701 Eateries
About this raise
701 Eateries, an upcoming restaurant in Fargo, ND, is raising funds on MainVest. The business works as different restaurant concepts, including a cozy Nordic kitchen, a cabin, and a private event space. The new eatery is opening up in a historic building, with an open kitchen serving breakfast, lunch, and dinner. Shelby Terstriep founded 701 Eateries in 2018. The proceeds of the current raise, with a minimum target of $250,000 and a maximum target of $1,000,000, will be used for space buildout and operating capital. 701 Eateries is located at an excellent location and is expected to open in the spring of 2021.
Investment Overview
Invested $372,700 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
08/19/2021 | MainVest | - | $372,700 | Revenue Share | Funded | RegCF |