White Elk Tea Company

White Elk Tea Company

Coffee Shop

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Security Type
Revenue Sharing
Categories
Food & Bev
Min Investment
$100
Location
Manassas, VA
Offering Date
September 29, 2020
Expected Close Date
December 02, 2020
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 $175. They will owe you this amount by 1/1/2028, regardless of revenue.

Company Description

At White Elk Tea Company we take pride in serving the community. With this passion we are setting out to create a unique experience with the highest quality drinks we could possibly serve.

Before moving to Virginia I was a manager at Mural City Coffee Company, A 5,000 square foot cafe in Dothan Alabama. While I was there I helped manage a tea bar with over 100 teas, a slow bar and a full traditional coffee bar. That's where my passion for everything grew. Before that I worked at 4 other coffee shops learning as much as I could about the culture.

Use of Proceeds

  • Space Build-Out: $24,000
  • Equipment: $28,000
  • First 3 months of bills: $22,000
  • Operating Capital: $20,000
  • Mainvest Compensation: $6,000

Management Team / Advisory Board Bios

Emily
Barista
Emily is a senior in Highschool who enjoys playing oboe and spending time with her family. She is currently trying to decide if she wants to go to Notre Dame or Saint Mary's. In a Covid world she looks forward to being able to work as a way to get out of the house and meet new people.

Chris
Founder
Chris is the one behind the entire operation. He takes pride in serving the community and serving the best possible drinks he can. His free time consists of running, reading and spending time with family.

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 1/1/2028, regardless of revenue.

Amount Raised : $1,000
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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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