Bar Freda

Music Venue

Overview

Raised to Date: 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
unlikely
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

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

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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Bar Freda on MainVest 2022
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Platform: MainVest
Security Type: Revenue Share

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