FINALLY!!
Artist's rendering of our new 24-hour café coming soon to the 78745 neighborhood...
QUICK UPDATE regarding our forthcoming 24-hour café and remodel of the BakeHouse:
I'm pleased to share that we FINALLY received our long-awaited MEP Engineering Plans for the BakeHouse this past week!!! Furthermore, during the time our architect and engineering firm have been working on the design aspects of the new café and dealing with the City, we have also been working on several new major opportunities that emerged subsequent to the announcement of our new café concept and our closing on the BakeHouse lease and purchase agreement in the 3rd Quarter of 2014. Although the design and permitting of the new café has taken longer than what we had hoped, the good news is that we are now underway with closing on our SECOND PURCHASE of yet another well-established, long running and profitable business. That being said, 2015 will find us adding not one, but rather TWO NEW BUSINESSES to our South Austin Ventures' collective, in addition to Strange Brew Austin Coffee & our Lounge Side music venue.
With the closing of our second purchase contract and our Building Permit for the BakeHouse remodel both only 6-8 weeks away, we are preparing to release the remaining investment interests under a revised Business Plan and second-phase, private equity Offering of South Austin Ventures, LLC, which will now consist of not two, but three limited liability companies (LLC's), each a wholly-owned subsidiary, including SBAustin LLC ("Strange Brew" & "Lounge Side"), Southside Café, LLC ("Southside Café" & "Southside Catering Company"), and an undisclosed, third LLC, the details and trade name of which can only be shared subsequent to the undertaking and receipt of a requisite confidentiality agreement. Given the added revenue afforded from this latest acquisition and unnamed entity, it is anticipated that all three wholly owned subsidiaries in the South Austin Ventures collective will generate combined revenue in excess of $5MM annually. Given the 30%+ increase in gross revenue and greater profits afforded by the Company's latest acquisition, the remaining Interests in the second phase of the Offering are being offered at $30,000 per LLC Interest, which reflects a 20% increase in the price per Interest over Interests offered previously. Investors purchasing these remaining Interests will enjoy a preferred, annualized, projected rate of return on investment in excess of 25%+. As with the Interests sold to date, Investors purchasing these remaining, second-phase Interests have the option of utilizing proceeds from their IRA, 401K, or other type qualified retirement account for the purpose of investment.
If you would like to receive a copy of our revised/updated Business Plan once it is ready for distribution in the next few days, please email my partner, Shane Widner, at Shane@StrangeBrewAustin.com , or call him on his cell phone at 305-766-6969. We look forward to hearing from you.
Proposed Floorplan
Birthday Bash!
Happy Birthday Strange Brew! We are 5 years old on June 12th! Join us for Music by Wrenfro, The Apostles of Manchaca, The Night Mothers and and possibly one other band to be named. Beer specials from South Austin Brewery and BBQ made by our very own Schuster's Smoked Meats. This is the same BBQ we have been serving at our Birthday Parties for the last 3 years. Anyone that has had it wil tell you it is some of the best around! It all happens Sunday June 14th, 1pm to 8pm and the charge is just $10 all day and a BBQ plate!
Rolling Stones Tribute Show!
July 4th 11:30pm
We have added a Rolling Stones Tribute show to the 4th of July lineup. If you purchase a Beatles Tribute ticket, you will get a coupon code good for $5 off the Rolling Stones Tribute. Note: These are two separate shows and each show has it's own cover/ticket.
Thats it for me this week, as always, get out and see some new music!
Scott
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