Corfu Pizza

Corfu Pizza

Pizzeria

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Philadelphia, PA
Offering Date
July 14, 2020
Expected Close Date
October 07, 2020
Target Raise
$15.00K-$100.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $170. They will owe you this amount by 1/1/2028, regardless of revenue.

Company Description

Corfu Pizza has been around for over 42 years. We are well know in the East Oak Lane area for our delicious pizza and cheese steaks and our infamous strombolis.

To expand our reach, Corfu Pizza has added on various apps like DoorDash Uber Eats, PostMates, ChowNow, and a drive thru app, and this has added over $20,900 in monthly revenue. In addition,. Corfu is open until 5 am some days, adding to its already booming business.

Corfu Pizza will be opening its first cloud kitchen in Somerset NJ, a great urban area with one of the largest colleges on the east coast and various hospitals. Cloud kitchens operate in a cloud-based only environment, offering late night menus as delivery only service, reducing the amount of resources needed to operate a take out restaurant. Cloud kitchens offer reduced risk due lower rents, less staff, and reduced branding at locations. All three of these components improve the bottom line, increasing profits. This is particularly relevant given the current pandemic, as more customers are willing to order takeout than dine-in service. The future of how restaurants will operate is uncertain, but the cloud kitchen model will be sustainable no matter what happens.

With great reviews across platforms, we know that there's demand for more Corfu pizza. We've built a loyal following and not only plan on relying on their support and word of mouth marketing, but will implement additional marketing tactics for the new location. These tactics include social media, flyers, and advertising in local papers.

Funds raised from our MainVest raise will go towards renovating the cloud kitchen as well as having working capital on hand to ensure a successful launch. If we raise beyond the minimum threshold, we'll be able to further improve pickup and delivery capabilities.

The community has been the reason we've been successful for over 40 years, and we're now excited to offer our supporters the chance to take part in the next phase of our growth. We look forward to a bright future with our new concept.

Use of Proceeds

  • Renovation: $30,000
  • Equipment: $14,000
  • Working Capital: $20,000
  • Pick-up capability: $20,000
  • Marketing: $10,000
  • Mainvest Compensation: $6,000

Management Team / Advisory Board Bios

Jesse
Lesuer
With holdings that include marketing, accounting, and real estate companies, as well as interests in the beauty and cosmetics industry, Jesse Le’Suer is known by many in the corporate world as a “serial entrepreneur” whose expertise continues to chart a unique path not only for his individual businesses, but also his parent company, known simply as de la SUEUR. 

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $170. They will owe you this amount by 1/1/2028, regardless of revenue.

Amount Raised : $4,800
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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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