Culmination Brewing seeks small investors for sustainable expansion
The Best New Oregon Brewery of 2015 according to both the Oregon Beer Awards and the New School’s best of the year industry poll is looking for investors to fund a canning line and promote the stable growth of Culmination Brewing. Tomas and April Sluiter opened Culmination Brewing after years of searching for the proper space and building a successful business model, in the past 5+ years they have built a dedicated following. By partnering with investment program SBMX they are offering bonds secured by collateral which will be paid back to small investors with interest. But the funding share offering ends on January 31st so don’t doddle on this rare opportunity.
Culmination Brewing is investing heavily in their people and space and getting creative to both keep true to their expansion plan and weather the rest of the pandemic. They’re staying open and working towards installing a new canning line to get ready for a busy 2021.
The canning line serves 3 purposes:
It helps them weather future shutdowns from covid-19 should the tap room need to unexpectedly close.
It helps them improve their production margins. Currently, all production has shifted to cans and the margin mobile canning takes is cumbersome to the cost of goods. They’ll save money and lower costs by bringing a canning line in house.
It helps them expand their capacity and introduce more SKUs into multiple markets. Since they’ll be able to can beer right when it’s ready, instead of waiting to bring in a mobile canning line, they can can more beer faster.
Currently, banks lend out customer’s deposits to other entities, mostly small businesses. Businesses like Culmination then make interest payments on those loans, and the bank keeps this interest. Lending cycles like these pull money out of the local community.
“We’ve previously borrowed from banks but as Covid-19 swept the world, we knew focusing our efforts and opportunities in our community that supports us was more important than ever,” says Culmination founder Tomas Sluiter. “When we founded Culmination in 2013 it was part of our Mission Statement to become a good steward of the community, and support our customers and worthy causes when we could. We thought why not help people, our customers and fans generate passive income monthly! We want to share our success; we want our wins to be wins for the whole craft brewing community.”
How it works
Investors invest starting at $10. This money is held in an escrow account until the end of the offering (a little over a week at the time of this article).
When the offering ends and the bonds are purchased, the money is transferred from the escrow account to Culmination.
1 month after the bonds are issued, you’ll begin receiving monthly payments. You’ll receive 84 monthly payments until your investment is paid back plus interest.
Just as an example, if you were to invest $1000, we would pay you $15.59 every month for 7 years and you’d get a total return of $309.24 in addition to your principal.
Investor shares are only available for a limited time as the offering ends on January 31st at 5pm pacific time. Get in on this deal and feel good about supporting local, craft, independent brewers and Portland business while making a little bit of profit in doing so.