Mike D's BBQ
[Closed for Investment] Mike D’s BBQ is raising funds on MainVest. The business makes BBQ sauces and rubs and sells them in all 50 states and 12 countries. The sauces and rubs of Mike D’s BBQ have won several awards and cater to a lot of BBQ events. Mike D’s BBQ now plans to open its own BBQ restaurant in East Durham, North Carolina, with an adjacent seating area and retail store. Michael De Los Santos founded Mike D’s BBQ in January 2014. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $75,000. The campaign proceeds will be used for the buildout of the restaurant and retail store.
Investment Overview
Raised: $42,700
Deal Terms
Company & Team
Company
- Year Founded
- 2014
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -8.9% YoY
- $128,468
- Monthly Burn
- $6,394
-
Runway
- 0 months
- Gross Margin
- 58%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|---|
Mike D’s BBQ | 05/17/2024 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |
Mike D's BBQ | 08/04/2023 | MainVest | - | $42,700 | Revenue Share | Funded | RegCF |