Ranada's Kitchen

Ranada's Kitchen

New American Restaurant

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Lexington, KY
Offering Date
November 06, 2020
Expected Close Date
January 20, 2021
Target Raise
$25.00K-$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 1/1/2027, regardless of revenue.

Company Description

Ranada's Kitchen is located in the heart of Chevy Chase, owned and operate by Chef and Restauranteur, Ranada Riley. Ranada has been a culinary leader in Lexington for over 15 years and has a significant following and support within the community. Ranada's Kitchen is her latest concept which encompasses family meals, cooking classes and boutique catering. She has been featured in several local publications and Food Network. In addition to producing quality comfort food, Ranada brings a layer of entertainment to the Lexington community with her charismatic charm and infectious personality. What makes this business unique is that it is full of innovation springboarded by the current restaurant climate with Covid19. Adding online cooking classes and an interactive membership component will complete the business model that Ranada wishes to attain. The capital raised will go towards a kitchen expansion to be able to open to the public for inside and patio dining once restrictions are lifted. In addition, an interactive website and production equipment will be purchased. The current website for Ranada's kitchen is a placeholder site that showcases her weekly menu, online ordering and descriptions of both the boutique catering and events held at the Kitchen.

Use of Proceeds

  • Kitchen Build Out: $50,000
  • Equipment: $35,000
  • Website: $9,000
  • Mainvest Compensation: $6,000

Management Team / Advisory Board Bios

Ranada Riley
Chef/Owner
At her core, Ranada Riley just loves to entertain. At an early age, she discovered her passion for music, art, food and family, and she's always sought ways to use those passions to bring people together. And with 22 years of experience in the hospitality industry, all of Ranada's passions are culminating in Ranada's Kitchen.She cut her teeth at the beloved Lexington restaurant Natasha's. From there, she landed her first Executive Chef job at Champion Trace Country Club. Eventually, she branched out on her own and started Lexington Diner. In 2020, she opened Ranada's Kitchen in Chevy Chase.Ranada has been featured on the Food Network twice, with both Alton Brown and Guy Fieri and she's worked alongside Michelin-Star and James Beard Award winning Chefs. Her restaurants have received more than 10 local awards for excellence.

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 1/1/2027, regardless of revenue.

Amount Raised : $1,300
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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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