The Modern Rose
Restaurant
Overview
Raised: $51,900
Total Commitments ($USD)
Platform
MainVest
Start Date
09/17/2023
Close Date
01/12/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
1.20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$447
# of Investors
88
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
The Modern Rose is raising funds on MainVest. It is an avant-grande cafe in Deerfield Beach, Florida that serves locally-roasted coffee and 60 organic teas. The Modern Rose has a photogenic menu, including delicious items for breakfast, lunch, and afternoon, and serves about 340 people every day. The restaurant currently generates $3.1 million in annual revenue and plans to open new strategic locations soon. Emilio Dominguez founded The Modern Rose in February 2017. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $124,000. The campaign proceeds will be used for the buildout of the new location, marketing, and alcohol inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$642,256 |
|
COGS |
$0 |
$193,285 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$-504 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$6,104 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$41,817 |
|
Short-Term Debt |
$0 |
$39,536 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$39,536 |
Financials as of: 09/17/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.