CHIVANADA

CHIVANADA

With their eye-catching design and mouthwatering plates, Chivanada has had great success as a Nashville-based food truck for years. The Yarzagaray brothers have been dishing out delicious Colombian cuisine from their repurposed school bus and people have taken notice. In 2019, Chivanada was named one of Nashville's 14 Essential Food Trucks by Eater Magazine.

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Nashville, TN
Offering Date
January 16, 2020
Expected Close Date
September 30, 2020
Target Raise
$75.00K-$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 1/1/2026, regardless of revenue.

Company Description

We are passionate about bringing the best of Colombian food and culture to Nashville through this experiential food-based concept. Most people have never tried a real Colombian empanada, and we're always excited to share our culture with all of you.

Use of Proceeds

  • Construction / Buildout: $35,000
  • Decor & FOH: $7,500
  • Initial Goods: $15,000
  • Operating Capital: $43,080
  • Mainvest Compensation: $6,420

Management Team / Advisory Board Bios

Kai Yarzagaray
Co-Owner
Mr. Yarzagaray is a creative jack-of-all-trades with experience in nearly every creative field. He is a composer, HTML/CSS programmer, painter, sculptor, chef, graphic designer, barista, wine expert, and bartender. He currently works as a bartender at Union Common tapas/steakhouse restaurant. He holds a Level II certification from the Court of Master Sommeliers and has created several signature cocktails in his current position. Mr. Yarzagaray studied Interior Design and Architecture at O'More College of Design as well as Industrial Design at Savannah College of Art & Design.

Daniel Yarzagaray
Co-Owner
Mr. Yarzagaray-Modjeska has always had a knack for creating food-services businesses that are built on unique concepts. His first company was a bakery specializing in hand-ground heirloom whole wheat breads and seasonal cookies, which the business delivered in-office to employees of Vanderbilt Hospital. That business grew to significant annual revenue before he divested. Since then, he has created an online liquidation business and completed proof-of-concept for a venture selling pre-grown vegetable gardens planted in locally sourced, fully portable handmade cedar boxes. He holds a Bachelor's degree in Entrepreneurship from Thomas Edison State University.

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 1/1/2026, regardless of revenue.

Amount Raised : $5,100
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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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