Overview
Raised: $101,100
Total Commitments ($USD)
Platform
MainVest
Start Date
04/11/2021
Close Date
06/11/2021
Min. Goal
$86,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.40X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,685
# of Investors
62
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
King G, an upcoming bar and delicatessen in Kansas City, MO, is raising funds on MainVest. The business is taking a modern take on the classic bar and opening a vibrant location. The bar will offer craft beer, natural wines, cocktails, bar bites, salads, and sandwiches. Eric Flanagan founded King G in 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $150,000 and a maximum raise of $250,000, will be used towards equipment, inventory, small wares, and working capital. King G is expected to open in July 2021. It will offer high-quality food, wine, and spirits and will host simple and eclectic food offerings.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-34,040 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 04/11/2021
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