CHIVANADA
About this raise
Chivanada, a Latin American restaurant in Nashville, TN, is raising funds on MainVest. The restaurant currently operates as a food truck and offers Colombian food, drinks, and culture to the Nashville neighborhood. The specialties of Chivanada include beef dishes, cheese empanadas, fried plantain chips, yucca fries, authentic Colombian coffees and espresso drinks, and Colombian-inspired cocktails and sodas. Chivanada is owned by Kai Yarzagaray and Daniel Yarzagaray, experienced foodservice entrepreneurs. The current round of crowdfunding has a minimum goal of $75,000 and a maximum goal of $107,000, and the funds will be used towards the construction and build-out of the new physical restaurant, decor, initial goods, and operating capital. The food truck of Chivanada already has a proven demand with average monthly revenue of $10,264, an average ticket size of $11, and a profit margin of 18%.
Investment Overview
Not Funded: $5,100
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 01/17/2020
- Close Date
- 11/30/2020
$75,000
$107,000
$100
Debt
Pre-Seed
RegCF
1.80X
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/30/2020 | MainVest | - | $5,100 | Debt | Not Funded | RegCF |