Provision

Provision

Closed: Nov. 2021

About this raise

Provision is raising funds on MainVest. It is a coffee and cocktail bar, coffee roaster, and eatery based in Phoenix, Arizona. The business sources, roasts, and hand packs its coffee and has both retail and wholesale operations. Provision believes in bringing the community together through good quality coffee, food, and drinks. Daniel Suh and Lawrence Jarvey founded Provision in February 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used to open a new location and purchase the furniture, fixtures, and equipment for the new location.

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Investment Overview

Invested this round: $73,900

Deal Terms

Total Commitments

Platform
MainVest
Start Date
09/14/2021
Close Date
11/12/2021
Min. Goal
$10,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Company & Team

Company

Year Founded
2015
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Phoenix, Arizona
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Daniel Suh
Title
Owner
Founder Name
Lawrence Jarvey
Title
Co-Owner

Financials

 Revenue -83.1% YoY
$9,823
 Monthly Burn
Profitable
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$9,823

$57,983

COGS

$0

$9,752

Tax

$0

$0

 

 

Net Income

$8,571

$5,129

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$-1,786

$-1,474

Accounts Receivable

$0

$0

Total Assets

$2,670

$9,046

Short-Term Debt

$0

$34,525

Long-Term Debt

$42,518

$27,267

Total Liabilities

$42,518

$61,792

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/12/2021 MainVest - $73,900 Revenue Share Funded RegCF
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Provision on MainVest 2021
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Provision may no longer be accepting investments.

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