Revolving Kitchen
Tech-enabled, on-demand ghost kitchens and virtual food hall
Overview
Raised: $35,750
Total Commitments ($USD)
Platform
Republic
Start Date
08/28/2022
Close Date
12/08/2022
Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment
$150
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.55X
Rev. Share %
10.00%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/07/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$354
# of Investors
29
Momentum
Not Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Revolving Kitchen is raising funds on Republic. The company provides fully-equipped, on-demand kitchens along with a number of complimentary services. The system enables kitchen operators to run successful food businesses with its flexibility and support. Revolving Kitchen provides turnkey kitchens, omnichannel ordering, and operational and marketing support. Tyler S. Shin founded Revolving Kitchen in February 2022. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, additional revenues and partnerships, continued industry expansion, and regional and national expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$2,500 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,500 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/28/2022
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