King G (2021)

King G (2021)

Closed: Jun. 2021

About this raise

King G, an upcoming bar and delicatessen in Kansas City, MO, is raising funds on MainVest. The business is taking a modern take on the classic bar and opening a vibrant location. The bar will offer craft beer, natural wines, cocktails, bar bites, salads, and sandwiches. Eric Flanagan founded King G in 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $150,000 and a maximum raise of $250,000, will be used towards equipment, inventory, small wares, and working capital. King G is expected to open in July 2021. It will offer high-quality food, wine, and spirits and will host simple and eclectic food offerings.

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Investment Overview

Invested this round: $101,100

Deal Terms

Total Commitments

Platform
MainVest
Start Date
04/12/2021
Close Date
06/11/2021
Min. Goal
$86,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.40X

Company & Team

Company

Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Kansas City, Missouri
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Eric Flanagan
Title
Owner/Operator

Financials

 Revenue
$0
 Monthly Burn
$2,837
 Runway
0 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-34,040

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/16/2022 MainVest - $110,500 Revenue Share Funded RegCF
06/11/2021 MainVest - $101,100 Revenue Share Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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King G on MainVest
Platform: MainVest
Security Type: Revenue Share

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

King G Deal Report

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