The Barrana Corp offering is now closed and is no longer accepting investments.

Barrana Corp

Our burgers sell our beer and our beer sells our burgers.

Barrana Corp

Our burgers sell our beer and our beer sells our burgers.

Surprise, AZ
Food & Beverage
Barrana Corp is a collective of breweries/restaurants known by State 48 Brewery, across Arizona. Each location has its own style and offerings, and is equipped with a brewhouse, brewpub and scratch kitchen that offer a wide variety of craft beers, ales and food. We’ve got something for everyone!

$26,765

raised
55
Investors
$20M
Valuation
$5.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$26,765

raised
55
Investors
$20M
Valuation
$5.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on January 15, 2021 and is no longer accepting investments.

Reasons to Invest

Brewery’s sales for 2019 were $9 million for all restaurants, showing growth of 110% from 2018
Maxed out the capacity of their 10-barrel system in four locations, and looking to open the fifth this year
The market for craft beer is worth $29.3 billion and craft brewer sales continue to grow at a rate of 4% by volume, comprising 13.6% of the U.S. beer market

“The best of the best in one place”

Our Story


At State 48 Brewery, we offer more than premium craft beers. Every detail of our restaurants has been carefully crafted, from the creative urban design to the location-specific menus.

With over 12 years of experience as restaurateurs, we are as passionate about beer as we are with our scratch kitchens. After growing tired of the many chain restaurants, we wanted to introduce a new concept to the community of an independently-owned restaurant that offered more than great food, but facilitated connection over patio games and fantastic beer. Since opening our first location in 2017, we have quickly grown to four locations in Arizona to satisfy the demand for our unique dining experiences.

The Problem


A lack of options for quality beer and food

Based on our experience, many of the breweries on the market today are chain restaurants with limited styles and options. It can be difficult to come by restaurants and breweries that deliver all the best of the best in one place, from quality ingredients to a variety of craft beer and food options to a multitude of seating options and activities to suit every need, all within a trendy and family-friendly atmosphere.

The Solution


A brewery and restaurant that delivers everything in one place

We opened our first location in Surprise, Arizona, with the goal to introduce the community to a concept that did not exist there at the time: an independent restaurant/brewery that offers a wide range of styles, and an interactive environment with lots of games and activities for patrons to enjoy. The State 48 locations are spacious and equipped with plenty of seating both inside and out, that accommodates both large parties and facilitates the meeting of new people.

Our Traction


$9M in revenue in 2019, and continued expansion in Q2 2020

With the success of our first location, we quickly realized we needed to expand our operation to fulfill a growing demand. In 2017, we maxed out the capacity of our 10-barrel system and needed to contract brew from two other local breweries to keep up with the demand of our customers.

We have since opened a total of 4 locations throughout Arizona with larger barrel systems to satisfy the demand for an even wider range of beers and ales. We went from brewing 960 barrels with one location in 2017, to 1520 barrels with 3 locations in 2018 (2 of which had only been open for 3 months) to 2750 barrels in 2019 with 4 locations (the fourth location only brewing for 2 months).

The Market


A fast-growing market for breweries and craft beer

In 2019, U.S. beer volume sales were down 2%, while craft brewer sales continued to grow at a rate of 4% by volume, reaching 13.6% of the U.S. beer market by volume. Craft production has grown the most for taprooms and retail dollar sales of craft beer have increased 6%, up to $29.3 billion. Craft beer now accounts for more than 25% of the $116 billion U.S. market (source).

What We Do


High quality beer served in fun, dynamic spaces

We operate four full-service restaurants, bars, and breweries, with our biggest location in Glendale, AZ housing a 12 lane bowling alley. Each location features slightly different offerings from menu items such as neapolitan pizza to specialty lagers to games such as pool, cornhole and giant versions of jenga and connect four. Recently, we installed a new 40-can-per-minute canning line and have recently started selling our beer in cans at our locations.

The Business Model


Strategic about locations and distribution, to reach the highest number of people possible

State 48 Brewery sales for 2019 were $9 million for all restaurant and brewery operations. Although we have recently started distribution through a wholesaler, most of our sales have been through on-site food and beverage operations. We have established multiple revenue streams with: on-site dining and big bar businesses, state-wide distribution of kegs, both on and off-site distribution of cans, and large venues for office party banquets.

We have chosen our locations to be strategically located in entertainment-focused areas and near major event venues which host numerous sporting events, annual concerts and other shows with stadium crowds ranging from 10,000 to over 60,000. Our downtown Phoenix location, for example, is within walking distance to the Arizona Diamondbacks Baseball team and the The Phoenix Suns Basketball team, as well as The Phoenix Convention Center.

