McMenamins is looking for investors for the first time outside the family

From invest.mcmenamins.com

McMenamins is looking for investors who are interested in revitalizing neighborhoods, honoring art, bringing history to life, and building community – all while having fun. 

McMenamins has created an investment package for its Series A Preferred Stock.

Although this is the first time the company has opened direct investment in McMenamins, Inc., to those outside the McMenamin family, the company has invited outside investment from accredited investors to capitalize two previous projects, the revitalization of the Anderson School in Bothell, Wash. and the Elks Lodge in Tacoma, Wash. 

Unlike those private securities offerings, which were for specific properties, investors who take part in this offering will have an opportunity to purchase a shareholder interest in the company itself.

An Invitation from the McMenamin Family.

“First off, we would like to say thank you. Thank you to everyone who has helped us transform McMenamins from a small pub in Southeast Portland to a 56-property company spanning across Oregon and Washington; to our employees, whose hard work and dedication makes McMenamins enjoyable for all who can experience it; to our customers and communities, who we love and are honored to serve; and to you, for stopping by to learn how you can be a part of McMenamins.

For years, we’ve tinkered with and evolved the McMenamins guest experience, meshing together critical pieces, including a vintage, homemade and exotic light fixture collection amassed over 40 years. We’ve tapped our love of architectural restoration and the interpretation of local history by artists. We’ve layered in touches to create a sense of exploration and discovery − from small bars, pools, gardens, free music and events to menu updates, and secret rooms that create a sense of community and shared experiences. Oh, yes, and most importantly, great people ready to help you enjoy it all.

Today, we are weathering the pandemic storm and are using our experience to adjust to this new, uncertain climate. And adjust we have – from rehiring employees to filling to-go orders, canning handcrafted beverages and roasting coffee beans; to livestreaming concerts, we’re bouncing back.

We are inviting you to be part of an investment offering to shift the company’s capital structure away from short-term bank debt incurred by the coronavirus and toward a greater reliance on equity. The larger purpose of the offering, however, is to provide working capital for projects. With many long-planned projects in the works, and guests eager to come enjoy a Ruby and tots in one of the historic pubs, please join us for an exciting and creative future. It will be fun!

With gratitude,

Brian, Mike and the McMenamin Family”

2020 and Beyond

Over the years, McMenamins has seen greater than market average revenue growth. Prior to the current crisis, the company was on track to experience one of its best financial first quarters in more than 10 years.

Of course, there have been a few changes this year based on the government-mandated COVID-19 shutdown. McMenamins is starting to reopen in a safe, cautious way, following state and local guidelines. Current services include: 

  • All McMenamins Pubs are open for dine-in and takeout service.
  • All McMenamins Hotels are open including restaurants and bars. Following government mandates, soaking pools and movie theaters remain temporarily closed.
  • Canned beer sales and growler and crowler fills.
  • Livestreamed concerts from select venues, with more streamed events on the horizon.
  • Retail products, including McMenamins wine, spirits, canned beer, coffee beans, gifts, hand sanitizer and more, are available for purchase.

As Oregon and Washington continue reopening, McMenamins will expand services, adjusting to the COVID-19 climate and following CDC guidelines closely to ensure a safe, enjoyable experience.

With these adjustments comes exciting growth. The working capital received as a result of your investment will be used to bring the company back to pre-COVID-19 levels, and fund future expansion of projects that have been in the works for years. At the top of the list? Adding lodging, meeting space, a bottle shop (and maybe a secret bar!) to Cornelius Pass Roadhouse; transforming “The Jail” into a hotel at Edgefield; and developing the neighboring 65-acre “Pig Farm” adjacent to Edgefield as well as other very special projects.

Interested in learning more? Please visit invest.mcmenamins.com.

This article is information only using content directly from the website invest.mcmenamins.com. This is not advise or an ad. Do your due diligence and know the risks before investing in any company.  The publishers may invest in Oregon Companies like this one because they believe in investing in Main Street instead of Wall Street. They are not soliciting an investment nor were they asked to run this article. 

McMenamins started in Portland and has locations all over Southern Oregon, including Roseburg, Bend, Eugene, Corvallis, Lincoln City and Salem.

Find out more at mcmenamins.com

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