The Spaghetti Shack
[Closed for Investment] 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.
Investment Overview
Raised: $0
Deal Terms
Total Commitments ($USD)
- Platform
- MainVest
- Start Date
- 10/17/2023
- Close Date
- 12/05/2023
$100,000
$124,000
$100
Revenue Share
Pre-Seed
RegCF
1.40X
2.35%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $311,524
- Monthly Burn
- $6,130
-
Runway
- 1.3 months
- Gross Margin
- 26%
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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 |
|---|---|---|---|---|---|---|
| 12/05/2023 | MainVest | - | $0 | Revenue Share | Not Funded | RegCF |