Varsity Club
Cocktail Bar
Overview
Raised: $6,600
Total Commitments ($USD)
Platform
MainVest
Start Date
10/25/2023
Close Date
02/09/2024
Min. Goal
$30,000
Max. Goal
$35,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
4.50%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/08/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$62
# of Investors
11
Momentum
Not Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Varsity Club is raising funds on MainVest. It is an upcoming cocktail bar in Kansas City’s historic River Market neighborhood. Varsity Club aims to provide high-end service with its modern twist on classic cocktails and will be elegant and bright. The bar will offer an exciting craft drinking experience in the area and a positive customer service experience with attention to detail and cordial service. Caleb Roye and Levi Roye founded Varsity Club in February 2022. 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 tenant improvements, marketing, and inventory.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/25/2023
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