Overview
Raised: $8,600
Total Commitments ($USD)
Platform
MainVest
Start Date
06/30/2021
Close Date
09/10/2021
Min. Goal
$100,000
Max. Goal
$180,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/09/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$121
# of Investors
26
Momentum
Not Funded
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Year Founded
2014
Industry
Retail Shops & Department Stores
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Decarolis Cycling, a bicycle shop in North Andover, MA, is raising crowdfunding on MainVest. The company has its own brand of high-end performance bicycles along with offering professional repair and maintenance services. The shop works as the distribution hub for both end-users and wholesalers. Luca De Carolis founded Decarolis Cycling in April 2014. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $180,000, will be used towards payroll, marketing, event sponsorship, inventory, and working capital. Decarolis Cycling is known for its high level of service and quality bikes to all the customers.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$784,716 |
$444,464 |
|
COGS |
$462,753 |
$294,846 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$140,157 |
$52,072 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,646 |
$18,322 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$145,298 |
$94,343 |
|
Short-Term Debt |
$77,136 |
$77,426 |
|
Long-Term Debt |
$79,876 |
$79,876 |
|
Total Liabilities |
$157,012 |
$157,302 |
Financials as of: 06/30/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Decarolis Brothers Cycling | 09/09/2021 | MainVest | - | $8,600 | Revenue Share | Not Funded | RegCF |
| Decarolis Brothers Cycling | 03/11/2020 | MainVest | - | $0 | Debt | Not Funded | RegCF |
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