Top Things to Know

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

Investment Highlights

IssuerBat Country, LLC
Type of Offering Regulation Crowdfunding
Type of SecuritiesRevenue Sharing Note
Multiple 1.65x
Revenue Sharing Percentage 7.5%
Maturity 54 months
Offered ByNextSeed US LLC

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.

 

 

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