$273,800 invested

213

Investors

18

Payments Made

Revenue Sharing Notes ?

Multiple 1.70x
Maturity 48 months
Minimum Target $125,000 ?
View Key Terms

The Sugar Refinery

Sugar Land, TX

  • Prohibition-era speakeasy in fast growing, affluent Houston neighborhood
  • Projected first-year revenue of over $1.8 million
  • Highly experienced management team with over 60 years of industry experience
  • This investment is secured by a blanket lien on all assets of the company

Investment Details

$273,800 invested

213

Investors

18

Payments Made

Revenue Sharing Notes ?

Multiple 1.70x
Maturity 48 months
Minimum Target $125,000 ?
View Key Terms

Company Description

The Sugar Refinery Grub & Grogs will embody the warmth of southern hospitality and the charm of the historic Sugar Land community.

Behind the facade of a sugar processing plant, the doors to The Sugar Refinery will open to a 1920’s era bar and lounge. Themed as a modern rendition of a Prohibition-era speakeasy, the bar will be fashioned in décor and furniture that’s styled in the era with bartenders and servers dressed in period attire. Local drink connoisseurs will enjoy a menu that ranges from craft beer to wine and whiskies from around the world, and creative cocktails will be concocted by expert mixologists. The food menu will feature a mix of comfort food dishes, with our award-winning chef’s unique take on original 19th century food trends.

The Sugar Refinery will be located in Sugar Land Town Square, a large mixed retail, office and residential complex in a booming suburb in Southwest Houston. The complex includes luxury condominiums, a Marriott Hotel, premier Class A office space, and shopping and dining options that draw significant traffic. The Town Square also hosts free music events each week for the community. This mix of options has made Town Square the central hub of Sugar Land over the past decade.

The team behind The Sugar Refinery also owns and operates Songkran Thai Kitchen (two locations: Thai Kitchen and Thai Grill). The food has been described as "delightful" and "an eye-opening excursion" that is "elegant, yet unfussy." Upon its opening in 2014, it was heralded by Houston Press as one of the best new restaurants during a "banner year." In 2016, Songkran Thai Grill was opened in Sugar Land Town Park, immediately next to the new home for The Sugar Refinery.

The team also founded and managed BLU Restaurant and Lounge, a successful bar and restaurant, since 2011. BLU operates in the same space that The Sugar Refinery is taking over. After 5 years of successful operations, the team is developing The Sugar Refinery as a new business, completely renovating and re-conceptualizing the interior and the business.

While the "neo-speakeasy" has been a popular trend that’s taken off across the country, most businesses reflecting this theme and experience in Houston are located in Downtown and Midtown. The 20-mile distance to these locations makes them inconvenient to the growing population of Sugar Land.

The Sugar Refinery is dedicated to advancing the art and practice of Sugar Land hospitality, as it was understood in the past and as it’s understood now for all residents of and visitors to Sugar Land. Our goal is to provide an accurate depiction of Sugar Land’s rich history and uncover pictures from the city archives to adorn our walls. Our menu exemplifies the local culture through its various "comfort-food" dishes and unique takes on original nineteenth century food trends.

This is the neighborhood bar where guests can kick-back, relax and enjoy a drink with buddies, feel a sense of community, and claim The Sugar Refinery as their home away from home.

Learn more:

Offering Summary

Issuer
The Sugar Refinery, LLC
Entity Type
Limited liability company
Principal Office
2248 Texas Drive
Sugar Land, TX 77479
Securities
Revenue Sharing Notes
Offering Amount
Minimum of $125,000 to maximum $360,000
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.

Use of Proceeds

100% of the proceeds will be used for a full renovation and build out of the interior space (including a new bar and electrical work), a redesign of the exterior facade and working capital.

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

Key Terms

Minimum Investment
$100
Revenue Sharing Percentage
8%
Investment Multiple
1.7x
Investors will each receive in the aggregate 1.7x their original investments, as a result of being paid their proportionate shares of the Issuer’s gross revenue on a monthly basis.
Startup Period
Period from the closing through the 3rd full month after the closing.
Payments
The Issuer will make monthly payments based on the relevant revenue sharing percentage.
Maturity
If the investors have not been paid in full within 48 months, the Issuer is required to promptly pay the entire outstanding balance to the investors.
Security Interest
The Issuer will grant a security interest in all of its assets in favor of NextSeed for the benefit of the investors to secure the Issuer’s obligations under the Securities.

Total Payment Calculator

Principal Investment Multiple Maturity* Total Payment*
1.70x 48 months $170

This investment has a startup period during which no payments will be made. The first payment is not due until after the third (3rd) full month following closing.

