Question 1

Hi guys, the space looks great and the location is amazing! I just couldn't find the more detailed explanation of the 70/30 allocation. Can you elaborate? Thanks!

Accepted Answer

Douglas, thanks for the great question! When we begin to pay dividends (projected end of year 1) Class B equity holders (that's anyone who invests in the project) will receive 70% of dividends with Class A (Chris, Mario, and myself) equity holders receiving 30% of that payout. After all Class B equity holders realize their investment (get their money back) that percentage will flip with Class A receiving 70% of future dividends and Class B receiving 30% for the life of the business. Let me kn...

Question 2

Thanks for your answer! Just to clarify, it's dividends, not profits being dispersed? If so, how is the dividend amount determined? Does it increase? Is it tied to a payout ratio percentage as a goal? Also, are you planning on distributing craft beer to stores e.t.c? Is that p...

Accepted Answer

Douglas, thanks for the follow ups. Hope the information below answers your questions. If you want to setup a short call to discuss any of this further, shoot us an email at info at heretodayseattle.com Yes dividends, as some percentage of our profits will be put back into the business. We'll determine that percentage based on a couple factors. 1) What we raise here - if we only reach our minimum raise for example, there will be need to put a higher percentage of profits back into the busines...

Question 3

On the incentives for investment amounts, if I invest $2,500, how long does the 10% In house discount on beer last?

Accepted Answer

Hey Alan, thanks for your question -- the 10% in house beer discount lasts for the life of the business!

Question 4

Summer 2021 opening seems overly optimistic, considering COVID delays and Seattle's challenging permitting and construction environment. How do you propose to meet that goal, and have you put together a contingency timeline? What happens if opening is delayed by six months or ...

Accepted Answer

Great question. This timeline is based on permitting and construction schedules communicated by our contractors that includes what they have been told to expect for potential covid work stoppages. We have an additional 2 months of cushion just because we know from building out four bars previously that there is always at least one unforeseen delay. Our landlords are charging us reduced rent for Y1 and have worked with us for over a year to make this project happen, along with investing person...

Question 5

Hi guys. You list your biggest risk as being underfunded, and we're about 6 months out from the planned opening with a little under half the capital raised. Do you have a contingency plan in place for if you're unable to raise the $734k goal?

Accepted Answer

Ben, thanks for your interest in Here Today and the thoughtful question. Our biggest risk would indeed be opening underfunded, which is why we set our minimum to include sufficient operating capital to be successful. While we are confident that we will reach our initial goal and keep on this timeline (though the timeline is just our own, and our lease has thoughtful provisions of rent abatement during our first year), we have also been exploring other funding sources to combine with WeFunder ...

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Seattle waterfront craft brewery serving exciting beer, wine, cocktails and food

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