Plat Du Jour Bistro at the Wenham Tea House

Plat Du Jour Bistro at the Wenham Tea House

Closed: Feb. 2024

About this raise

Plat Du Jour Bistro at the Wenham Tea House is raising funds on MainVest. It is a catering company that has now become the proprietor of The Wenham Tea House. Plat Du Jour Bistro at the Wenham Tea House will reopen the historic tea house and offer classic French and Mediterranean cuisine along with a tasting menu, events, and traditional afternoon tea. The business aims to uphold the history of the tea house while providing a fresh and unique culinary experience. Tara Prescott founded Plat Du Jour Bistro at the Wenham Tea House in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $110,000. The campaign proceeds will be used for renovations, stocking retail, the first month’s payroll and expenses, and purchasing equipment.

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Investment Overview

Not Funded: $16,950

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
12/19/2023
Close Date
02/09/2024
Min. Goal
$30,000
Max Goal
$110,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.40X

Rev. Share %

1.40%

Company & Team

Company

Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Salem, Massachusetts
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Tara Prescott
Title
Owner

Financials

as of Fiscal Year 2022
 Revenue +307% YoY
$134,443
 Monthly Burn
Profitable
 Cash on Hand
$0
Gross Margin
50%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$134,443

$33,046

COGS

$67,423

$0

Tax

$0

$0

 

 

Net Income

$26,025

$30,278

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

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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
02/09/2024 MainVest - $16,950 Revenue Share Not Funded RegCF
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Plat Du Jour Bistro at the Wenham Tea House on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Plat Du Jour Bistro at the Wenham Tea House may no longer be accepting investments.

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