Overthrow Hospitality

Overthrow Hospitality

Overthrow Hospitality, with a valuation of $21.7 million, is raising funds on StartEngine. It is a plant-based food and beverage hospitality group with ten unique venues. Overthrow Hospitality offers elevated dining and drinking experiences to its consumers and caters to those who aspire to better themselves and the planet. The business has a social community of over 300,000 and reported a 59% growth in revenues from 2021 to 2023. Ravi Lalchandani, Drew Brady, and Sother Teague founded Overthrow Hospitality in April 2024. The current crowdfunding campaign has a minimum target of $14,981.80 and a maximum target of $3 million. The campaign proceeds will be used for expansion and company employment.

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Investment Overview

Raised this Round: Raised: $427,324

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
10/22/2024
Close Date
01/21/2025
Min. Goal
$14,982
Max. Goal
$2,999,976
Min. Investment

$217

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$21.65

Pre-Money Valuation

$21,657,361

Company & Team

Company

Year Founded
2024
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Location
New York, New York
Business Type
Life Style
Company Website
Visit Website

Team

Employees
100
Prior Founder Exits?
No
Founder Name
Ravi Derossi
Title
CEO
Founder Name
Drew Brady
Title
COO
Founder Name
Sother Teague
Title
Beverage Director

Financials

as of October 1, 2024
 Revenue +5% YoY
$8,543,498
 Monthly Burn
$85,060
 Runway
1.1 months
Gross Margin
80%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$8,543,498

$8,158,489

COGS

$1,683,799

$1,644,790

Tax

$0

$0

 

 

Net Income

$-1,020,715

$-2,503,939

Summary Balance Sheet

FY 2023 FY 2022

Cash

$141,195

$164,688

Accounts Receivable

$691,134

$699,104

Total Assets

$4,874,487

$5,854,784

Short-Term Debt

$2,767,786

$1,347,449

Long-Term Debt

$4,127,774

$5,672,607

Total Liabilities

$6,895,560

$7,020,056

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/21/2025 StartEngine $21,657,361 $427,324 Equity - Common Active RegCF
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Add to portfolio
Overthrow Hospitality on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $21,657,361
Price per Share: $21.65

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Follow Overthrow Hospitality on StartEngine 2024

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