here is to keep patrons satiated and promote an extended stay at the bar, while limiting the expense of an over-staffed kitchen on payroll.

Finally, game tables give ORC another big revenue source in various capacities. Most obvious is the $12 to $16 per hour charged for table rental. Aside from annual table maintenance at approximately $400, little needs to be spent by ORC to support this revenue stream. The soft revenue brought in from this direction is driven by the increased customer draw the tables provide as well as the reflected bump in liquor revenue.

ORC intends to establish a house-bottled cocktail program with an eye toward serving the mezzanine pool tables. The benefits of pre-batched and aged house cocktails are two-fold. Aging can soften a cocktail’s sharpness adding layers of flavor, but also provide a more streamlined effect on labor. If customers can purchase a large cocktail bottle for all the players at a table then time spent mixing cocktails can be reduced, allowing a greater number of patrons to be served quickly and efficiently.

Location Analysis

Oakland Rec Club is located at 1618 Franklin Street, Oakland, CA 94612, in the heart of the thriving uptown district, home to top Bay Area music venues, collections of quality bars and restaurants, and various major local and national employers. Located between 17th & 15th Street, this site is easily accessible to the freeway and within close proximity to BART. Additionally, Oakland Rec Club is close to City Center and there is ample pedestrian foot and vehicle traffic in this area.

Among the many new developments planned for the neighborhood are two 30-story residential high rises already under construction, both just a block away from ORC in opposing directions. Several commercial and residential projects are currently in the works as part of the downtown Oakland revitalization, with over 600,000 square feet in commercial and residential development already underway. In addition, the local workforce demographic is set for a noteworthy increase. Pandora Media, Kaiser Permanente and Clorox are already located just steps away.

Included among the many businesses relocating to Oakland are Blue Shield, Sierra Club, and the present city-block-sized $100 million transformation of the old vacant Sears building into the Uptown Station, just a 5-minute walk from Oakland Rec Club.

To find a large collection of pool tables alongside food and drink, residents must travel to the surrounding cities of Emeryville, Berkeley and Hayward.

Ranked by Forbes as America’s 13th fastest growing city in 2016, Oakland is undergoing a period of unprecedented growth. The local economy has benefited from the spillover of the Bay Area tech boom as well as significant investment by the local government to develop a robust small business economy. Unemployment has fallen to 3.5% (v.s. 4.5% nationally). The economic vibrancy, affordability, and convenient transit system (accessible by car, ferry, bike, and public transport) have attracted people and businesses across the bridge looking for better alternatives to San Francisco.

The New York Times ranked Oakland 39th of the top 52 Places to Go in 2016, globally. USA Today named Oakland as one of the 10 Best Local Food Scenes of 2016 (outranking both San Francisco and Los Angeles). The growing affluent consumer market and incredible new culinary talent will continue to fuel the expansion in the local culinary and nightlife scenes.

Within just a half-mile radius of the location, population growth in this area is expected to increase by approximately 25% in the next ten years. Average expenditures of approximately 115% are slightly higher than the national average. (Piinpoint)

History

April 2015
Created Bat Country, LLC
August 2015
Signed lease at 1618 Franklin St
May 2016
Building permit approved by City of Oakland
July 2017
Expected opening of Oakland Rec Club
October 2017
Establish local Oakland pool league
October 2018
Develop in-house brewing system
January 2019
Develop lunch catering program for local businesses

Meet the Team

Sky Wegman
Founder & Principal Owner

Sky has nearly two decades of experience in the local bar and restaurant scene. After learning the ropes at Johnny Love’s in 1998, he bartended his way around the East Bay for seven years. In that time, he saw how different owners were cultivating the right vibe within a space, and most importantly, he learned how to operate a profitable operation by effectively managing costs. Since 2007, he has been one of the principal partners at 83 Proof, followed by launches of The Dogpatch Saloon and Hopwater Distribution.

ORC is Sky’s newest concept to date, and it will be his first solo project - close to home and close to heart. Sky has been a long-time resident of the East Bay. After graduating from the University of Washington (Seattle) in 1998 with a B.A. in International Studies and History, he returned to the Bay Area and finally settled in Oakland. Sky also has an M.A. in Industrial Design from the University of California San Francisco.

Bonus Rewards

Early Bird Reward
0 remaining
First 50 investors who invest $1,000 or more will receive:
  • $25 Gift Card
Invest

$500+

  • 1 free pass for an hourlong pool session
Invest

$1,000+

  • $25 Gift Card
  • Invitation for 4 to the pre-opening party
  • $25 Gift Card
Invest

$2,500+

  • Invitation for 4 to the pre-opening party
  • $100 Gift Card
Invest

$5,000+

  • Invitation for 4 to the pre-opening party
  • $100 Gift Card
  • ORC Hookup Card: 15% off food purchases for you and up to 3 guests (12 months, up to $1,000 in discounts per year)
Invest

$10,000+

  • Invitation for 4 to the pre-opening party
  • ORC Hookup Card: 15% off food purchases for you and up to 3 guests (12 months, up to $1,000 in discounts per year)
  • $250 Gift Card
Invest

$25,000+

  • Invitation for 4 to the pre-opening party
  • ORC Hookup Card: 15% off food purchases for you and up to 3 guests (12 months, up to $1,000 in discounts per year)
  • $250 Gift Card
  • Private Event waiving all liquor minimums and/or rental fees
Invest

$50,000+

  • Invitation for 4 to the pre-opening party
  • ORC Hookup Card: 15% off food purchases for you and up to 3 guests (12 months, up to $1,000 in discounts per year)
  • $250 Gift Card
  • Name Engraved and Affixed on Game Table

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