Neutral Ground
About this raise
Neutral Ground is raising funds on Wefunder. The business is relaunching a favorite Chattanooga restaurant and bringing Afro-Creole cuisine back to Chattanooga. Neutral Ground will be a place where tradition meets nuance, and each dish will be a tribute to the Afro-Creole culture. The restaurant is aimed to open in June 2024 and is expected to generate $900,000 in revenue in year one. Kenyatta Ashford founded Neutral Ground in April 2020. 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 hiring staff, building out the restaurant, purchasing equipment, and marketing.
Investment Overview
Invested : $140,885
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 12/20/2023
- Close Date
- 04/29/2024
$50,000
$124,000
$100
Revenue Share
Quarterly
RegCF
1.50X
5.00%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -10.5% YoY
-
$206,865
as of FY2022
- Monthly Burn
-
$1,764
as of FY2022
-
Runway
-
0.3 months
as of FY2022
- Gross Margin
-
48%
as of FY2022
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | Wefunder | - | $140,885 | Revenue Share | Funded | RegCF |