Dumbdumb Food Truck

Dumbdumb Food Truck

Food Truck

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Montauk, NY
Offering Date
October 15, 2020
Expected Close Date
January 13, 2021
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 $175. They will owe you this amount by 10/1/2027, regardless of revenue.

Company Description

DDFT was born out of friendship and Hospitality in a time when we take the most comfort in outdoor dining options. DDFT is serving hot and cold quick-pick-up wraps, bowls, and munchies in Montauk, NY. We use locally sourced produce whenever possible; stimulating the local economy while keeping health-conscious consumers in mind. Our wraps, bowls, and munchies are prepared fresh daily with the highest standards in sanitary practices. You can find us delivering our handcrafted goods at the beaches in your local neighborhoods.

New England natives Jenn Walker and Patrick Forbes are lifelong Hospitality Industry experts. Understanding the current situation that our world is facing in the fallout of a pandemic, they recognized that restaurants have been forced to be reimagined. These two are doing just that by bringing fresh and tasty bites to the beaches and your backyard. Outdoor & take-out dining will continue to tick up in viability for consumers as we navigate new times during Covid-19.

DDFT is unique for acknowledging a present issue and providing a solution. Food Trucks have been around for quite some time and have prevalence in certain markets. However, Montauk has a select few that operate locally, have delivery options, and offer private functions (regularly) the same way that DDFT plans to. We have also landed exclusive food contracts for Hotels and Resorts in Montauk; meaning we provide daily meal and snack drops to guests on behalf of the Hotel & Resorts. This has worked out perfectly as NY State law requires food to be provided while consuming liquor.

DDFT is unique because we continue to pivot, remain malleable, strictly compliant, and ready for the next steps to success.

Check us out at www.dumbdumbfoodtruck.com and follow along on Instagram! @dumbdumbfoodtruck

We would allocate the funds raised to grow our business. We'd love to use the funds to add equipment to the food trailer, add staff, pay ourselves a livable salary, (by the way, everything we have accomplished thus far was self-funded and all money made has been put directly back into the business), marketing/merchandise, food product accounts (non-COD), permitting, administrative costs (website, QuickBooks, LegalZoom, insurance, taxes, etc). This will bolster our ability to continue gaining momentum and increase sales/profit.

Use of Proceeds

  • Equipment and final buildout of trailer: $20,000
  • Payroll for employees: $40,000
  • Salary for ownership: $40,580
  • Mainvest Compensation: $6,420

Management Team / Advisory Board Bios

Jenn Walker


Patrick Forbes

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $175. They will owe you this amount by 10/1/2027, regardless of revenue.

Amount Raised : $5,700
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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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