White Cap Bar
“The assistance I received from the SBDC was invaluable! It was very easy to work with everyone involved and the paperwork was fairly minimal. The risk involved with opening a small business increases every year, and the grant was a huge help. I would definitely recommend the SBDC’s services to others. Knowing that there are services for small business definitely helped me take the leap of faith when it came to pursuing this venture!”
White Cap is a craft cocktail bar hidden just past the waves and beach in the Outer Sunset. Discover exquisite cocktails and an atmosphere of true hospitality. But it’s a bar so that means no velvet rope, a low-key neighborhood vibe and a cozy back room fireplace to cut the chill. Featuring a rotating cocktail menu inspired by the seasons and Ocean Beach culture. Founded by San Francisco native Matt Lopez, with a cocktail program from Carlos Yturria (Treasury and Beehive). Whitecap is a friendly hideout from the hustle and bustle of the city.
Client was seeking grant opportunities to cover the design/construction cost of the exterior of his new bar.
Business advisor from the San Francisco Small Business Development Center conducted one-on-one meetings, reviewed the business plan, financial projections and completed the Business Plan Review form (BPR) with the client. The BPR includes 6 sections, 30 questions, and 150 possible points: 1) Business Description, 2) Industry Analysis, 3) Marketing Plan, 4) Organization Plan, 5) Financial Plan, and 6) Executive Summary. The business plan received 113/150 (75%) points in the final grant review.
Client invested a total of $250,000 to build the Whitecap bar and received a grant amount of $16,850 from SF Shines to cover part of the cost of the exterior.