Mexibbean Island Grille
Mexican Restaurant
Overview
Raised: $7,300
Total Commitments ($USD)
Platform
MainVest
Start Date
05/20/2021
Close Date
07/16/2021
Min. Goal
$5,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$130
# of Investors
23
Momentum
Funded
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Mexibbean Island Grille, an upcoming Mexican restaurant in Huntsville, AL, is raising funds on MainVest. The restaurant will take over space previously owned by Granville’s BBQ and will share the roof with the seafood restaurant Krab Kings. It aims to bring Mexican and Caribbean fusion concept to Alabama. John C. Baker and Shanice Baker founded Mexibbean Island Grille in February 2021. The proceeds of the current crowdfunding round, with a minimum raise of $5,000 and a maximum raise of $50,000, will be used to provide business capital to launch the new location. Mexibbean Island Grille will work on a fast-casual concept and offer counter service, indoor dining space, and a full-service bar.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$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 |
Financials as of: 05/20/2021
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