Memorial Trail Ice House
Regulation Crowdfunding offering on NextSeed
$200,000
of $200,000 goal
100.0% funded
About the offering
Project seeded with approximately $1.3MM in investment funds from the Houston business community. The property’s landlord is a strategic investor, ensuring that the interests of landlord and tenant are aligned. The project has already garnered significant investment activity from 25 members of the Houston business community. Business model and location, by the numbers: Based on competitive analysis, year 1 Revenues projected at $2.8M. Located on thoroughfare with average daily traffic of over 17k cars/day. Bar operations directed by experienced consultants, Ladies of Libation, LLC. Over 40 years of collective experience in the food & beverage industry. Experienced management from local favorites Triniti, State Fare, Liberty Kitchen, Coppa Osteria, and Hotel ZaZa. Memorial Trail Ice House (“Memorial Trail”) will serve as the social extension of Houston’s iconic Memorial Park. Memorial Park welcomes over 4 million visitors each year. Located adjacent to the park - runners, adult sports leagues and other park patrons will have a short walk or drive to a cold beer
FAQ
How much has Memorial Trail Ice House raised?
Memorial Trail Ice House has raised $200,000 of a $200,000 goal.
Where is Memorial Trail Ice House's campaign listed?
The offering is listed on NextSeed, an SEC-registered Reg CF intermediary.
What are the terms of Memorial Trail Ice House's raise?
Debt, 16% interest, 48-month term.
When does Memorial Trail Ice House's offering close?
The stated close date is Nov 8, 2019.