Red’s House

Red’s House

Red’s House

Red’s House

Overview

Raised this Round: Raised: $16,200

Total Commitments ($USD)

Platform

MainVest

Start Date

06/08/2022

Close Date

08/19/2022

Min. Goal
$15,000
Max. Goal
$200,000
Min. Investment

$100

Security Type

Revenue Share

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.58X

Rev. Share %

0.45%

Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

San Francisco, California

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 $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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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Red’s House on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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