Overview
Raised: $57,450
Total Commitments ($USD)
Platform
MainVest
Start Date
06/30/2022
Close Date
10/15/2022
Min. Goal
$50,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.70X
Rev. Share %
2.35%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$542
# of Investors
83
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Forest & Flour (formerly Soturi Kitchen) is raising funds on MainVest. It is a food joint in San Jose, CA, that offers healthy, dairy-free, and gluten-free foods made with natural ingredients. Forest & Flour currently operates through local farmers’ markets and has a growing demand for its food. The business has a loyal customer base in San Jose, San Francisco, and the surrounding areas and is the only local allergen-friendly food service in its neighborhood. Sway Soturi and You Ling Mark Davis founded Forest & Flour in January 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $75,000. The campaign proceeds will be used for the construction of cafe space and operating capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$217,949 |
$172,241 |
|
COGS |
$68,553 |
$54,750 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-32,497 |
$-15,588 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$128,307 |
$0 |
|
Short-Term Debt |
$145,085 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$145,085 |
$0 |
Financials as of: 06/30/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Forest & Flour (previously Soturi Kitchen) | 10/14/2022 | MainVest | - | $57,450 | Revenue Share | Funded | RegCF |
| Soturi Kitchen | 07/22/2020 | MainVest | - | $0 | Debt | Not Funded | RegCF |
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