Overview
Raised: $13,300
Total Commitments ($USD)
Platform
MainVest
Start Date
03/28/2024
Close Date
05/17/2024
Min. Goal
$75,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
2.50%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
9
% of Min. Goal
18%
% of Max. Goal
11%
Likelihood of Max
Avg. Daily Raise
$341
# of Investors
52
Momentum
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Year Founded
2014
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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. Mike D’s BBQ’s sauces and rubs have won several awards and cater to a lot of BBQ events. The company has expanded to a brick-and-mortar BBQ supply store and catering events and plans to grow and expand its smokehouse and Pitmaster Apprenticeship Program. Michael De Los Santos founded Mike D’s BBQ in January 2014. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $124,000. The campaign proceeds will be used for equipment replacement funds, staffing, the Apprenticeship Program, and marketing.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$128,468 |
$141,097 |
|
COGS |
$53,657 |
$29,274 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-76,732 |
$-60,902 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
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: 03/28/2024
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