Bar Freda

Bar Freda

Music Venue

Music Venue

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

MainVest

Start Date

12/28/2022

Close Date

03/31/2023

Min. Goal
$45,000
Max. Goal
$80,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.70X

Rev. Share %

1.70%

Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Brooklyn, New York

Business Type

Life Style

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

FY 2021 FY 2020

Revenue

$146,520

$5,587

COGS

$63,736

$2,502

Tax

$0

$0

 

 

Net Income

$-79,570

$-11,708

Summary Balance Sheet

FY 2021 FY 2020

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: 12/28/2022
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Bar Freda on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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