|1||Led by a qualified team with strong professional backgrounds in the industry.|
|2||Located in Austin-Round Rock, one of the fastest growing cities in the US.|
|3||Third most LGBTQIA+ friendly city in the US-an untapped market with high growth potential.|
|4||A fresh take on a high-class nightlife destination transporting patrons to ancient Grecian times.|
"At the age of 17, after the summer was over, I decided to join the military where I became a military police officer in the national guard, focusing on becoming a better and more effective leader. When I graduated high school and finished my military training, I decided to go backpacking in Europe as a way of experiencing the world.
While in Europe, I worked as a bar back and bartender at every opportunity given to me, learning the tricks of the trade. While overseas, it was the first time I had openly identified with the LGBTQIA+ community. After working at a popular hostel called The Yellow, it helped me realize that one of my ambitions was to open a new kind of bar. Thus, the concept of Tipsy Gods was born."
-Adryan Brown (Founder)
Austin, Texas is known as one of the LGBTQIA+ friendliest cities but only has seven bars that identify as LGBTQ+, which are primarily located downtown. As Austin becomes more developed, many residents are moving to the suburbs which currently do not have a LGBTQIA+ nightlife destination.
Tipsy Gods is an up-scale bar concept and premium event space located in north Austin that transports patrons to ancient Grecian times, while providing an affordable world-class experience through entertainment consisting of music, dancing, drag shows, monthly contests, flair bartending and more.
Tipsy Gods is designed to transition seamlessly from a daily lunch spot to a festive evening and weekend destination. It will also serve as a high-end venue for corporate and private events.
Step into Tipsy Gods and you'll be transported to ancient Grecian times, complete with traditional pillars, statues of gods, themed artwork and staff in themed attire. Tipsy Gods will feature a stage and state of the art sound and light system for live shows. In addition, Tipsy Gods will be located in a freestanding building with a rooftop patio, and a big backyard for activities.
Tipsy Gods' drink offering will be its main attraction, with a big emphasis on an exciting and revolutionary cocktail menu. The bar will also include extensive wine and beer menus with over 30 beers on tap. We will also create a unique experience with our fresh take on Mediterranean food with a Texas twist.
Tipsy Gods positions itself as Austin’s alternative high-class nightlife destination for the LGBTQIA+ community. Our point of differentiation is that we are not solely a megaclub, but a close-knit community of allies which serve our local LGBTQIA+ community in the Austin and Round Rock areas.
The Austin-Round Rock area has been the fastest-growing population in the United States for the last 8 years, experiencing a 22.5% change in population from 2010 to 2017. Round Rock has also been named as the #5 best city in America to buy a house. It’s with this population growth that we decided to open a venue in the Round Rock area, so it does not immediately compete with the downtown gay bars, but also provides one of the only LGBTQ+ nightlife solutions in the Austin-Round Rock suburbs.
At Tipsy Gods, everyone is welcome regardless of sexual identity, race, gender, age, or political affiliation. We value our patrons and we prioritize them so they feel like family.
Our goal is to provide exceptional service through strong community ties, and we aspire to be a strong charitable partner with the local LGBTQIA+ community.
We will sponsor local LGBTQIA+ sports teams, mentorship programs for at-risk youth, and will remain steadfast in providing a safe place, community meeting center, and entertainment options to the LGBTQIA+ community and beyond.
Our main revenue streams will be:
Tipsy Gods has financial statements ending February 7 2020. Our cash in hand is $3,000, as of February 2020. 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.
Tipsy Gods is a high-class LGBT+ nightlife destination in the Austin, TX area that transports patrons to ancient Grecian times, while providing an affordable world-class experience through entertainment consisting of music, dancing, drag shows, monthly contests, flair bartending and more. We will create a unique experience with our fresh take on Mediterranean food with a Texas twist, paired with an innovative cocktail menu.
