Bad Idea
A new wine bar coming to East Nashville
Overview
Raised: $726,170
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/03/2022
Close Date
04/30/2023
Min. Goal
$467,000
Max. Goal
$717,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.00X
Rev. Share %
75.00%
Profit Share %
25.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,491
# of Investors
160
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Bad Idea is raising funds on Wefunder. It is an upcoming wine bar in East Nashville, Tennessee. It will be a neighborhood restaurant with an eclectic wine selection, a lively gathering space, and a center for wine education. Bad Idea is owned and operated by the former wine director of Bastion and Henrietta Red and will focus on wine exploration and education. The restaurant will offer three wine lists, including Fly Blind, The Short List, and The Long List. Alexander Burch founded Bad Idea in May 2021. The current crowdfunding campaign has a minimum target of $467,000 and a maximum target of $717,000. The campaign proceeds will be used for kitchen and bar equipment, furniture and fixtures, beverage inventory, POS systems, food inventory, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-8,018 |
$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 |
Financials as of: 10/03/2022
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