town-of-ashland-development-agreement-2025-05-27_cdb.pdf
Coffee Creamer Ventures awarded $550K restaurant development grant
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Description
Coffee Creamer Ventures, LLC awarded a $550,000 grant incentive by the Town of Ashland and EDA to develop and operate a 7 Brew restaurant, with payments over six years based on meals tax revenue and compliance with development commitments.
Contract Details
Contract Amount
$550,000.00
Vendor
COFFEE CREAMER VENTURES
Agency
Town of Ashland, VA
Contract Type
Grant Incentive
Document Date
May 27, 2025
Contract Term
May 27, 2025 – 6 years after Completion Date
Renewal Date
NA
Renewal Info
Grant payments contingent on annual meals tax revenue and compliance; agreement terminates if minimum revenue not met
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