The Spaghetti Shack
Food
Overview
Raised: $1,500
Total Commitments ($USD)
Platform
MainVest
Start Date
10/17/2023
Close Date
12/15/2023
Min. Goal
$100,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rev. Share %
2.35%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
13
% of Min. Goal
2%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$33
# of Investors
2
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
The Spaghetti Shack is raising funds on MainVest. It is a restaurant brand operating at three locations in Tempe and Pinetop, Arizona. The Spaghetti Shack offerings include customizable pasta bowls, sandwiches, salads, sides, drinks, and desserts. The business provides high-quality, affordable food to its customers so that they spend less time cooking and more time with their loved ones. Joseph Palomarez founded The Spaghetti Shack in February 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $124,000. The campaign proceeds will be used for paying off the existing debt and operating capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$311,524 |
$0 |
|
COGS |
$229,499 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-73,557 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$7,933 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$153,248 |
$0 |
|
Short-Term Debt |
$6,309 |
$0 |
|
Long-Term Debt |
$173,451 |
$0 |
|
Total Liabilities |
$179,760 |
$0 |
Financials as of: 10/17/2023
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.