Revenue Sharing Summary*

Beginning after the first full month following the closing, the Issuer will share 8% 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
$150,000
Revenue sharing percentage
8.0%
Total payment for month X
$12,000

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 $12,000 shared with investors for month X. Therefore, Investor A is paid $120.00 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. ... Read More

Bonus Rewards

EARLY BIRD REWARD

First 50 investors who invest $500 or more will receive:
  • $25 gift certificate to Songkran Thai Kitchen or Grill

Invest $100 or more

  • Invitation for 2 to The Sugar Refinery Launch Party

Invest $500 or more

  • Invitation for 2 to The Sugar Refinery Launch Party
  • $50 Gift Card

Invest $1,000 or more

  • Invitation for 2 to The Sugar Refinery Launch Party
  • $100 Gift Card

Invest $2,500 or more

  • Invitation for 4 to The Sugar Refinery Launch Party
  • $150 Gift Card
  • Sugar Refinery Silver Card (15% discount on all food purchases for up to 4 guests, VIP Entry with no waiting in line, for 12 months)

Invest $5,000 or more

  • Invitation for 6 to The Sugar Refinery Launch Party
  • $175 Gift Card

  • Sugar Refinery Gold Card (20% discount on all food purchases for up to 6 guests, VIP Entry with no waiting in line, for 12 months)

Invest $10,000 or more

  • Invitation for 10 to The Sugar Refinery Launch Party
  • $250 Gift Card
  • Sugar Refinery Black Card (25% discount on all food purchases for up to 15 guests, VIP Entry with no waiting in line, for 12 months)

Invest $25,000 or more

  • Invitation for 15 to The Sugar Refinery Launch Party
  • $500 Gift Card
  • Sugar Refinery Black Card (25% discount on all food purchases for up to 15 guests, VIP Entry with no waiting in line, for 12 months)
  • Dedicated Bottle Locker

Business Model

The Sugar Refinery will be open seven days a week to serve the surrounding community.

The concept will feature dated decor with innovative cocktails that attempt to recreate an age where mixed drinks could be made from a few fresh & simple ingredients. In addition to a great selection of beer, wine and cocktails, experienced mixologists will craft adventurous concoctions with a variety of fresh herbs, fruits and vegetables.

The menu will feature American-style bar and pub food mixed with southern cooking, including items such as chicken pot pies, lamb chops, burgers and sliders.

Preliminary sample menu

The Sugar Refinery will provide live entertainment for patrons, featuring live bands multiple nights a week and a live DJ on weekends. On Thursday, Friday and Saturday evenings, the venue will stay open until 2 AM to provide a relaxing and fun environment for patrons to enjoy the evening.


Liquor lockers for regulars and an off-menu list of secret drinks will be additional highlights to the experience.

Location Analysis

The Sugar Refinery will be located at 2248 Texas Drive, Sugar Land, TX 77479 in a bustling town square. Founded as a sugar plantation in the mid-1800s and incorporated in 1959, Sugar Land is considered one of the most affluent suburban neighborhoods of Houston, TX.

Numerous high-profile regional and international corporations have chosen Sugar Land as their corporate headquarters, including Minute Maid, Schlumberger, Fluor Corporation, Bechtel Equipment Operations, UnitedHealthcare and Aetna. Other major corporations with expansions in Sugar Land include MD Anderson Hospital, Texas Instruments, Noble Drilling, Baker Hughes and GE Oil & Gas.

Sugar Land Town Square (photo credit)

The Sugar Land Town Square is a 32-acre mixed use, public-private partnership. It is considered the central business district for the city of Sugar Land and has Class A office space, condominiums, retail stores, wellness studios and clinics, restaurants and the Marriott Hotel. Festivals and important events take place in the town square.

This thriving city center is easily accessible due to its prime location at the intersection of US-59 and Highway-6. It is located approximately 20 miles southwest of downtown Houston.

Conveniently located at the intersection of US-59 and Highway-6

Within a one-mile radius, average household income is approximately 165% of the national average with a population density double the national average.

The Sugar Refinery will be located on square 35 in the map of Town Square. Other notable restaurants include Songkran Thai Grill, Perry’s Steakhouse & Grille, Shiva Indian Restaurant, and Japaneiro’s Sushi Bistro & Latin Grill. Other bars in the square include Flying Saucer, Baker Street Bar & Grill, and Ginger Mule Tonics & Meals. Retail stores cover fashion, health & beauty, and other specialty stores.

Sugar Land Town Park offers a wide variety of shopping and dining attractions

Leadership

Junnajet "Jett" Hurapan, Partner & Executive Chef

Jett Hurapan is an award-winning chef whose bold, satisfying dishes reflect strong ties to his culture. With a diverse culinary background that includes Thai, Italian, French Vietnamese, New American and Mediterranean cuisines, Jett brings an innovative approach to his role as Executive Chef of The Sugar Refinery.

