Bintimani Restaurant

Bintimani Restaurant

Closed: Nov. 2021

About this raise

Bintimani Restaurant is raising funds on Wefunder. It is a family-run West-African restaurant on Main Street in Downtown Providence, RI. The restaurant serves authentic West African cuisine and will also serve as an event space, marketplace, and hub for creative activity. The business will be located at a central location and will also help to uplift other local entrepreneurs. Satta Josiah-Faeduwor founded Bintimani Restaurant in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the cost of kitchen equipment and aesthetic modifications.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/08/2021
Close Date
11/09/2021
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Providence, Rhode Island
Company Website
Visit Website

Team

Employees
6

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$4,204
 Runway
1 months
Gross Margin
58%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$8,260

$0

COGS

$3,480

$0

Tax

$0

$0

 

 

Net Income

$-50,453

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$4,012

$0

Accounts Receivable

$2,336

$0

Total Assets

$114,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$109,000

$0

Total Liabilities

$109,000

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/09/2021 Wefunder - $0 Debt Not Funded RegCF
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Bintimani Restaurant on Wefunder 2021
Platform: Wefunder
Security Type: Debt

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Warning: according to the close date for this deal, Bintimani Restaurant may no longer be accepting investments.

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