Bar Freda
About this raise
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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 12/29/2022
- Close Date
- 03/31/2023
$45,000
$80,000
$100
Revenue Share
RegCF
1.70X
1.70%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$146,520
as of FY2021
- Monthly Burn
-
$6,631
as of FY2021
-
Runway
-
0 months
as of FY2021
- Gross Margin
-
57%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/31/2023 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |