Propel Morning Briefing Mast Head CPL Training Link Paul's Twitter Link Subscribe Unsubscribe Web Version Propel Info website Propel Info website Forward Email Star Pubs and Bars Banner Morning Briefing Strap Line
Tue 13th Dec 2016 - Crowdfunded Hop Stuff Brewery returns to Crowdcube to raise £500,000 for expansion
Crowdfunded Hop Stuff Brewery returns to Crowdcube to raise £500,000 for expansion: London-based Hop Stuff Brewery, which was launched in 2013 following a successful crowdfunding campaign on Crowdcube, has returned to the platform as it looks to raise £500,000 for expansion. The company, founded in Woolwich by James Yeomans, is offering a 8.23% equity stake in return for the investment. The pitch states: “Hop Stuff Brewery launched in late 2013 following a successful crowdfunding campaign. Our offer is simple – inclusive, approachable and flavourful beers. We have grown a core range of beers and are looking to move into the packaged beer and export markets in 2017. We have a great brand, unique team and strong growth record. In 2015 we opened our first bar – The Taproom. The Taproom offers our local community an opportunity to try awesome craft beer and our exceptional sourdough pizzas seven days a week. Revenue this year is expected to surpass £1m, from just £60,000 only three years ago. Underlying net profitability is running at about 10% and set to rise with the growth of our own outlets and cost-saving efficiency of the new brewhouse. Next year we’re hoping to open two more bars across London and the south east, and increase revenue to more than £2m. By 2020 we are forecasting revenue growth to more than £5m per annum. We’re going to start putting more awesome beer into small packaged form than ever before, and grow our export sales to become the cornerstone of growth we know it can be! We have ambitious plans to expand the brewery – this will allow us to produce up to 1,000 kegs a week! We have a potential large lead order from Sweden as outlined in the business plan, and have increasing international demand for our beer. With exchange rates in our favour, and demand for craft beer growing globally, we’ll be well positioned after this fund to grow rapidly into new markets, as well as maintaining existing relationships with sites and distributors across London and the UK. We’re working with relationship banks to asset finance the new brewhouse, so we can use the cash for working capital, marketing, resourcing and fit-out. We’ll also be looking to aggressively acquire sites for new Taprooms across London and the south east. With regard to an exit, it would be easy to reach for examples like Camden – although we back our brand, we’re a little more realistic. In year three we’ve allowed for a dividend, this could easily fund a buyback instead. The other option is a market float.” The company forecasts Ebitda of £-2,686 in April 2017, £148,434 in 2018 and £786,744 in 2019. 


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Quarterly Spring 2018view online
 
Propel Premium
 
Lowlander Beer Co Banner
 
Funkin Banner
 
Franklin and Sons Banner
 
Jagermeister Banner
 
Ei Group Banner
 
Greene King
 
Catapult Banner
 
Freeths Banner
 
Venners Banner
 
Star Pubs Banner
 
HGEM Banner
 
Zonal Banner
 
Hastee Pay Banner
 
COREcruitment Banner
 
Diageo Sky
 
Access Banner
 
Freeths Banner
 
Venners Banner
 
liveRES Banner
 
Pipers Crisps Banner
 
Tahola Banner Tahola web link
 
Lincoln & York Banner
 
Punch Taverns Link Punch Taverns Link
Greene King Banner
ALMR Web Link Web Version Unsubscribe Subscribe Propel Info website