Wednesday, January 1, 2014

Happy New Year from NOLA!

Hi Y’all,
Happy New Year and Cheers from New Orleans.  Mark and I made the trip to NOLA for an end of 2013 and beginning of 2014 visit.  We’ve been busy since our arrival…  We’ve looked at three potential brewery properties, have met with our lawyer and banker and best of all got to meet our brewer Jason Weissberg in person.

 

Before we head back to the almost North Pole, we’re hoping to decide on a property and we have two on our shortlist.  If all goes as planned, we’ll have a lease agreed to in short order and we’ll be forced to order the brewhouse.  We’ve decided on a manufacturer and now just need to ink the paperwork.  We’re waiting to ensure we have a place to install it so we’re not putting the horse before the cart although it’s quite exciting to think about.

 

The business plan is just about wrapped up.  We hope to hand over a draft copy to our banker tomorrow and then get our Private Placement Memorandum completed in a couple of weeks.  Mark and I have done a lot of research on the Securities and Exchange Commission requirements and Blue Sky Laws.  Legalize is complicated to say the least but I think we’re in a great spot.

 

Tomorrow we take Jason by a few of the properties.  It will be interesting to get his take and then hopefully we can reach an agreement with a great landlord and start the brewery build out process.

 

More to come in the next few days!

 

Cheers,

Karen

No comments:

Post a Comment