Tipsy Gods: Tipsy Gods is a high-class LGBT+ nightlife destination in the Austin, TX

What does your company do?

Tipsy Gods is a high-class LGBTQIA+ 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.

Where will your company be in 5 years?

Our goal is to provide exceptional service through strong community ties with the local LGBTQIA+ 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 LGBTQIA+ 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.

Why did you choose this idea?

We feel the LGBTQIA+ community is underserved in Austin. As Austin becomes more developed, many residents are moving to the suburbs which does not have a LGBT+ nightlife destination. We feel that putting a LGBT+ nightclub in Austin-Round Rock, will satisfy the growing market.

Why is this a good idea, right now? What changed in the world? Why wasn't this done a few years ago?

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 LGBTQIA+ nightlife solutions in the Austin-Round Rock suburbs.

How far along are you? What's your biggest obstacle?

We have built a team of dedicated professionals, have completed our business plan and are working on the marketing strategy, venue details, and funding aspects of the projects. Our biggest obstacle is securing the initial funding which allows us to pay the deposit to purchase an existing business and assets.

Who competes with you? What do you understand that they don't?

There are 5 competitors within the Austin downtown area and 1 competitor in Bluff Springs. There are no direct competitors in Round Rock. The main downtown competitors are all within a 1mi radius to themselves, and Tipsy Gods will be approximately 15mi north. We aim to offer a newer and fresher experience, as there has not been a new LGBTQIA+ nightlife destination opened since 2005. Many reviews of competitors tell a story of poor customer service, impersonal staff, and less inclusive environments which have faded over time. Our point of differentiation is that we want to prioritize our patrons experience first. We are not solely a nightclub, but a close knit community of allies which serve our local LGBTQIA+ community.

How will you make money?

We will mainly make money through the sale of food and beverages. We will also charge admission to enter the venue for special events, where we have live entertainment consisting of music, dancing, drag shows and more.

What are the biggest risks? If you fail, what would be the reason? What has to go right for you to succeed?

The biggest risk is our location - approximately 15mi north of Austin. Since we are not downtown, we are not likely to get the same foot traffic as the other gay bars. In order to combat this, we will develop a series of marketing promotions, for example offering one free drink if you Uber from downtown Austin and show your receipt. We will also partner with local community groups & sports teams to further increase our market penetration. If we fail, the reason would be that we were unable to procure enough funding for the remodel which is imperative to our brand vision. In order for us to succeed, we must find a General Manager who is a nightlife expert who can help the project stay on track as we are hiring and managing employees.

Where it did it all begin?

At the age of 17, after the summer was over, Adryan decided to join the military where he became a military police officer in the national guard, focusing on becoming a better and more effective leader. When he graduated from high school and finished his military training, he decided to go backpacking in Europe as a way of experiencing the world for himself. While in Europe, he worked as a bar back and bartender at every opportunity given to him, learning the tricks of the trade. That’s when he realized then how much that line of work brought enjoyment; While overseas, it was the first time he had openly identified with the LGBTQ+ community. After working at a popular hostel called The Yellow has a bar back, it helped him realize that one of his ambitions was to open a new kind of bar. Thus, the concept of Tipsy Gods was born. He realized the true meaning of “freedom” – for oneself, it was the Freedom to grow, Freedom to thrive. Freedom to build himself, shape himself, and love, both himself and others. He found himself experiencing genuine respect for everyone. Instead of being consumed by the weighty cares of the world, he found himself immersed in making new friendships and engaging in new experiences. That immense feeling of Freedom gave him the desire to replicate it, to create the same atmosphere for an entire community. He genuinely aspired to give people – especially those who are so under-represented in mainstream society – a place where they could experience an evening of relaxation, adventure, and intrigue. A place where they could be themselves and forget about the sorrows of the world for at least one night. In focusing on replicating the positive energy he had experienced in Europe, night after night. He realized that the way to achieve this new dream was to create an upscale LGBTQ+ bar. This bar, while open to all adults, regardless of their gender, appearance, or financial status, will offer uniqueness, entertainment, and that is affordable. At the same time, this bar will represent the best of the LGBTQ+ community and provide exceptional service that outperforms the traditional nightclubs or dive bars in Austin.

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.

1	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.
2	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.
3	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.
4	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.
5	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.
6	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.
7	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.
8	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.

Name	Adryan Brown
Amount Invested	$3,000
Transaction type	Other
Issued	01/01/2020
Relationship	Owner
$3,000 was loaned to Tipsy Gods with an interest rate of 0.00%, with the intent to pay the $3,000 debt back to Adryan Brown once the business has become profitable.

$50,000	38.4% towards rent for the first month, 19.7% for construction for new look, 13.8% for marketing through social events and paid advertisement, 20.6% legal fees, 7.5 towards wefunder fees
$106,000	18.2% towards rent for the first month, 5.6% towards hiring and training,18.7% construction, 6.5% marketing through social events and paid advertisement, 9.8% legal fees, 7.5 towards wefunder fees, 33.7% reserves

Tipsy Gods

Tipsy Gods is a high-class LGBT+ nightlife destination in the Austin, TX

Tipsy Gods

Tipsy Gods is a high-class LGBT+ nightlife destination in the Austin, TX

$3,000
total funds raised

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we've raised $3,000 since our founding

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Tipsy Gods-A Bar Fit for the Gods

Tipsy Gods will be the solution to the under-representation of LGBTQ+ spaces in the communities of Austin, Texas.

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