How We Are Different


Loved by the community, we’ve got something for everyone

State 48 has developed strong relationships and local support bases in every community in which we have opened. We ensure the continued interest of customers by offering a wide variety of styles and handles. By offering a more expanded menu than our competition, we are able to appeal to more than just beer lovers, which will ensure our longevity.

The Vision


Sustainable growth and expansion 

The company will only continue to grow, as we opened our fifth location in June 2020. The company aims be ranked among the top five Arizona production breweries by 2021.

Our Team


Family-owned and restaurant expertise

We have been restaurateurs for over 12 years and have always been big supporters of the craft beer industry. Both our culinary team and brew team have extensive experience. All of our team leaders have been with the company since the beginning. We are a family owned business and encourage our staff to be a part of the family!

Why Invest


As the craft brewery market grows, our company aims to grow

State 48 Brewery has set the pace for the brand and is now planning to capture more market share and to continue to rise in state rankings. With craft brewery production on the rise, we would love to have you join us.

In the Press

New State 48 Brewery and Brewpub Coming Soon to Downtown Phoenix

There's a new brewery coming to downtown Phoenix.

Does the arrival of a craft brewery really signal a neighborhood revitalization?

For most of his life growing up in Surprise, Arizona, Dylan Frank says there was “nothing to do.” Then, in 2016, when State 48 Brewery opened its doors, it was as if they brought an entire social scene with them. “The brewery came in and all of a sudden everyone would go there.”

Beer Hunting in the Valley of the Sun

f you are headed south for Spring Training, you’ll likely opt to stay somewhere on the west end of the valley, probably in Peoria or Surprise. If you do, get familiar with State 48 Brewery right away.

7 locally-owned restaurants, breweries want the West Valley to go off the chain

If you couldn't tell by name that State 48 Brewery specializes in beer, the kegs lined up near the entrance or the black-and-yellow color scheme give it away.

Arizona breweries with plans to open or expand in 2018

Owner Mario Rana has two big projects this year. He's opening a second brewery in downtown Phoenix and a third brewery, State 48 Barrel & Lager House, in Scottsdale.

Offering Summary


Company

:

Barrana Corp.

Corporate Address

:

13823 w. bell rd, Surprise, AZ 85374

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

2,000

Maximum Number of Shares Offered

:

214,000

Price per Share

:

$5.00

Pre-Money Valuation

:

$20,000,000.00











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days

In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Early Bird

Friends and Family - First 72 hours | 15% bonus shares

Super Early Bird - Next 72 hours | 10% bonus

Early Bird Bonus - Next 7 days | 5% bonus shares

Company Perks*

$500+ (Tier 1 perk) Special edition VIP hat

$1,000 (Tier 2 perk) Special edition Brewers shirt embroidered with your name and VIP hat

$2,500+ (Tier 3 perk) Special edition embroidered shirt, VIP hat, metal wall sign, 20% discount online merchandise orders, monthly beer club membership ( free six pack or growler or 2 crowlers ) in store pick up only

$5,000+ (Tier 4 perk ) Everything listed above and a $500 gift card 

$10,000 (Tier 5 + 10% bonus shares) everything listed above and a investors club card for 10% discount on food and beverage purchases forever 

$25,000+ ( Tier 6 + 10% bonus shares) everything listed above and a 2 tap kegerator with your two keg choices of any beer ( slims) in our inventory plus 1 replacement slim every 3 months forever.

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Barrana Corp. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of common stock at $5/ share, you will receive and own 110 shares for $500. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$1,837.00 USD
$894,000.00 USD
Cash And Cash Equivalents
$62,000.00 USD
$39,000.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$382,000.00 USD
$247,000.00 USD
Long Term Debt
$2,377.00 USD
$1,145,000.00 USD
Revenues And Sales
$9,449,000.00 USD
$4,582,000.00 USD
Costs Of Goods Sold
$2,187,000.00 USD
$1,127,000.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$426,000.00 USD
-$309,000.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Material Change in Offering

11 months ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Barrana Corp offering. Here's an excerpt describing the specifics of the change:


Barrana Corp is extending their campaign by 30 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Material Change in Offering

about 1 year ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Barrana Corp offering. Here's an excerpt describing the specifics of the change:


Barrana Corp extended their campaign for 60 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Show More Updates End of Updates

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