701 Eateries

701 Eateries

Closed: Aug. 2021

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.

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Investment Overview

Invested this round: $372,700

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
03/01/2021
Close Date
08/19/2021
Min. Goal
$250,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Fargo, North Dakota
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Alex Belquist
Title
CEO

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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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
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701 Eateries on MainVest
Platform: MainVest
Security Type: Revenue Share

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Buy 701 Eateries's Deal Report

Warning: according to the close date for this deal, 701 Eateries may no longer be accepting investments.

701 Eateries Deal Report

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