Beer and Bread House Using only a few local ingredients, Leaven satisfies the heart, the head, and the soul. Leaven Beer and Bread House 2 Executive Summary The Concept Leaven is a sourdough bread bakery and craft beer pub located in the heart of Historic Somersworth. Leaven will provide Somersworth and the surrounding area with a comfortable and inviting hangout serving the highest quality beer and food. The Situation Somersworth and the surrounding area lack a strong bar scene, in many cases requiring residents to leave the city to spend a night out or find a happening restaurant. Somersworth’s downtown has seen impressive growth in the last couple years with an increase in small businesses moving into Somersworth and the GE factory turnaround. We can both capitalize on as well as help stimulate this growth with Leaven. A destination business such as a craft beerfocused bakery and restaurant can help draw attention to Somersworth’s downtown and create an inviting and exciting atmosphere. Keys to Success We have a small team with backgrounds in small business, financial management, event planning, and grassroots marketing. However, in order to succeed we need the support of the entire community. Our foundation is in Somersworth, having lived here over 20 years. We know many members of the community and are reaching out to many more each day. We have begun a direct mailing campaign canvassing the immediate area around downtown and plan to continue to reach out to all of Somersworth and neighboring communities. Our fundraising kick-off drew in several new faces and raised around $5000 in one night all using $100, $200, and $500 contributions. We have heard the response from our community and it has been one of overwhelming support for Leaven. Financial Needs While we have begun to see great interest in our voucher-based contribution method, we continue to seek out larger capital resources. We are looking to raise around $25-30,000 through the sale of partial ownership in this business. We have a strong forecast for returns for investors and this opportunity can both help grow a community as well as your investment. Leaven Beer and Bread House 3 Our Products Sourdough Bread The appeal to Sourdough is its timeless simplicity. Using only flour and water, it forms the basis for a wide variety of breads and baked goods. By feeding the yeast that thrives on wheat stalk, the fermentation process gives way to a bubbly, aromatic culture. Over time, the naturally occurring yeast in the environment replaces the active yeast in the ferment to make it a truly local phenomenon. Sourdough bread has seen a growing market especially among ‘foodie’ culture. The seacoast region of New Hampshire is currently underserved in this market. Only a handful of Sourdough bakeries currently exist within a large radius, while many of them focus on large-scale commercial output emphasizing quantity rather than quality. Age-old recipes combined with culinary craftsmanship yield a product that has been the staple of European and American food markets for centuries. With our own aged starter and creative approach to bread making, we look forward to providing something definitively ‘Somersworth’s Own.’ Craft Beer Craft beer focuses on quality. With smaller production than major distributors, craft brewers are able to give more attention to their products and constantly create new and exciting tastes. Craft beer selections in bars and restaurants have been a growing trend in recent years as more and more patrons are asking for more exotic or locally brewed beers. Nowhere is this more prevalent than in New England. The New England ‘Commercial Beers’ such as Sam Adams, Red Hook, Smuttynose, Shipyard, and Harpoon have all become must-haves in bars throughout the Northeast. On top of those, New Hampshire, Vermont, Maine and Massachusetts all have hundreds of independent brewers with a passion for unique and quality beer. The people in this part of the country have an unrivaled passion for good beer and this has created a wonderful economic opportunity for the whole region. It’s not only the public of New Hampshire who support beer. Governor Lynch is an outspoken supporter of the craft beer industry and has signed into legislation several laws that helped broaden the beer and bar landscape in the State. Those laws include broadening the types of ingredients brewers are allowed to use as well as sanctioning bars to have happy hours as well as advertise them outside the bar. Both laws are intended to bring both creativity and economic prosperity to the industry. Leaven Beer and Bread House 4 Management Team Emmett Soldati After graduating with a Masters degree from the London School of Economics, Emmett Soldati returned to his hometown to exhibit his entrepreneurial ambitions. Launching a rigorous community-funding campaign, Soldati opened Teatotaller Tea House in the historic district of Somersworth. Combining his passion for baking, sharp marketing skills, and keen business sense, Soldati helped drive traffic to a neglected part of town. He is also the chair of the board of the Friends of Somersworth Inc., a local non-profit tasked with transforming an historic city building into an Arts and Culture center. He looks forward to bringing his love of sourdough bread to this unique new business. Patrick Jackman With five years of experience consulting on start-up businesses and 2 years working in corporate finance, Patrick Jackman brings his business savvy to the Leaven team. Working for John Hancock, Staples Corporate, JP Morgan Chase and Citigroup, Jackman knows big business. Starting his own consulting firm, he helped small businesses keep their costs low, spread their word, raise capital, and maximize their profits. Returning to Somersworth a year ago, Jackman sees potential for strong commercial growth in the historic downtown and is excited to take part in it. Aidan Watson A Graduate from Lasell College with a degree in Hospitality and Event management, Aidan Watson has worked the food service industry for over seven years with experience ranging from management to bartending and cooking. Watson has a passion for craft beer and a deep love of Somersworth. With high hopes and strong determination he is bringing his talents to Leaven Beer and Bread House. Emmett Soldati Patrick Jackman Aidan W atson Leaven Beer and Bread House 5 Closing Notes To Our Potential Investors We appreciate your consideration and your time and hope that what we’ve included in this document shows you that Leaven Beer and Bread House is a quality investment both as a financial interest but also, for those of you in Somersworth, a community interest. We hope you choose to become involved in Leaven Beer and Bread House and share our passion for quality and our continued pursuit in bringing craft beer and artisan breads to Southern NH. -The Leaven Team For more information, please contact us at: [email protected]
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