|1||The Pine Jump will be a coffee shop, brewery, cidery and restaurant combined all under one roof.|
|2||We combine an amazing experience with top quality craft beverage products.|
|3||1 of 10 Brew on Premise locations in the country. It's the ONLY place in Pennsylvania where customers can brew their own beer!|
|4||Easy Expansion for huge growth though franchising or other company locations.|
|5||The founder of The Pine Jump owns two additional breweries in PA - Hough's Taproom and Copper Kettle Brewing Company.|
|6||We hope to open two locations under the name The Pine Jump.|
I opened the doors of my first company, Hough's Taproom, in 2010 - and it’s been a fun and exciting journey that’s taken us in many different directions.
Not too much was happening in Pittsburgh, PA with the craft beer scene when I started. There were a couple of bars and restaurants just starting to get into selling craft beer, but not many. We stepped in and opened a craft beer bar that now boast 70 taps and over 100 bottles. Then, in 2010 we opened the Copper Kettle Brewing Company (CKB) right next store! This gave customers the ULTIMATE brewing experience by letting them brew their own beer. It took awhile to open because we were the first to do it in the state of PA!
The craft beer business took off in Pittsburgh and everyone wanted craft beer. Our business was doing good and we started to look for places to expand too. That’s when I decided to take a step back and look at the future of craft beer, restaurants and the vision moving forward.
Over the past couple of years, I realized that customers didn’t want just any craft beer on the menu, they wanted local!!! And they wanted it made at the place where they are drinking it. That is why I decided to start The Pine Jump - a brew your own beer, coffee roaster, and bar all in one! It will have what the customers want.....fresh local products made in their neighborhood.
We’re ready to go.........We’ve already purchased the coffee roaster! We just need additional funds to finish the build out of a location we've already purchased.
Investors in this raise are investing in The Pine Jump (The PMD Crew, LLC). We hope to open two locations under that name over the course of the next couple of years - one in Bloomfield, and one in Pine Richland.
The Pine Jump has financial statements ending June 1 2019. Our cash in hand is $0, as of August 2019. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Currently we manufacture Beer & Cider, and we give the customer the ULTIMATE brewing experience by letting them brew their OWN beer at our restaurant. Recently, we purchased another building in the fast growing Pittsburgh neighborhood of Bloomfield to open a second location to produce our own beer and roast our own coffee. This will be our NEW model moving forward that we will expand rapidly! We also purchased a third property to build a brand new facility in the Wexford / Cranberry area.
Almost 11 years ago, I got into the restaurant and brewing business with great ambition. My goal was to have a a business model that could grow quickly and efficiently. I knew it would take me time to learn the ins and outs of this fast paced and growing industry. Finally, after a lot of research and experience, I have a business model that I know will take off. I would like to have at least 15 more locations in 5 years.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
The PMD Crew, LLC was incorporated in the State of Pennsylvania in May 2019. The company intends to open two locations in the state of Pennsylvania.
Since then, we have:
Historical Results of Operations
Our company was organized in May 2019 and has limited operations upon which prospective investors may base an evaluation of its performance.
Liquidity & Capital Resources
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 4 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
The PMD Crew, LLC cash in hand is $0, as of August 2019. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 6 months.
The PMD Crew, LLC is a brand new entity that is starting a new business model to franchise. Therefore, we don’t have any changes.
With this being a start up, I can see our expenses taking off quickly to get things up and running. However, once the coffee roaster is in place, we will start taking deposits for coffee memberships and services. We expect it to take approximately $750,000 to get the Bloomfield location up and running, and $2 - $3 million to get the Pine Richland Location up and running. We hope to have the Bloomfield location open by January, and the Pine Richland location open in Fall of 2020.
Our business projections have been based on an assumption of high foot traffic near our location. Should we not see that level of foot traffic our business projections will be altered.
E-commerce will be new to our team from every standpoint. We’ll need to make sure our website is set up correctly for orders, shipping and tracking. Should it be set up incorrectly or should we not be able to execute, we may deliver a poor experience to our customers.
In addition to our coffee club, we want to ship and distribute to offices, schools, other businesses, etc. We do not yet have those distribution channels secured, and at present don't know that we will be able to.
We’re going to roast coffee for other coffee shops and/or let them roast their own coffee on our machine. We do not yet know if there's a market for that, how much we'll be able to charge, and how logistically feasible it will be.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
We are subject to governmental regulations affecting our business. The production and distribution of beer is a business that is highly regulated at the federal, state and local levels. Our operations may be subject to more restrictive regulations and increased taxation than are those of non-alcohol related businesses. For example, the distribution and sale of beer requires various federal, state and local licenses, permits and approvals. If one or more regulatory authorities determines that we have not complied with applicable licensing or permitting regulations or have not maintained approvals necessary for us to conduct our business within their jurisdiction, our business and results of operations could be materially adversely affected. Similarly, the loss or revocation of any existing licenses, permits or approvals, or the failure to timely obtain any additional licenses, permits or approvals when required, could have a material adverse effect on our ability to conduct our business. In addition, if any taxes or fees imposed on our business by applicable regulatory authorities are increased, our profit margins could be negatively affected.
Privacy: We won’t share your data, or post to your wall, without your permission.
Already have a Wefunder account? Login
Don't have a Wefunder account? Signup