Overview
Raised: $67,500
Total Commitments ($USD)
Platform
MainVest
Start Date
02/19/2023
Close Date
04/18/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
1.75%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,184
# of Investors
65
Momentum
Funded
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Year Founded
2016
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Rock N Roll Donut Bar is raising funds on MainVest. It is a donut shop in Monterey, California, that makes plant-based donuts. The offerings of the business include big, bold, and beautiful gourmet donuts, a craft and IPA beer menu, craft wine, mimosas, breakfast and lunch menus, and an exciting brand experience. Scott Kirkpatrick founded Rock N Roll Donut Bar in March 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for space buildout for a new location in downtown Santa Cruz and capital reserves.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$814,912 |
$100,736 |
|
COGS |
$110,097 |
$16,548 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$13,762 |
$6,412 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$46,510 |
$5,676 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$130,710 |
$7,839 |
|
Short-Term Debt |
$75,197 |
$0 |
|
Long-Term Debt |
$33,912 |
$0 |
|
Total Liabilities |
$109,109 |
$0 |
Financials as of: 02/19/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Rock N Roll Donut Bar | 03/29/2024 | MainVest | - | $12,500 | Convertible Note | Not Funded | RegCF |
| Rock N Roll Donut Bar | 12/28/2023 | MainVest | - | $32,000 | Convertible Note | Funded | RegCF |
| Rock N Roll Donut Bar | 06/11/2023 | MainVest | - | $18,700 | Revenue Share | Not Funded | RegCF |
| Rock N Roll Donut Bar | 04/17/2023 | MainVest | - | $67,500 | Revenue Share | Funded | RegCF |
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