Overview
Raised: $4,000
Total Commitments ($USD)
Platform
MainVest
Start Date
10/17/2023
Close Date
12/15/2023
Min. Goal
$30,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
13
% of Min. Goal
13%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$87
# of Investors
3
Momentum
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Rock N Roll Donut Bar is raising funds on MainVest. It is a donut shop in Monterey, California, that makes plant-based donuts. Rock N Roll Donut Bar’s offerings include big, bold, and beautiful gourmet donuts, a craft and IPA beer menu, craft wine, mimosas, breakfast and lunch menus, and an exciting brand experience. The business has a loyal customer base and has been featured at the world-famous Monterey Bay Aquarium, Oakland Zoo, and Casa De Fruta Resort. Scott Kirkpatrick founded Rock N Roll Donut Bar in March 2016. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $500,000. The campaign proceeds will be used for construction costs and operating capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$864,912 |
$100,000 |
|
COGS |
$110,097 |
$37,473 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$39,172 |
$7,839 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$46,510 |
$5,675 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$156,120 |
$7,839 |
|
Short-Term Debt |
$75,197 |
$0 |
|
Long-Term Debt |
$33,912 |
$0 |
|
Total Liabilities |
$109,109 |
$0 |
Financials as of: 10/17/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Rock N Roll Donut Bar | 12/15/2023 | MainVest | - | $4,000 | Convertible Note | Active | RegCF |
| Rock N Roll Donut Bar | 06/12/2023 | MainVest | - | $18,700 | Revenue Share | Not Funded | RegCF |
| Rock N Roll Donut Bar | 04/18/2023 | MainVest | - | $67,500 | Revenue Share | Funded | RegCF |
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