| Ticker: BBUC | 1999 Walden Drive | |
| Exchange: NASDAQ-Small Cap Market | Gaylord, Michigan 49735 | |
| Industry: Retail | (517) 731-0401 |
| Type of Shares: | Common Shares | Filing Date: | 4/15/96 | |
| U.S. Shares: | 2,450,000 | Offer Date: | 6/13/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $5.00 - $6.00 | |
| Primary Shares: | 2,450,000 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.40 | |
| Offering Amount: | $13,475,000 | Selling: | $0.24 | |
| Expenses: | $300,000 | Reallowance: | $0.05 | |
| Shares Out After: | 5,175,000 |
| Manager | Tier | Phone |
| R.J. Steichen & Co. | Lead Manager | (612) 341-6200 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $2.68 | $0.80 | $0.00 | Assets: | $6.42 |
| Net Income: | -$1.10 | -$0.39 | -$0.05 | Liabilities: | $4.77 |
| EPS: | -$0.45 | -$0.13 | -$0.02 | Equity: | $1.65 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, owns and operates microbrewery/restaurants known as Big Buck Brewery and Steakhouses. A Big Buck Brewery offers casual dining featuring moderately priced steaks, ribs, chicken and other food and a distinctive selection of beers which are microbrewed on-site. The company also sells its microbrewed beer off-site through wholesale distributors in order to promote customer interest in the Brewery. The company's selection of beers ranges from a light golden ale to a dark full-bodied stout and is designed to satisfy the tastes of a broad spectrum of consumers. A key element of the company's strategy is to capitalize on the growing interest of consumers in high quality, more flavorful microbrewed beer. The company believes it will generate loyalty to its beers and its restaurant operations through customer identification with each local Big Buck Brewery. The company believes the appearance of the Gaylord Brewery has contributed to its popularity as an eating and drinking establishment. The Gaylord Brewery features a large, open and visually stimulating dining area which highlights the array of stainless steel and copper brewing equipment used to brew the company's craftbrewed beer. |
| Use of Proceeds |
| The proceeds from the offering will be used for development and opening of three new Big Buck Breweries, repayment of debt and for general corporate purposes. |
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