Use of Proceeds

The total anticipated project cost for Sunset is $450,000. The owner has committed $79,000 in equity to date. Proceeds from the NextSeed raise, if the $75,000 minimum is hit, will be used for the bar’s buildout, including finishings, plumbing, and electrical work. 

Funds raised above the $75,000 minimum will be used for completion of the bathroom, bar, electrical and finishes.

Designed by Studio Design Build Architecture 


Key Terms

Issuer
Sunset Rooftop Patio, LLC

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$75,000

Offering Max

$150,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.4x

Revenue Sharing Percentage

14%

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.

Monthly Revenue Sharing Percentage: 14.0%

Each investor will receive its proportionate share of the monthly payments made to the investors as a group. Payments begin when the business starts generating revenues, which is usually when it opens.

Example:

Total Raise Amount: $100,000
You Invest: $1,000
Month: 3
Revenue: $100,000


If the issuer generates $100,000 in revenue during this month, the issuer will make a $14,000 payment ($100,000 x 14.0% = $14,000) to investors. Since you invested with 1% of the total amount raised ($1,000 / $100,000 = 1.0%), you would receive a $140.00 payment in Month 3.

*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.