Perillas Food

Perillas Food

Korean Restaurant

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Somerville, MA
Offering Date
October 23, 2020
Expected Close Date
January 06, 2021
Target Raise
$10.00K-$30.00K
Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $150. They will owe you this amount by 1/1/2026, regardless of revenue.

Company Description

I believe all people should be treated with dignity and respect. I believe focusing on people ultimately creates more value than focusing primarily on profits. I also believe in sharing the joy of delicious healthy Korean food in a fast, convenient, and affordable way. I wanted to create a business and work environment that encapsulated these values, and thus Perillas was born.

Though I had an idea, I didn't want to just jump right in and follow the traditional path of spending hundreds of thousands of dollars (not that I had that much!) to open up a brick and mortar. This model seemed a bit archaic to me, and I was convinced there had to be a way to bootstrap the business.

Use of Proceeds

  • Equipment: $11,000
  • Marketing: $450
  • Signage: $1,500
  • License & Permits: $500
  • Working Capital: $14,750
  • Mainvest Compensation: $1,800

Management Team / Advisory Board Bios

James Choi
Founder

Deal Notes

If you invest $100, the business agrees to share a portion of their revenue until you have been repaid $150. They will owe you this amount by 1/1/2026, regardless of revenue.

Amount Raised : $24,700
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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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