Red Rover Creamery
Ice Cream Shop
Overview
Raised: $83,000
Total Commitments ($USD)
Platform
MainVest
Start Date
12/20/2023
Close Date
02/23/2024
Min. Goal
$60,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
4.60%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,297
# of Investors
115
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Red Rover Creamery is raising funds on MainVest. It is an artisanal creamery in Portsmouth, New Hampshire. Red Rover Creamery offers a variety of seasonal and American-style ice creams, sherbets, baked goods, and ice cream sandwiches. The business uses local ingredients and creates artisanal baked goods and ice creams with a rotating menu, seasonal menus, and holiday menus. Sarah EgriAmsden and Eric Amsden founded Red Rover Creamery in November 2018. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $124,000. The campaign proceeds will be used for space buildout and operating capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$66,320 |
$46,435 |
|
COGS |
$29,240 |
$24,639 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-28,694 |
$-36,470 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,530 |
$10,592 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,730 |
$12,152 |
|
Short-Term Debt |
$28,074 |
$15,359 |
|
Long-Term Debt |
$21,278 |
$37,415 |
|
Total Liabilities |
$49,352 |
$52,774 |
Financials as of: 12/20/2023
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