XENiA
Early Stage
Modern Mediterranean Grill
Analytics
Raised: $168,400
Aggregate Commitments $
Platform
MainVest
Start Date
10/12/2021
Close Date
12/17/2021
Min. Goal
$150,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Funding Type
RegCF
Series
Pre-Seed
Rolling Commitments $
Status
Funded
Reporting Date
12/31/2021
Days Remaining
Funded
% of Min. Goal
112%
% of Max. Goal
67%
Likelihood of Max
Funded
Avg. Daily Raise
$2,552
Momentum
Funded
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Location
Los Angeles, California
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
XENiA is raising funds on MainVest. It is a modern Mediterranean grill that serves craveable plates, sandwiches, and salads. The food joint also features grilled-to-order proteins, local and seasonal vegetables, and house-made sauces and marinades. XENiA operates popups and plans to open its first ghost kitchen location. Louis Maskin founded XENiA in March 2019. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $250,000. The campaign proceeds will be used for the corporate startup costs, leasehold improvements, opening expenses, marketing, working capital, and restaurant equipment.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$17,114 |
$0 |
|
COGS |
$10,918 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,372 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,824 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,748 |
$0 |
|
Short-Term Debt |
$3,996 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$3,996 |
$0 |
Financials as of: 10/12/2021
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