Project Pie

Project Pie

Pizza Place

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Chino Hills, CA
Offering Date
October 26, 2020
Expected Close Date
January 13, 2021
Target Raise
$20.00K-$100.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $190. They will owe you this amount by 4/1/2027, regardless of revenue.

Company Description

Project Pie was founded in 2012 and was sold off In 2016 to Pieology. Project Pie, which at the time had about 20 units. Soon after, San Diego investors bought the brand from Pieology; those investors sold the company to another firm which in turn dissolved it and converted a few of the locations to a different pizza concept, Two of the Project Pie locations were not part of the buyout deal and my location was one of them. As the only location left, I took over the business in July 2020. My goal is to rebrand, have a few more corporate stores and begin franchising the business and its new approach and concept.

Key Deal Facts

Increased Daily Sale from 8K-10K Monthly to over 30K monthly
Gained back customers that haven’t returned in over 6 months
Revamped Menu and Ingredients

Use of Proceeds

  • New Line Coolers/ Equipment: $26,000
  • POS Equipment/ Software To Speed Up Services and Keep Up With Orders: $4,000
  • New Dough Machine to Make and Process Dough Faster: $24,000
  • Operating Capital: $35,000
  • Mobile App : $5,000
  • Mainvest Compensation: $6,000

Management Team / Advisory Board Bios

Steven Welser
Owner
Over 15 Years of experience in business public relations, marketing, sales, operation, and management. I also have over 10 years as a small business owner, owning and operating successful businesses. I have a strong background in the following industries either as management or owner/ operator; retail, security, e-commerce, funeral both human and pets, Business to Business, EMS/ Ambulance and restaurant Industries.

David Welser
HR
David has over 6 years experience and has a strong background in retail management, Sales, HR, and restaurant operations.

Aricka Brown
Store Manager
Aricka has over 3 years of restaurant management experience and has a strong background in the pizza business, she has over 2 years managing a national pizza chain store with high volume.

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $190. They will owe you this amount by 4/1/2027, regardless of revenue.

Amount Raised : $11,500
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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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