Ground breaking New Zealand brewers – Yeastie Boys – have released details of their highly anticipated share offer.
From 6pm on Wednesday 28th January, friends and fans of Yeastie Boys’ award-winning ales will be able to buy a piece of the brewing company via an equity crowdfunding campaign on PledgeMe.
Yeastie Boys are seeking to raise up to $500,000 to achieve the targets outlaid in their three year strategic plan (this capital represents 12.5% of the company). The capital raised will be used to replicate Yeastie Boys current New Zealand business model in Britain.
Yeastie Boys are calling on investors to help them reach their target within 24 hours. “Putting together an offer like this takes a lot of time and energy” said Yeastie Boys’ Head Boy Stu McKinlay. “Our heart, soul and mind has been invested into getting the business plan right. Now we want get the job done and refocus back on the business of making great beer and getting it to the people who want it!”
The offer document, which is both comprehensive and typically irreverent, outlines how Yeastie Boys aim to grow revenue by at least 450% over their three year plan. It also sketches a high-end scenario which could see Yeastie Boys revenue grow by up to 9 times. It is acknowledged that this later scenario would require further funding.
Yeastie Boys intend to be brewing in Britain by April, with the launch of locally brewed beer coinciding with their appearance at the Wetherspoon International Craft Brewer’s Showcase. This event, similar to the same pub chain’s International Real Ale Festival that Yeastie Boys took part in during 2014, will see their beer hit the taps of more than 900 pubs across Britain and Ireland.
The Yeastie Boys share offer also announced information on the impressive partners they have lined up for the production and distribution of their beer in Britain.
Aberdeen-based BrewDog, the fastest growing food and drinks company in Britain, has been lined up to contract brew Yeastie Boys beers.
“Not only are we extremely excited about Yeastie Boys bringing their avid crowd into their company, but that they’re brewing to success with three-time crowdfunding superstars, BrewDog.” said PledgeMe co-founder Anna Guenther.
Instil Drinks, the beer arm of the recently merged Bibendum PLB Group, will offer truly national distribution to Yeastie Boys beer. Instil Drinks are working with Yeastie Boys as a part of a New Zealand craft beer collective that also includes 8 Wired, Tuatara, Renaissance and Three Boys breweries.
“We’ve known for a while that there is demand for our beer in Britain and, as such, have been chatting with BrewDog for some time” said Yeastie Boys Directive Creator, Sam Possenniskie. “The coming together of this Kiwi craft beer collective, and the wide reach of Instil Drinks as distributors, are the two perfect pieces of the jigsaw puzzle that we wanted to get in place before reaching out to our crowd.”
Yeastie Boys founding partners and directors – Stu McKinlay and Sam Possenniskie – are hosting ‘Question & Answer’ sessions for potential investors this week. The sessions take place in Christchurch, Auckland and Wellington from Monday to Wednesday.
Full offer document:
Love Money Launch Week events:
- Christchurch Love Money Q&A: http://attending.io/events/lovemoneychch
- Auckland Love Money Q&A: http://attending.io/events/lovemoneyakl
- Wellington Love Money Q&A: http://attending.io/events/lovemoneywlgprelaunch
- Wellington Love Money Launch: http://attending.io/events/lovemoneywlg
Further share offer information:
You can also hear our interview with Yeastie Boys’ Stu McKinley here… Ed.