Hey all!  So I've received a few questions as to how we came up with our valuation.  I looked at similar companies that are publicly traded (there aren't many but BJ's brewpubs is the closest comparable) and also at breweries that have recently raised capital here on Wefunder as well as any known sales or mergers in the industry.  I also relied on private information I received from other brewery owners here in San Diego as to what valuation metrics they used to raise capital.  While these varied wildly, with some as high as 7x revenue, 3x seemed to be a reasonable average, particularly with our opportunity for growth with the new location and our East Village location still increasing year-over-year revenue by 25%+.

  Below is a table showing these pricing metrics and how we stack up (note it is now below 3.0x as the annual revenue and NOI used are from our Trailing Twelve month financials through January 2020):