Overview
Raised: $42,700
Total Commitments ($USD)
Platform
MainVest
Start Date
06/20/2023
Close Date
08/04/2023
Min. Goal
$40,000
Max. Goal
$75,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
1.45%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$970
# of Investors
89
Momentum
Funded
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$128,468 |
$141,097 |
|
COGS |
$53,657 |
$29,274 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-76,732 |
$-60,902 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
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: 06/20/2023
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