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North by Northwest

North by Northwest

One of Austin's oldest craft beers is now in cans at grocery stores.

One of Austin's oldest craft beers is now in cans at grocery stores.

Overview

Raised this Round: Raised: $400,402

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/01/2018

Close Date

06/15/2018

Min. Goal
$200,000
Max. Goal
$750,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

Austin, Texas

Who Should Be Interested:
Do you live in Texas, especially in the Austin area? Do you know and love North by Northwest Restaurant & Brewery, or do you just really enjoy craft beers? If you said yes, then North by Northwest Brewing Company could be the investment you’ve been waiting for! They’re looking to make their brews available for sale in the off-premise market and make it so that everyone -- not just people in Austin -- can enjoy their beers.

The Company:
North by Northwest (NxNW) Restaurant & Brewery is one of Austin’s oldest craft beers -- and now they want to can their brews and bring them to you in stores. NxNW was founded in Austin, TX in 1999, and they opened a second location in 2014. Those two brewpubs have totaled over $7.5M, with over 1,8000 barrels of beer sold, and they attribute their success to their fun, family atmosphere, delicious craft brews made on-site, and tasty foods. Now, they want to create that culture in more places by offering their NxNW beers in cans so people across Texas can imbibe in their refreshing brews. Their plan is to start with three styles of beer in a number of core Austin stores, then add in restaurants, liquor stores, and convenience stores across the state. NxNW has already mandated for placement in 39 H-E-B stores in the Austin area, and Specs Liquor Stores have also approved their beers. Their Austin distributor is Brown Distributing, who manages over 60 beverage brands, including 25 craft beers.

The Bottom Line:
When it comes to craft brews, NxNW knows a thing or two. With a strong following already, this expansion will continue to ramp up their brand, increase a fan following, and bring delicious beer to the people of Texas. Cheers to that!
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North by Northwest on Wefunder
Platform: Wefunder
Security Type: Debt

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