The Nada Cart
Latin American Restaurant
Overview
Raised: $0
Total Commitments ($USD)
Platform
MainVest
Start Date
11/16/2023
Close Date
01/19/2024
Min. Goal
$110,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
4.80%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
48
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2020
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
The Nada Cart is raising funds on MainVest. It is a Latin American food business in Boston, Massachusetts, that sells delicious empanadas and other Latin American finger food. The Nada Cart currently functions as a food cart and aims to open a brick-and-mortar location by the beginning of 2024. The business has a loyal customer base and is known for its authentic flavors, high-quality ingredients, and community impact. Keneddy Lavour founded The Nada Cart in May 2020. The current crowdfunding campaign has a minimum target of $110,000 and a maximum target of $124,000. The campaign proceeds will be used for rent and deposit, equipment purchases, permits, light and signing, marketing, decoration, and furniture.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$327,605 |
$0 |
|
COGS |
$250,870 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$13,112 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$23,061 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$54,794 |
$0 |
|
Short-Term Debt |
$16,625 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$16,625 |
$0 |
Financials as of: 11/16/2023
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