Bao Brewhouse LLC OFFERING STATEMENT
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Bao Brewhouse LLC OFFERING STATEMENT OFFERING SUMMARY Issuer Name Bao Brewhouse LLC Offering Amount $30,000 - $60,000 Security Type Secured Loan Interest Rate 10.50% Maturity 60 months Payments Monthly, disbursed to investors quarterly Security Interest Purchase money interest in items to be purchased Personal Guaranty Michael Swift First Payment 45 days after campaign end date COMPANY OVERVIEW Did you know there are eight major cuisines in China, but only one is predominately served in the US? Well, we are no regular “Chinese restaurant,” and Bao Brewhouse will be a never before seen concept in Denver, Colorado. The owner of Bao Brewhouse has traveled all over China and knows the best dishes from each region, which will be put on display in downtown Denver.Now, combine that with a legendary space in this city. Since we have the bare bones of Euclid Hall to get creative, all three floors will be transformed into something different yet cohesive to our Bao Brewhouse “Story”. Meshing the new/trendy generation with the traditional, the restaurant will encompass a specific area in China that will offer diversity on each floor. The main level of the restaurant will be a blend of fast casual/quick service with the look and feel of an ultra-modern city in China. The second level will be a step into old China with intimate premium dining and a tea room experience geared towards longevity in a patrons stay. The basement will be a speakeasy giving you a glimpse into the kitchen while offering exotic and unique chinese flavor infused cocktails. Each level will transform the guest into a different world where they can taste, smell, and visually partake in the Chinese culture. COMPANY ELIGIBILITY Name of issuer: Bao Brewhouse LLC State of Organization: CO Date Company Was Formed: 5/14/2020 Type of Company: LLC Physical Address: 1317 14th Street, Denver, CO 80202 Registered Business Address: 2632 Blake St, APT 204, Denver, CO 80205 Web Address: http://baobrewhouse.com/ # of Employees: 35 The Issuer certifies that all of the following statements are true: INTENDED FOR REVIEW BY POTENTIAL INVESTORS ON HONEYCOMB CREDIT ONLY. DO NOT COPY OR DISTRIBUTE • The Issuer is organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia. • The Issuer is not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934. • The Issuer is not an investment company registered or required to be registered under the Investment Company Act of 1940. • The Issuer is not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding. • The Issuer has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement. • The Issuer is not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies. • The Issuer, or any of its predecessors, has never failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding. OWNERS OF THE COMPANY NAME CLASS % OWNERSHIP Michael Swift LLC Ownership 90.0% The above is the only ownership outstanding for the company. The ownership interests of a Colorado Limited Liability Company give the owner the right to share in the profits of the company. Key Persons of Issuer Below is a list of the key officers of the Issuer along with their principal occupation, office, date of joining, and responsibilities for the past three years. Michael Swift Employer: Bao Brewhouse Title: Owner/Operator Dates of service: May 2020 – present Previous Experience Employer: Jing Restaurant Title: General Manager Dates of service: 2017 – present Michael Swift has been working in the restaurant and beverage industry for twenty years. Swift’s career started with bartending in Philadelphia as a young and eager twenty-one year old. After getting the taste of the industry, he went back to school to get a degree in Hospitality Management. While working INTENDED FOR REVIEW BY POTENTIAL INVESTORS ON HONEYCOMB CREDIT ONLY. DO NOT COPY OR DISTRIBUTE his way through Penn State as a bartender, cook, and hotel sales/marketing assistant, he learned all aspects of the hospitality business. Once he received his diploma, his hospitality career took off with his first job working for the Hyatt in North Lake Tahoe. As a twenty-five year old, Michael realized he had more of a passion towards the nightclub hospitality industry rather than hotels. Given that, Swift took the next step and traveled to South Lake Tahoe to run nightclubs. Fast forward fifteen years later, Michael’s job experience and dedication have grown exponentially from living all over the country. Starting as a bartender and growing towards numerous manager positions, such as marketing, sales, and general manager for multiple companies including the following: Burton Snowboards, Budweiser, Evolab, and a tech start up company, Michael needed a change. With his experience and world travels, he decided he wanted to escape to the mountains to regroup and figure out what his next steps would be. In Aspen, he became a general manager of an Asian Fusion restaurant where his mind and creativity started to wander and the concept building for his own venture started. Learning and studying Asian food as well as bringing his own flare for beverages and marketing into the mix, Michael not only helped grow the restaurant, but he doubled the business and sales within one year. Now, sitting on twenty years of experience and knowledge, Michael Swift has decided that he is more than ready and eager to start a venture of his own. For more information, see Michael’s LinkedIn profile: https://www.linkedin.com/in/michael-swift- 923b485/ There are no other officers (or persons occupying a similar status or performing a similar function) of the Issuer. ANTICIPATED BUSINESS PLAN Did you know there are eight major cuisines in China, but only one is predominately served in the US? Well, we are no regular “Chinese restaurant,” and Bao Brewhouse will be a never before seen concept in Denver, Colorado. The owner of Bao Brewhouse has traveled all over China and knows the best dishes from each region, which will be put on display in downtown Denver. Now, combine that with a legendary space in this city. Since we have the bare bones of Euclid Hall to get creative, all three floors will be transformed into something different yet cohesive to our Bao Brewhouse “Story”. Meshing the new/trendy generation with the traditional, the restaurant will encompass a specific area in China that will offer diversity on each floor. The main level of the restaurant will be a blend of fast casual/quick service with the look and feel of an ultra-modern city in China. The second level will be a step into old China with intimate premium dining and a tea room experience geared towards longevity in a patrons stay. The basement will be a speakeasy giving you a glimpse into the kitchen while offering exotic and unique chinese flavor infused cocktails. Each level will transform the guest into a different world where they can taste, smell, and visually partake in the Chinese culture. Floor Details Phase one: Street Level “Kitchen” – The look and feel will be new age trendy China: Chinese graffiti, TVs, LED signs, street lanterns, and all different colorful platings. The food is going to be fast, casual service. When walking into the restaurant, customers will be directed by a TV grid that will explain where to order food, beer, and what is upstairs (the guide for Bao Brewhouse). With high wooden benches and INTENDED FOR REVIEW BY POTENTIAL INVESTORS ON HONEYCOMB CREDIT ONLY. DO NOT COPY OR DISTRIBUTE long tables, group eating (yet social distance acceptable) will be where everyone congregates. Diners will order food from the counter and be given “something symbolled or numbered” so they can sit down and get their food delivered to the table. “Food To Go” - We are environmentally conscious so we’d prefer diners to sit and eat in our restaurant, but if they are on the go, yet crave our noodles, it will cost them a couple extra dollars to pay for our biodegradable utensils. These utensils will play off of the “Cup A noodle boxes” look. If they take our food out of the restaurant, we want to keep our brand awareness high and have people walking around/eating from our Bao Brewhouse branded boxes. Point is, even if a stranger on the streets sees it, they’ll know they’re enjoying a Bao Brewhouse meal. Phase two: 2nd Level Tea Room/Opium Den – The goal for the second level is to have a more traditional China feel: lanterns, red colors, and bathrooms to be partition dressing walls. This space will offer not only the drinks and beers from the kitchen level but will highlight our extensive tea and loose tea menu including teas on tap. Seating will consist of traditional pillows and cushions with different types of Chinese drapery over diners’ heads. Diners may enjoy a nice cocktail or a mini tea kettle at their table while they get work done or catch up with a friend. This space will be a more lounge/premium dining area with servers and full staff.