Main Street Phoenix Workers Co-op
We turn local restaurants into worker-owned coops.
Overview
Raised: $299,761
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/13/2021
Close Date
04/15/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.85X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,437
# of Investors
101
Momentum
Funded
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Main Street Phoenix Workers Co-op is raising funds on Wefunder. They are restaurant & social enterprise vets building an employee-owned restaurant group. The Main Street Phoenix Project is looking to acquire and invest main street business which are at risk or considering not opening due to the COVID-19 pandemic and current economic crisis. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,07,000. The campaign proceeds will be used to integrate restaurants int the MSPWC umbrella, hire additional C-Suite roles and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$8,536 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$63,448 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$67,306 |
$0 |
|
Short-Term Debt |
$8,770 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$8,770 |
$0 |
Financials as of: 12/13/2021
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