The Modern Rose
Restaurant
Overview
Raised: $4,500
Total Commitments ($USD)
Platform
MainVest
Start Date
09/18/2023
Close Date
11/24/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/28/2023
Days Remaining
57
% of Min. Goal
9%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$450
# of Investors
3
Momentum
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Location
Deerfield Beach, Florida
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: 09/18/2023
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