Use of Proceeds

The total cost of the project will be approximately $725,000. The Issuer expects to fund the buildout with approximately $55,000 in tenant improvement contributions, $40,000 in a city 4B grant, $205,000 in equipment financing, $300,000 from private investors, and a maximum of $125,000 through this NextSeed offering.

Proceeds from the NextSeed campaign will be put towards the final renovations to the event space, bottling line upgrades, and the purchase of lab equipment for monitoring quality and yeast health.

Key Terms

Issuer
Wichita Falls Brewing Company, LLC

Type of Offering
Regulation Crowdfunding

Offered By
NextSeed US LLC

Offering Min

$75,000

Offering Max

$125,000

Min Individual Investment

$100

Type of Securities

Revenue Sharing Note

Investment Multiple

1.45x

Revenue Sharing Percentage

Up to 7.5%

Maturity 48 months
Payments

Monthly

Security Interest Blanket junior 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, it will share a percentage 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.

Let’s assume that the total amount raised through this offering is $125,000 and the Issuer is committed to sharing 7.5% of its gross revenue.

EXAMPLE:

Gross revenue in month X
$60,000
Revenue sharing percentage
7.5%
Total payment for month X
$4,500


If Investor A invested $2,500 of the $125,000 that was raised by the Issuer, Investor A is entitled to receive 2.0% of each monthly payment made to investors.

Therefore, if $4,500 is paid to investors for month X, Investor A is paid $90 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. 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.