Overview
Raised: $16,200
Total Commitments ($USD)
Platform
MainVest
Start Date
06/08/2022
Close Date
08/18/2022
Min. Goal
$15,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.58X
Rev. Share %
0.45%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$228
# of Investors
43
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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 $15,000 and a maximum target of $200,000. The campaign proceeds will be used to renovate the space, purchase equipment, and hire staff.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$136,428 |
$0 |
|
COGS |
$65,000 |
$0 |
|
Tax |
$13,624 |
$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: 06/08/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Red’s House | 08/18/2022 | MainVest | - | $16,200 | Revenue Share | Funded | RegCF |
| Red’s House | 05/05/2022 | MainVest | - | $27,600 | Revenue Share | Not Funded | RegCF |
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