The Boogie Down Grind

The Boogie Down Grind

THEMATIC CAFE/BAR

THEMATIC CAFE/BAR

Overview

Raised this Round: Raised: $44,600

Total Commitments ($USD)

Platform

MainVest

Start Date

04/21/2020

Close Date

07/08/2020

Min. Goal
$30,000
Max. Goal
$50,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.70X

Logos provided by Clearbit
Year Founded

1969

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

South Bronx, New York

Business Type

Life Style

Company Website

The Boogie Down Grind, a thematic cafe and bar in South Bronx, NY, is raising funds on MainVest. It is a hip hop cafe that serves craft beers, specialty coffee, and light sides. The offerings of The Boogie Down Grind are top-quality, locally-sourced, and healthy, in addition to the hip hop hospitality experience. The Boogie Down Grind was founded by Majora Carter, with 20 years of experience in community development. The current crowdfunding campaign of the company has a minimum target of $30,000 and a maximum target of $50,000, and the funds will be used to survive COVID-19 and exhibit strong growth after the quarantine ends. The Boogie Down Grind is led by an experienced founder and has an average monthly revenue of $16,000.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$96,514

$268,575

COGS

$63,273

$120,763

Tax

$0

$0

 

 

Net Income

$-73,154

$-121,349

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,729

$29,685

Accounts Receivable

$0

$0

Total Assets

$21,214

$153,663

Short-Term Debt

$0

$0

Long-Term Debt

$176,523

$339,846

Total Liabilities

$176,523

$339,846
Financials as of: 04/21/2020
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
The Boogie Down Grind 07/08/2020 MainVest - $44,600 Revenue Share Funded RegCF

No prior online funding rounds.

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The Boogie Down Grind on MainVest
Platform: MainVest
Security Type: Revenue Share

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Deal Analytics
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