The Maine Market
Market
Overview
Raised: $60,800
Total Commitments ($USD)
Platform
MainVest
Start Date
02/08/2022
Close Date
09/28/2022
Min. Goal
$30,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Series A
SEC Filing Type
RegCF
Return Multiple
1.70X
Rev. Share %
1.40%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$263
# of Investors
165
Momentum
Funded
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Year Founded
2019
Industry
Retail Shops & Department Stores
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
The Maine Market is raising funds on MainVest. It is an upcoming marketplace in Bangor, ME, offering local and imported specialty items. The offerings of The Maine Market will include fresh baked goods, street foods, vegan foods, international cuisines, specialty markets, a coffee bar, and catering. The Maine Market is designed to attract locals and visitors who seek to support local family-owned businesses. Bethany Marie Gregory founded The Maine Market in April 2019. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $250,000. The campaign proceeds will be used to secure and remodel the location in Bangor, Maine.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$207,540 |
$214,439 |
|
COGS |
$71,474 |
$38,456 |
|
Tax |
$13,426 |
$16,358 |
| ||
| ||
|
Net Income |
$122,640 |
$159,625 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$7,133 |
$37,025 |
|
Accounts Receivable |
$7,578 |
$7,500 |
|
Total Assets |
$122,812 |
$113,676 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$64,800 |
$64,800 |
|
Total Liabilities |
$64,800 |
$64,800 |
Financials as of: 02/08/2022
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