Our goal is to provide exceptional service through strong community ties with the local LGBT+ community. In 5 years, we want to be a cornerstone in the Austin-Round Rock area providing a safe place, community meeting center, and entertainment options to the LGBT+ community and beyond. After 5 years, we hope to be exceeding our yearly goals which will allow us to pay back all loans and debts, with the expectation of expanding into another location in an under-represented area.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Tipsy Gods LLC was organized in the State of Texas in August 2018.
Since then, we have:
Historical Results of Operations
Our company was organized in August 2018 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 3 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 6 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
Tipsy Gods LLC cash in hand is $3,000, as of February 2020. 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 12 months.
We are a start up bar/nightclub that has not opened yet, so we don't have any revenue and because of that we can't mention any changes or trends in our finances. We have spent the past couple of years working to secure a space for the bar.
Right now our expectation is to open after our funding round is over. Until then, we will not have any sales. Once we open, we hope (but not guarantee), that our revenue will be higher in the first 3-4 months because we expect customers to want to try the new bar in town. We will try and hold 80% of what we made those first 3-4 months.
We hope (but not guarantee) to open our location 5-6 months after the conclusion of the Offering. The minimum needed to open doors would be about $50,000. Six months after opening we hope to be generating $60,000 in monthly revenues and $35,000 in monthly expenses.
Outside of the fund raised in this Offering, we could solicit small business loans and the personal savings of the Founder for additional capital.
In order to respond to market changes, the Company’s management may from time to time make changes to the business of the Company. There are certain risks associated with such changes. As a strategic response to changes in the competitive environment, the Company may from time to time make certain pricing, service or marketing decisions or business combinations that could have a material adverse effect on the Company’s business, results of operations and financial condition.
We may be subject to future governmental regulations. Aspects of our business and our products may be regulated at the local, state, and federal levels. Our products may be subject to state, local and Federal environmental laws and regulations, including those relating to the handling and storage of hazardous materials. We and our products may also be subject to significant governmental regulation relating to labor conditions, safety in the workplace, healthcare and other human resource issues. The nature and scope of future legislation, regulations and programs cannot be predicted. While we anticipate that we and our products will be in compliance with all applicable governmental regulations, there still may be risks that such laws and regulations may change with respect to present or future operations. Such additional costs would increase the cost of investments and operations and decrease the demand for products and services. We and our products will be ultimately responsible for compliance with such regulations and for obtaining and maintaining all required permits and licenses. Such compliance may be time consuming and costly, and such expenses may materially affect our future ability to break even or generate profits.
The Company will be subject to state “dram shop” laws, which generally allow a person to sue the Company if that person was injured by an intoxicated person who was wrongfully served alcoholic beverages at the Company’s establishment.
The Company, like many comparable full service restaurants, may make capital expenditures in such areas as research and development, and future project development. Therefore, management of working capital, strategic planning of capital expenditures and the company's debt position are all of major importance. Various risks are associated with interest rates and financing—these risks must to be managed well to ensure profitability. Tipsy Gods understands that the company must invest in growth while working to avoid taking on excessive debt levels, especially at high interest rate levels.
Our quarterly gross margins also may be impacted by a number of different factors, including the mix of product revenues and the cost fluctuation of various product ingredients. Because our lack of operating history and the rapidly evolving nature of our industry make forecasting quarterly operating results difficult, we base our expenses in large part on our operating plans and future revenue projections. Most of our expenses are fixed in the short term, and it may be difficult to quickly reduce spending if revenues are lower than projected. Therefore, any significant shortfall in revenues would likely have an immediate and negative impact on our business, operating results, and financial condition.
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.
The restaurant business is notably challenging — competition is fierce, customers are fickle, finding and retaining staff is challenging, and profit margins are small. Unexpected expenses can significantly affect a restaurant's bottom line.
Changes in the general economic climate could have a detrimental impact on consumer expenditure and therefore on the Company’s revenue. Recessionary pressures and other economic factors (such as declining incomes, future potential rising interest rates, higher unemployment, and tax increases) may decrease the disposable income that customers have available to spend on beer and/or alcohol consumption and may adversely affect customers’ confidence and willingness to spend. Any of such events or occurrences could have a material adverse effect on the Company’s financial results and your investment.
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