As the co-founder and co-creator of Songkran Thai Kitchen and Songkran Thai Grill, Jett has over 20 years of experience working in some of the leading restaurants in the country.

His career developed, as he joined the team at BR Guest (Isabella’s, Blue Water Grill) and eventually worked alongside famed New York restaurateur Stephen Hanson as the Executive Chef of West Side Ruby Foo’s. He served as Executive Chef at Rain in New York. Rain received New York’s Best Pan Asian Award and was recognized by the James Beard Foundation. He continued on with the SRO Group, where he worked at the Meatpacking District’s famed Buddakan, gearing up for the Executive Chef role at Buddakan’s Atlanticy City launch. Jett moved to Houston to serve as Executive Chef at Gigi’s Asian Bistro before opening his first endeavor, BLU Restaurant & Lounge in 2011.

Jett has received several industry awards (“Best of the Best” Chef Award from American Culinary Institute, recognized with a Best Chef’s American Award in multiple years) and continues to develop his passion for creating unique culinary experiences for his clientele.

Jira Hurapan, Pastry Chef

Blending fresh and exotic ingredients to create magnificent and unexpected flavor profiles, Jira Hurapan brings more than 14 years of experience to her role as Pastry Chef.

A Bangkok-native, she first traveled to New York City to study English at Baruch College. She went on to complete the Pastry and Baking Arts program and earn a diploma from the world-renowned Institute of Culinary Education. Jira refined her palate with an internship at Sarabeth’s Bakery in Chelsea Market, one of New York City’s beloved brunch spots. She further developed her expertise in the intricate details of pastry making and presentation, moving on to join the acclaimed team at Rain in New York.

Jira and Chef Jett moved to Houston in 2008, consulting for Gigi’s Asian Bistro. After 3 years there, the Hurapans opened BLU Restaurant & Lounge in Sugar Land and have since added Songkran Thai Kitchen in Uptown Park and Songkran Thai Grill in Sugar Land Town Square to their portfolio. Known for preparing everything in-house from scratch, Jira is continuously experimenting. She works alongside and collaborates with Chef Jett so that the meal progression from savory to sweet is harmonious in technique and style.

Amrita "Amy" Karnani, Partner & President

With a background in real estate development, textiles and catering, Amy Karnani serves as the dynamic visionary behind BLU, Songkran Thai Kitchen in Uptown Park and Songkran Thai Grill in Sugar Land Town Square.

She worked in the family catering business for 6 years at the start of her career, handling customer service, sales, inventory management and purchasing. Amy then owned a textile business where she ran manufacturing facilities and managed hundreds of employees. Amy’s passion in decorating and designing led her to train in interior design as well.

Amy first partnered with the Hurapans in 2011, when they created BLU Restaurant & Lounge in Sugar Land Town Square, and they have continued the expansion of the group with Songkran Thai. A critical part of the operating team, Amy has blended her extensive hospitality experience and interior design background to conceptualize the layout, design and décor of each location. She has handled the hiring of all personnel, monitored daily operations, and created internal systems for controlling costs and managing inventory and payroll.

History

October 2011
BLU Restaurant & Lounge opened in Sugar Land Town Square
April 2014
Songkran Thai Kitchen opened in Uptown Park
April 2015
Songkran Thai Grill opened in Sugar Land Town Square
November 2016
BLU Restaurant & Lounge expected to close to begin renovations
January 2017
The Sugar Refinery anticipated opening

July 13, 2017

Bonus Rewards: E-Gift Cards!

We have emailed out all of the e-gift cards to our investors as of last Friday! Please continue to stay posted as we work on preparing the shipment of our early bird rewards over the next two weeks.

May 10, 2017

Sugar Refinery Investor Party

We invited our investors for a private investor party May 9th. They enjoyed cocktails, lite bites, and a preview of this new Sugar Land bar and restaurant.

April 13, 2017

Soft Opening Time

We’re getting close to our official opening date!

To make sure everything is in place for you to have the best experience, we had a soft launch last week so we could get live training experience for our staff and kitchen. During the soft launch, we are serving a limited food and liquor menu. The soft launch hours are:

Tuesday & Wednesday – 4pm to midnight
Thursday & Friday – 4pm to 2am
Saturday – 3pm to 2am
Sunday & Monday – closed for staff training

March 4, 2017

We're Getting Close!

Due to unexpected delays we are now looking at a projected opening time in April, which is also when we’ll be hosting our opening parties.

We’ll send you another update later this month with more information and an update on progress. We wanted to share a few photos of construction progress with you in this email and can’t wait to celebrate with you soon!

January 19, 2017

Construction Progress

We wanted to take a minute to update you on the progress at The Sugar Refinery. We’ve been working hard on the buildout and are making great progress. We are predicting an opening date at the end of February and will keep you all up to date on when we’ll officially open our doors!

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