Ruby’s West End

Ruby’s West End

Closed: Sep. 2021

About this raise

Ruby’s West End, a new American restaurant in Portland, ME, is raising funds on MainVest. The multi-service restaurant offers a sit-down and take-out brunch service, coffee & pastry service, meal prep program, tasting dinners, catering services, grab & go program, and room service to local inns. The food offerings include quiches, pies, food trays, parfaits, and cakes. Corrinna Stum founded Ruby’s West End in February 2021. The proceeds of the current crowdfunding round, with a minimum raise of $15,000 and a maximum raise of $45,000, will be used to build an outdoor dining space for the locals and tourists to enjoy. Ruby’s West End offers a wide array of services and has reported a 40% increase in revenues during seven months of patio seating.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments

Platform
MainVest
Start Date
07/12/2021
Close Date
09/30/2021
Min. Goal
$15,000
Max Goal
$45,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.50X

Company & Team

Company

Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Portland, Maine
Business Type
Life Style
Company Website
Visit Website

Team

Employees
6
Prior Founder Exits?
No
Founder Name
Corrinna Stum
Title
Owner
Founder Name
Matt Stum
Title
Owner & Chef

Funding data not publicly available

Financials

 Revenue
$0
 Cash on Hand
$0

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2021 MainVest - $0 Revenue Share Not Funded RegCF
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Add to portfolio
Ruby’s West End on MainVest 2021
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, Ruby’s West End may no longer be accepting investments.

Ruby’s West End Deal Report

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