Bar Freda

Music Venue
Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
12/29/2022
Close Date
02/28/2023
Min. Goal
$45,000
Max. Goal
$80,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
Funding Type
RegCF
Return Multiple
1.70X
Rev. Share %
1.70%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
26
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Location
Brooklyn, New York
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Bar Freda is raising funds on MainVest. It is a bar, music venue, and restaurant located in Ridgewood, New York. The entertainment venue brings emerging and regional talent and audiences together and builds a community through its welcoming vibes. The bar offers a highly-curated draft list along with highly affordable bottles and cans, while the music is booked 5-7 nights a week. Thomas Olsen founded Bar Freda in June 2018. The current crowdfunding campaign has a minimum target of $45,000 and a maximum target of $80,000. The campaign proceeds will be used for renovations, debt repayment, additional soundproofing and technical improvements, building additional storage, marketing, and external signage.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$146,520 |
$5,587 |
COGS |
$63,736 |
$2,502 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-79,570 |
$-11,708 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$0 |
$7,752 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$109,508 |
$136,673 |
Short-Term Debt |
$0 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$0 |
$0 |
Financials as of: 12/29/2022
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