Rock N Roll Donut Bar (2023)

About this raise

Rock N Roll Donut Bar is raising funds on MainVest. It is a donut shop in Monterey, California, that makes plant-based donuts. The offerings of the business 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. Scott Kirkpatrick founded Rock N Roll Donut Bar in March 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for space buildout for a new location in downtown Santa Cruz and capital reserves.

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Investment Overview

Invested this round: $67,500

Deal Terms

Total Commitments

Platform
MainVest
Start Date
02/20/2023
Close Date
04/18/2023
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Rev. Share %

1.75%

Company & Team

Company

Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Temecula, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Scott Kirkpatrick
Title
Owner

Financials

 Revenue +709% YoY
$814,912
as of FY2021
 Monthly Burn
Profitable
as of FY2021
 Cash on Hand
$46,510
as of FY2021
 Gross Margin
86%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$814,912

$100,736

COGS

$110,097

$16,548

Tax

$0

$0

 

 

Net Income

$13,762

$6,412

Summary Balance Sheet

FY 2021 FY 2020

Cash

$46,510

$5,676

Accounts Receivable

$0

$0

Total Assets

$130,710

$7,839

Short-Term Debt

$75,197

$0

Long-Term Debt

$33,912

$0

Total Liabilities

$109,109

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/30/2024 MainVest - $12,500 Convertible Note Withdrawn RegCF
12/29/2023 MainVest - $32,000 Convertible Note Funded RegCF
06/12/2023 MainVest - $18,700 Revenue Share Not Funded RegCF
04/18/2023 MainVest - $67,500 Revenue Share Funded RegCF
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Growth Charts

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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Rock N Roll Donut Bar on MainVest 2023
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Rock N Roll Donut Bar may no longer be accepting investments.

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