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.

Investment Overview

Invested this round: $67,500

Deal Terms
Company & Team

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

Return Multiple

1.50X

Rev. Share %

1.75%

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

View Detailed Financials

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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Ratings

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03/30/2024	MainVest	-	$12,500	Convertible Note	Withdrawn	RegCF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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Revenue
Employees

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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View on MainVest

Revenue Share, $100 min. • Closed

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Deal Considerations

Key Challenges
- No key challenges found
Other Risks
- No other risks found

Rock N Roll Donut Bar (2023)

Rock N Roll Donut Bar (2023)

About this raise