Crowdfunding on NextSeed, Poitin has now raised over 80% of its $100,000 minimum goal. Meanshile, the campaign creator has shared that outside investors have stepped up to fund the company but he intends on keeping the offer open. The new bar and restaurant in Houston’s Washington Arts District suffered minor damage from the Hurricane Harvey, but founder Ian Tucker recently explained:
“In light of everything going on in the city, I’m resetting some of my campaign terms. I don’t want to take attention from the Harvey recovery efforts, and I’ve been fortunate to have the support of certain investors to secure the balance of our NextSeed raise. Having said that, I will keep the opportunity open for the community to participate. We still aim to create something exciting and new in the area that I will put my heart and soul into, and if anyone would like to invest, you’re still more than welcome to join us.”
The campaign has been extended until October 23rd, according to the campaign. As of today, the public facing offer indicates that 99 investors have backed Poitin for a total of $86,100.
Poitin is a full service restaurant with a seating capacity of 380 (including 70 seats outside). Tucker, who received a degree from Trinity College in Dublin, Ireland, has been involved in various service industries since a very young age working in various hotels, restaurants, bars and nightclubs in various countries. He previously opened “Balls Out Burger” in Houston as well.
The offer on NextSeed is for a revenue share of 1.60 times the investment over a term of 48 months. The money will be used to build out, open the restaurant and be part of the rebuilding of Houston.
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