Baby’s Cusina and Market
Filipino Restaurant
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
MainVest
Start Date
03/19/2023
Close Date
04/03/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.70X
Rev. Share %
2.60%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$8,857
# of Investors
64
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Baby’s Cusina and Market is raising funds on MainVest. It is an upcoming Filipino restaurant in Philadelphia, Pennsylvania. The business currently functions as a Filipino-American pop-up and supper club called Tita Emmie’s and aims to set up as a friendly neighborhood cafe at a brick-and-mortar location. Baby’s Cusina and Market will offer food made using locally-sourced and sustainable produce with an emphasis on Filipino culture and cuisine. Raquel Dang and Tam Dang founded Baby’s Cusina and Market in September 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for construction and millwork, equipment, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$1,307 |
|
COGS |
$0 |
$500 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$177 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
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 |
Financials as of: 03/19/2023
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