Daughter

Daughter

Wine Bar

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
New York, NY
Offering Date
July 17, 2020
Expected Close Date
October 14, 2020
Target Raise
$35.00K-$107.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $180. They will owe you this amount by 7/1/2025, regardless of revenue.

Company Description

Daughter is a new-age Cafe/ Bar, concept that focuses on quality coffee, natural wine and sustainably-prepared food. At the same time, we plan to tackle the industry waste norm by upcycling and composting (with the mindset of utilizing the compost and recycled waste within our shop and community.) A concept formally known as Circular Economy. By investing in Daughter, you will be help establish the first black-owned natural wine store in Harlem.

Daughter plans on opening its doors in the Winter of 2021, with a mission to be a place where you can drink, eat, and relax with the comfort of knowing we are trying to inspire chance within our current wasteful food culture.

Use of Proceeds

  • Construction : $40,000
  • Rental Lease Deposit: $13,000
  • Payroll: $12,000
  • Bar/ Kitchen Equipment : $34,000
  • Initial Marketing : $1,580
  • Mainvest Compensation: $6,420

Management Team / Advisory Board Bios

Adam Jamal
Founder
Adam was born and raised in Harlem. He gives thanks to his career in coffee and communities he has served for Daughter's fruition.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $180. They will owe you this amount by 7/1/2025, regardless of revenue.

Amount Raised : $5,400
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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