Company Profile (AI Text)
Name: Hopsters
Canonical URL: https://wefunder.com/hopsters
Updated at: 2026-06-10T05:00:05Z

Tagline: Nationally expanding brewery/restaurant featuring brew-your-own-beer experience
Elevator pitch: As a craft brewery with a brew-your-own-beer experience, bar, and restaurant all under one roof, we give patrons a place they can enjoy on any occasion. Whether it's a birthday, corporate event, or a fun night out on the town, there's always a reason to come back to Hopsters. Since opening in 2013, we've grown to two locations, including an incredible new 6,000 sq ft Hopsters in Boston's Seaport District that earned $1.1M in Q1 of 2018.

Key claims:
- Total raised on Wefunder: 1699500 | citation: https://wefunder.com/hopsters#claim-total-raised
- Total investors: 812 | citation: https://wefunder.com/hopsters#claim-total-investors

Verified facts:
- Total raised on Wefunder: 1699500 | observed_at: 2026-06-10T05:00:05Z | expires_at: 2026-06-11T05:00:05Z
- Total investors: 812 | observed_at: 2026-06-10T05:00:05Z | expires_at: 2026-06-11T05:00:05Z

Computed metrics:
- total_amount_raised: 1699500
- total_investors: 812
- team_size: 8
- featured_investor_count: 0
- faq_count: 5
- recent_post_count: 1

Quick facts:
- New Boston location filed $1.1M in Q1 2018 revenue while our original location does $1.3M in annual sales. | citation: https://wefunder.com/hopsters#claim-fact-1
- Raised $1.3M from 713 Wefunder investors in 2017.  | citation: https://wefunder.com/hopsters#claim-fact-2
- Corporate events with Google, HP, John Hancock, PWC, Vertex, GE, HubSpot, Harvard, and other large businesses can bring in more than $10k of revenue a night.  | citation: https://wefunder.com/hopsters#claim-fact-3
- Our average gross margin is 75% across both locations. | citation: https://wefunder.com/hopsters#claim-fact-4
- Net income of 20% and EBITDA of 30%+ in Boston, more than 5x as profitable as a standard restaurant.  | citation: https://wefunder.com/hopsters#claim-fact-5
- Our prime Costs, Labor, & COGS run at 50%. | citation: https://wefunder.com/hopsters#claim-fact-6
- Opened in January 2018, our 6,000 sq ft Boston location has the capacity for 180 people and boasts 12 kettle stations, a bar, brew hall, and a full-service restaurant and kitchen. | citation: https://wefunder.com/hopsters#claim-fact-7
- Serving our own beer through our own taps has proved to highly profitable, as we have a 90% gross margin on all Hopsters–brewed beer served on-site. | citation: https://wefunder.com/hopsters#claim-fact-8

FAQ:
- Q: I'm new to Wefunder, how do I participate?
  A: We'll be giving you the opportunity to invest this weekend so we have not launched yet. Please visit the investor section on the site and that will give you the overview on how to invest. Once we are up and running you just hit the invest button and just follow the directions. Thanks Thomas.
- Q: Lee, ideally what do you see as possibly the final business model for Hopsters? Would you like to franchise the concept, take the company public, by back all public shares including this offering, or another scenario? Do you see the "Waterfall" scenario as you describe at the ...
  A: Mark - Thanks for the questions - they give us the opportunity for greater clarity. It's most likely we will give control of Hopsters at 16 locations to an entity that can role out to a global audience. Projections show 17x your initial investment for that waterfall. With regards to the principle payback, 80% of what's left in the bank will go towards paying investors their principle. Once that principle is paid then investors will receive 20% of all available cash going fwd. If we meet our g...
- Q: Could you talk a little bit about what you're seeing as far as it pertains to retention rates with customers?
  A: With regards to the brewpub, despite being in what has been describe as a B- location we have a significant restaurant and bar crowd of regulars and folks visiting from around Boston to try our house brewed beers. Several corporate clients host repeat events every year. We also receive a good amount of referrals from other company departments, e.g. someone in the IT department recommends the experience to their sales department. Individuals and small groups vary, some people have been back ov...
- Q: Hey Lee! Never heard of some thing like this before and think it's a great concept! $1.2M and $1.4M this year is very impressive for a restaurant of your size! I have a few questions: First, when did you begin selling gift cards? How did you come up with the 50% redemption met...
  A: Thanks Josh - We started selling gift cards a month after opening and usually sell approximately 150K over the end of year holiday period. Historically approximately 50% of our gift cards are redeemed so we felt this was the best accounting method. Historically we have only recorded gift cards as a sale when they are redeemed, until then they are posted on the balance sheet as a liability. Moving forward we anticipate on bringing a portion of unclaimed gift cards into sales. As I boot strappe...
- Q: Hi Lee, I've been looking at these type of investments for a while now and I have to admit I love your business model. And I happen to live on the otherside of the state(Adams) I happen to be a director for Berkshire Scenic Railway Museum and knowing a little bit about tourist...
  A: I expect that we will see significant tourist traffic at the Brew Pub in the Seaport, especially as beer tourism is exploding. However, we focus more on locals and Boston businesses as they engage in the beer brewing more.

Recent posts:
- Hopsters Opens Second Location (2018-01-13T00:32:50Z) https://wefunder.com/feed/91316