Red’s House

Early Stage

Red’s House

Analytics

Raised to Date: Raised: $9,500

Aggregate Commitments $

Platform

MainVest

Start Date

10/01/2021

Close Date

12/03/2021

Min. Goal

$65,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Revenue Share Note

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status

Active

Reporting Date

10/17/2021

Days Remaining

47

% of Min. Goal

15%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$594

Momentum
warm
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Location

San Francisco, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

Red’s House is raising funds on MainVest. The restaurant offers a Caribbean experience in San Francisco, California. It creates dishes through experimentation and displays creativity and depth to push the boundaries of Caribbean food. The modern Caribbean eatery has turned from popups into a full-fledged business model. Christopher Russell and Sharon Russell founded Red’s House in September 2019. The current crowdfunding campaign has a minimum target of $65,000 and a maximum target of $250,000. The campaign proceeds will be used to secure a lease on proposed space, equipment, and operating capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$136,428

$0

COGS

$65,000

$0

Tax

$13,642

$0

 

 

Net Income

$14,752

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$56,760

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 10/01/2021
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Red’s House on MainVest 2021
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Platform: MainVest
Security Type: Revenue Share Note

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