Mill City BBQ & Brew
BBQ Joint
Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
10/13/2023
Close Date
11/13/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
2.10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/14/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Mill City BBQ & Brew is raising funds on MainVest. It is a barbecue joint in Lowell, Massachusetts, known for its authentic barbecue craftsmanship, hand-selected brews, and bespoke cocktails. Mill City BBQ & Brew also offers specialized catering services, five-course meals, beer pairings, and karaoke nights. Renay Wolterding founded Mill City BBQ & Brew in September 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing and branding, sustainable initiatives, insurance and licensing, equipment upgrades, technology upgrades, BBQ sauce manufacturing, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$261,798 |
$266,123 |
|
COGS |
$28,626 |
$84,926 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-4,935 |
$-22,824 |
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: 10/13/2023
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