Hear.say Brewing and Theater

Hear.say Brewing and Theater

Closed: Aug. 2024

About this raise

Hear.say Brewing and Theater is raising funds on Honeycomb. It is an upcoming brewery and comedy club in Ann Arbor, Michigan. Hear.say Brewing and Theater aims to blend the art of brewing with the spontaneity of improv performance to create an environment of connection and creativity. The establishment will offer both alcoholic and non-alcoholic beverages and will also function as a corporate training center and event space suitable for private gatherings and professional workshops. Anthony DeRosa founded Hear.say Brewing and Theater in September 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for food equipment, a canning line, a dishwasher, theater electrical work, startup beer ingredients, outdoor signage, and working capital.

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Investment Overview

Invested this round: $94,899

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
06/19/2024
Close Date
08/02/2024
Min. Goal
$50,000
Max Goal
$100,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.50%

Term Length

3.0 years

Company & Team

Company

Year Founded
2023
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Ann Arbor, Michigan
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Anthony DeRosa
Title
President

Financials

 Revenue
$1,407
as of FY2023
 Monthly Burn
$791
as of FY2023
 Runway
24+ months
as of FY2023
 Gross Margin
76%
as of FY2023

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,407

$0

COGS

$336

$0

Tax

$0

$0

 

 

Net Income

$-9,488

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$302,288

$0

Accounts Receivable

$0

$0

Total Assets

$310,988

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/02/2024 Honeycomb - $94,899 Debt Funded RegCF
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Add to portfolio
Hear.say Brewing and Theater on Honeycomb 2024
Platform: Honeycomb
Security Type: Debt

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