Overview
Raised: $27,600
Total Commitments ($USD)
Platform
MainVest
Start Date
09/30/2021
Close Date
05/06/2022
Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
05/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$127
# of Investors
59
Momentum
Not Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Red’s House is raising funds on MainVest. The restaurant offers a Caribbean experience in San Francisco, California. It creates dishes through experimentation and displays creativity and depth to push the boundaries of Caribbean food. The modern Caribbean eatery has turned from popups into a full-fledged business model. Christopher Russell and Sharon Russell founded Red’s House in September 2019. The current crowdfunding campaign has a minimum target of $65,000 and a maximum target of $250,000. The campaign proceeds will be used to secure a lease on proposed space, equipment, and operating capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$136,428 |
$0 |
|
COGS |
$65,000 |
$0 |
|
Tax |
$13,642 |
$0 |
| ||
| ||
|
Net Income |
$14,752 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$56,760 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 09/30/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Red’s House | 08/18/2022 | MainVest | - | $16,200 | Revenue Share | Funded | RegCF |
| Red’s House | 05/05/2022 | MainVest | - | $27,600 | Revenue Share | Not Funded | RegCF |
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