Use of Proceeds

The total anticipated project cost for Pour Behavior is $1 million. The owners have committed $400,000 in equity to date. Proceeds from the NextSeed raise will fund the buildout of Pour Behavior’s multi-functional space.

Funds raised above the $200,000 minimum will contribute towards a state-of-the-art A/V setup, the bar system, and furniture and fixtures. The final $115,000 will be put towards working capital for the project.

An additional section of Pour Behavior (Phase 2) will be built out at a later date.

Key Terms

Issuer
Travis Midtown, LLC

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$200,000

Offering Max

$700,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.60x

If the final offering amount raised is less than or equal to $350,000, the investment multiple will be 1.50x.

If the final offering amount raised is greater than $350,000 but less than or equal to $500,000, the investment multiple will be 1.55x.

If the final offering amount raised is greater than $500,000 but less than or equal to $700,000, the investment multiple will be 1.60x.

Revenue Sharing Percentage

Up to 6.5%

Revenue streams will come from food and beverage sales, event space rentals, merchandise, cover and ticket sales.

If the final offering amount raised is less than or equal to $350,000, then 3.25% of monthly gross revenue will be shared.

If the final offering amount raised is greater than $350,000 but less than or equal to $500,000, then 4.55% of monthly gross revenue will be shared.

If the final offering amount raised is greater than $500,000 but less than or equal to $700,000, then 6.5% of monthly gross revenue will be shared.

Maturity 48 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

Revenue Sharing Summary

Once the Issuer commences operations, the Issuer will share a percentage of each month’s gross revenue with the investors as a group until they are paid in full. The total amount raised by the offering will determine the Investment Multiple and the monthly Revenue Sharing Percentage.

Total Raise Amount: $200,000 - $350,000

  • Investment Multiple: 1.50x
  • Monthly Revenue Sharing Percentage: 3.25%

Total Raise Amount: $350,100 - $500,000

  • Investment Multiple: 1.55x
  • Monthly Revenue Sharing Percentage: 4.55%

Total Raise Amount: $500,100 - $700,000

  • Investment Multiple: 1.60x
  • Monthly Revenue Sharing Percentage: 6.5%

Each investor will receive its proportionate share of the monthly payments made to the investors as a group.

Scenario 1:

Total Raise Amount: $300,000
You Invest: $3,000


Based on the Total Raise Amount, the Issuer will share 3.25% of its revenues monthly until the 1.50x Investment Multiple is reached.

Let’s assume that the Issuer generated $400,000 in revenues in month 9. The issuer will make a $13,000 payment ($400,000 x 3.25% = $13,000) to investors. Since you invested with 1% of the total amount raised ($3,000 / $300,000 = 1.0%), you would receive a $130 payment.

Scenario 2:

Total Raise Amount: $600,000
You Invest: $3,000


Based on the Total Raise Amount, the Issuer will share 6.5% of its revenues monthly until the 1.60x Investment Multiple is reached.

Let’s assume that the Issuer generated $400,000 in month 24. The issuer will make a $24,000 payment ($400,000 x 6.5% = $26,000) to investors. Since you invested with 0.5% of the total amount raised ($3,000 / $600,000 = 0.5%), you would receive a $130 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.