The Maine Market

The Maine Market

Closed: Sep. 2022

About this raise: 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.

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Investment Overview

Invested this round: $60,800

Deal Terms

Total Commitments ($USD)

Platform
MainVest
Start Date
02/09/2022
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    Open SEC Filing

Return Multiple

1.70X

Rev. Share %

1.40%

Company & Team

Company

Year Founded
2019
Industry
Retail Shops & Department Stores
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
PROVINCETOWN, Massachusetts
Business Type
Life Style
Company Website
Visit Website

Team

Employees
3
Founder Name
Bethany Marie Gregory
Title
Owner

Financials

 Revenue -3.2% YoY
$207,540
 Monthly Burn
Profitable
 Cash on Hand
$7,133
Gross Margin
66%

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

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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
09/28/2022 MainVest - $60,800 Revenue Share Funded RegCF
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Add to portfolio
The Maine Market on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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Warning: according to the close date for this deal, The Maine Market may no longer be accepting investments.

The Maine Market Deal Report

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