Ghosted Concepts

Ghosted Concepts

Closed: Apr. 2024

About this raise

Ghosted Concepts is raising funds on MainVest. It is a takeout restaurant in Haymarket, Virginia that sells high-quality Nashville hot chicken and chicken sandwiches. Ghosted Concepts cuts costs by 40% by eliminating dine-ins and front-of-the-house expenses and uses the opportunity to source top-quality ingredients for its food. The business has been featured in a local magazine and won the Best Takeout/Delivery award in the county in September 2022. Carmen Sabia and Stephanie Sabia founded Ghosted Concepts in January 2020. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $124,000. The campaign proceeds will be used for kitchen upgrades, equipment, and marketing.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
MainVest
Start Date
02/21/2024
Close Date
04/19/2024
Min. Goal
$75,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

1.85%

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Manassas, Virginia
Business Type
Life Style
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Carmen Sabia
Title
Co-Owner
Founder Name
Stephanie Sabia
Title
Co-Owner

Funding data not publicly available

Financials

 Revenue +92% YoY
$415,463
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$27,814
as of FY2022
 Gross Margin
56%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$415,463

$216,453

COGS

$184,681

$99,485

Tax

$0

$0

 

 

Net Income

$29,351

$20,162

Summary Balance Sheet

FY 2022 FY 2021

Cash

$27,814

$24,594

Accounts Receivable

$0

$0

Total Assets

$102,923

$25,370

Short-Term Debt

$22,276

$5,195

Long-Term Debt

$77,855

$7,796

Total Liabilities

$100,131

$12,991

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/19/2024 MainVest - $0 Revenue Share Not Funded RegCF
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Ghosted Concepts on MainVest 2024
Platform: MainVest
Security Type: Revenue Share

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