California 88

California 88

[Closed for Investment] Who Should Be Interested:
Do you love wine? Specifically, do you really enjoy California wines? And do you live in the Brooklyn, NY area? If you said yes, then investing in California 88 might be for you. They plan to open up a wine bar dedicated exclusively to California wines in the Greenpoint area, giving people a place to taste, learn, and experience all of the different wines.

The Company:
California 88 is a wine bar set to open in the late spring of 2018 in the Greenpoint Brooklyn, New York area. Right around the corner from McCarren Park, California 88 will feature exclusively California wines, and their wine program will be truly one of a kind -- they will offer every bottle available by the taste or the glass. This means that customers can indulge in a rare $180 bottle of wine...at a tasting price of just $9. The goal behind California 88 is for patrons to become their own wine experts and learn what wines they most enjoy. California 88 will offer 88 California wines, be open Monday through Sunday, and offer locally-sourced, organic small plates, charcuterie, and cheeses, as well as weekend brunch. In addition to just being a comfortable and inviting place to meet some friends, the bar will also offer tasting classes, private winemaker dinners, and California wine country retreats.

The Bottom Line:
Owner Eric Hsu knows wine. He co-founded WineDirect, which is the largest e-commerce platform in the wine industry, and his entire team has deep food, wine, and hospitality experience. With that knowledge, bringing a little West coast wine love to the Greenpoint Brooklyn area is something we can all raise a glass to. Cheers!

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Investment Overview

Raised this Round: Raised: $125,000

Deal Terms

Total Commitments ($USD)

Platform
NextSeed
Start Date
02/10/2018
Close Date
04/30/2018
Min. Goal
$100,000
Max. Goal
$125,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
Brooklyn, New York
Company Website
Visit Website

Team

Employees
1

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2018 NextSeed - $125,000 Revenue Share Funded RegCF
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California 88 on NextSeed
Platform: NextSeed
Security Type: Revenue Share

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Warning: according to the close date for this deal, California 88 may no longer be accepting investments.

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