Mike D’s BBQ

Mike D’s BBQ

BBQ

BBQ

Overview

Raised this Round: Raised: $0

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    Open SEC Filing

Return Multiple

1.50X

Rev. Share %

2.50%

Year Founded

2014

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

DURHAM, North Carolina

Business Type

Growth

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Mike D’s BBQ 05/16/2024 MainVest - $0 Revenue Share Not Funded RegCF
Mike D's BBQ 08/03/2023 MainVest - $42,700 Revenue Share Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Mike D’s BBQ on MainVest 2024
Platform: MainVest
Security Type: Revenue Share

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